Modern banks are relentlessly fighting for every customer, promising them financial well-being and stable income growth. One of such players is Ally, an online finance company, delivering online banking, credit, lending, auto financing, and brokerage services. If you love complex solutions, go on reading.
Ally Financial Inc. (NYSE: ALLY) is an online financial establishment offering a full range of related services:
The company also offers its own Ally Cash Back Credit Cards issued by TD Bank, N.A. (the USA national bank and subsidiary of the Canadian multinational Toronto-Dominion Bank).
Ally has a direct banking subsidiary – Ally Bank, which is a member of the Federal Deposit Insurance Corporation (the USA Government) and Equal Housing Lender.
Ally delivers brokerage services via Ally Invest Securities LLC., which is registered with the Securities Investor Protection Corporation and the USA Financial Industry Regulatory Authority. Such compliance gives customers peace of mind that their accounts with Ally are well-protected and never misused. If liquidated, every Ally’s client will be compensated with up to $500,000.
Advisory products/services are delivered by Ally via Ally Invest Advisors, Inc., which is a registered investment advisor with the USA Securities and Exchange Commission.
Brokerage services are sourced through Ally Invest Forex LLC., which, in turn, is a member of the USA National Futures Association acting as an introducing broker to GAIN Capital Group, LLC.
With over 800 employees, Ally has offices throughout the United States, while headquarters are
at 500 Woodward Ave Detroit, MI 48226 (Ally Financial Inc.), and at 200 West Civic Center Dr Sandy, UT 84070 (Ally Bank).
Ally possesses a proprietary web-based HTML 5 trading platform for delivering brokerage services. This platform allows traders to manage their accounts and conclude deals across different devices. It is also possible to access your account on small-screen iOS and Android devices via an appropriate mobile application. The platform’s main features are:
You can elect between professionally managed automated investing (a minimum deposit is $2,500) and self-directed trading (no account minimums). Spreads and fees will vary depending on the investment type you select, as well as on the trade volume and asset type.
Ally is a multi-faceted financial organization which can get you covered in any financial aspect, from home buying and mortgage refinancing to individual retirement savings and investing. Whatever scenario you choose rest assured Ally is fully compliant and controlled by leading financial regulatory bodies to provide the utmost financial experience.