Scottrade Opens Offices in Novi, Mich. and Midvale, Utah

St. Louis, Feb. 21, 2006 – Scottrade, a leading online brokerage, is announcing that it has opened offices today in Novi, Mich., and Midvale, Utah, bringing the firm’s total number of offices to 258.

“Scottrade is excited to open offices in Novi and Midvale because we have many clients who work and live in those areas,” said Scottrade president Rodger Riney. “We feel the new office is extremely important to give area customers convenient offices with which to do business.”

Scottrade’s Novi office will be located at 25875 Novi Road, Suite 122. The office will be open from 8:30 a.m. to 5 p.m. and will be managed by Donna Shea. The new office can be reached at 248-596-9665.

Scottrade’s Midvale office will be located at 6965 South 1300 East. The office will be open from 7 a.m. to 5 p.m. and will be managed by Kevin Harris. The new office can be reached at 801-256-9900.

Scottrade has a history of opening an average of two branches per month and has plans for additional expansion. In addition to the new office in Novi, Scottrade has offices in Southfield, Sterling Heights, Dearborn, Okemos, Ann Arbor, Birmingham and Grand Rapids. Scottrade has plans for an office in Flint in May.

In addition to the new office in Midvale, Scottrade has an office in Salt Lake City.

About Scottrade
Scottrade is a leader in online investing and is currently ranked Highest in Investor Satisfaction with Online Trading Services by J.D. Power and Associates (www.jdpower.com). The October 2005 announcement was the sixth consecutive time Scottrade has received the honor.

The firm serves individual investors who are comfortable making their own investment decisions. Scottrade is unique in the industry because it boasts very low commission rates while offering easily accessible, local branch office support of online trading in 258 locations nationwide. Scottrade.com is the online trading site of Scottrade and offers customers the convenience of placing orders online for just $7 per trade. In addition to its online capabilities, Scottrade staffs each branch location with a licensed branch manager plus additional brokers and assistants.

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