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CHICAGO — If you’re one of the millions of Americans who own stocks and bonds, it’s a good bet that you maintain those investments in a brokerage account. Keeping physical possession of stock or bond certificates in this digital age makes about as much sense as stuffing cash under the mattress.

But opening a brokerage account was only your first decision. These days, you must also decide whether to go with a so-called full-service broker or a discount broker, and it’s important to understand the difference.

Discount brokers such as TD Ameritrade, E*TRADE, Charles Schwab and others typically charge between $2 and $20 for individual online trades; full-service brokers such as Merrill Lynch, Morgan Stanley and others charge as much as 10 to 15 times that much. While competition has caused many full-service brokers to reduce commissions lately, on average, you'll still pay $100-$150 for an average trade done through the typical full-service (translation: full-price) broker. And it doesn’t stop there.

LAS VEGAS — The Clean Executive Committee (CEC) announced sites and dates for the next three Clean Shows during a press conference earlier today. As reported Sunday by American Trade Magazines, New Orleans’ Morial Convention Center will host the event over three days in 2013.

In 2015, the Clean Show returns to Atlanta, which last hosted the exhibition in 1987. Las Vegas has been chosen to host the 2017 event.

Show dates are:

• 2013 — June 21-23, 2013
• 2015 — April 17-19, 2015
• 2017 — June 19-21, 2017

The dates reflect a more concise and efficient three-day format designed to give exhibitors and attendees a better value for their time and money invested in the Clean Show, the CEC says.

If the three-day experiment doesn’t work as well as hoped, the CEC could return to the four-day format, according to David Cotter, CEO of the Textile Care Allied Trades Association and Clean 2011 Chairman.


RIPON, Wis. — Alliance Laundry Systems announced that effective Feb. 1, Thomas F. L’Esperance will become vice chairman of the Board of Directors of parent company ALH Holding Inc., and Michael D. Schoeb will be promoted to chief executive officer of Alliance. The company’s executive staff will now report to Schoeb in his combined role as president and CEO.

LAS VEGAS — Clean 2011 is offering more than 35 hours of classroom sessions presented by four Clean Show sponsors and six related associations from the United States, Canada and Europe. Clean 2011 is scheduled for June 6-9, 2011 at the Las Vegas Convention Center.

Among the topics to be covered in the sessions are environmental issues, water conservation, business management, marketing, new technology, industry standards and regulatory issues.

LONG BEACH, Calif. — It was a hot, humid August in most of the U.S., but everyone at Fabricare 2010 in Long Beach, Calif., seemed cool, calm and collected. Held every two years by the California Cleaners Association (CCA), the show benefited from unusually pleasant weather, even for Southern California.

A former executive of Newport Beach, Calif.-based US Dry Cleaning Corp. told the New Orleans Times-Picayune late last week that the company reimbursed him for a $4,800 contribution to the campaign of U.S. Senator David Vitter (R-La.).

The alleged reimbursement would represent a violation of federal campaign finance law, and may represent an attempt to skirt campaign-finance limits by "bundling" individual contributions on behalf of a larger concern.

Outstanding Production Facility: CRDN of Southern Nevada, Las Vegas, Nev.

Located in an industrial park eight miles from Glitter Gulch, CRDN’s 8,300-square-foot plant is built to handle restoration work throughout the region quickly and efficiently. And the spotless new plant does just that, with room to grow.

The Clean Executive Committee (CEC) would like to thank all of those who made Clean ’09 an unqualified success! First and foremost, thank you to the nearly 10,000 textile and garment care professionals who spent time, money and energy to attend this year’s show in New Orleans.

NEW ORLEANS — Clean ’09, the premier event for the commercial laundering, drycleaning and textile maintenance and rental industry, opened Thursday morning, just before 10 a.m., featuring a little New Orleans fare — a roving jazz band and Mardi-Gras-costumed character who handed out beads to attendees.

NEW ORLEANS — I have visited New Orleans on several occasions, but this is the first time that I’ve seen Christmas decorations, or for that matter, Santa Claus marching in a jazz funeral. This is also the first time that I encountered weather here that wasn’t as warm as the Cajun cuisine.