Temper of the Times Investor Services, Inc. is a specialized broker/dealer that enroll potential investors in Dividend Reinvestment Plans by buying initial shares and transferring ownership to the investor. First incorporated in 1981 as Temper of the Times Communications, Inc., it was the publishing company for the financial newsletter The Moneypaper. In the May 1986 issue of The Moneypaper, Temper first printed an order form for subscribers to use to become enrolled in company DRP programs. In 1996, Temper split into two separate companies: The Moneypaper, Inc. became the publishing company, and Temper of the Times Communications, Inc. was renamed Temper of the Times Investor Services, Inc. and was registered with the Financial Industry Regulatory Authority (FINRA) as a broker/dealer. To
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| - Temper of the Times Investor Services, Inc. is a specialized broker/dealer that enroll potential investors in Dividend Reinvestment Plans by buying initial shares and transferring ownership to the investor. First incorporated in 1981 as Temper of the Times Communications, Inc., it was the publishing company for the financial newsletter The Moneypaper. In the May 1986 issue of The Moneypaper, Temper first printed an order form for subscribers to use to become enrolled in company DRP programs. In 1996, Temper split into two separate companies: The Moneypaper, Inc. became the publishing company, and Temper of the Times Communications, Inc. was renamed Temper of the Times Investor Services, Inc. and was registered with the Financial Industry Regulatory Authority (FINRA) as a broker/dealer. To (en)
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| - 0001-10-01 (xsd:gMonthDay)
- Location: Rye, NY (en)
- President/CCO: Leonard Barenboim (en)
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| - Temper of the Times Investor Services, Inc. is a specialized broker/dealer that enroll potential investors in Dividend Reinvestment Plans by buying initial shares and transferring ownership to the investor. First incorporated in 1981 as Temper of the Times Communications, Inc., it was the publishing company for the financial newsletter The Moneypaper. In the May 1986 issue of The Moneypaper, Temper first printed an order form for subscribers to use to become enrolled in company DRP programs. In 1996, Temper split into two separate companies: The Moneypaper, Inc. became the publishing company, and Temper of the Times Communications, Inc. was renamed Temper of the Times Investor Services, Inc. and was registered with the Financial Industry Regulatory Authority (FINRA) as a broker/dealer. To date, it is the only brokerage whose only service is to facilitate enrollment in Dividend Reinvestment Plans (DRPs or DRIPs), and has been used by The Motley Fool in its "Starting Direct Investment Plans" article, where it was referred to as "the most reasonable service that we know of for enrolling in DRPs." Forbes.com wrote concerning Temper: If you're still convinced that DRIPs are for you, here's more: Most plans require that new members already own stock in the company, often as little as one share. Buy this share through a broker, but be sure it is registered in your own name, not in a street name. The broker will probably charge a fee for the paper certificate. You can buy into a DRIP through the company's plan administrator...or through a service like Temper of the Times Communications, a... company that charges a flat (fee) to set up a DRIP account with most companies' programs. Temper enrolls you in the program, charging a commission of between 5 cents and 50 cents a share to buy stock for your DRIP account. Depending on your circumstances, such a plan makes sense. Temper is for investors who "prefer to do their own research on companies, who plan to invest on a regular basis in the companies to build up their holdings and who don't want brokers hounding them all the time with the latest news on another stock," according to a 2008 article on InvestmentNews.com The focus on DRIPs is to "allow small investors to put in minimal amounts of money without paying a broker fee for each purchase. With only a small initial fee, small investors without a lot of money can afford to buy stocks in small amounts, generally getting a better return than they would in the interest on savings or checking accounts at banks." (en)
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