Question-and-Answer Session
Operator
Thank you. (Operator Instructions). And we will take our first question from Rich Repetto with Sandler O'Neill.
Richard Repetto - Sandler O'Neill & Partners L.P.
Hey, good morning David and Adam.
Adam DeWitt
Hi Rich.
David Fisher
Hi, Rich.
Richard Repetto - Sandler O'Neill & Partners L.P.
I guess the first question is, how many accounts right now are you getting from Optionetics on average? And then how much... do they have any referrals to other brokers to try to gauge what actually they... how many brokerage accounts their students are actually opening in any period?
David Fisher
Rich, Optionetics had very different model than say, Investools, for example. But they don't do for the primary business any direct referral deals with brokers. Historically, they've been more broker at NASDAQ and really are only connection them has been advertising on their side. No different, we advertise on 100s of other websites, financial websites that are out there, just in terms of regular banner ads.
Despite that limit engagement, we still are able to capture a couple of thousand accounts every year. And so we think, we obviously with the much tighter integration going forward like Optionetics has never done in the past. We're going to be able to capture a large number of their kind of 40,000 plus attendees per year.
Richard Repetto - Sandler O'Neill & Partners L.P.
Okay. And then just one more question on Optionetics; I was able to browse through the frequently asked questions on their website, and it talks about... and again this is not a full picture they're offerings, because there is no rates. But it does talk about in the refund policy, where they guarantee if you don't make a 300% return on tuition paid, you can get a refund of your tuition. Is that something you're aware of or is that a common practice there?
Adam DeWitt
Edward, it's a common practice among most of the ideas. It's a 300% is... I think it's a way making customers believe it. It's no different than saying untraditional money-back guarantee, which essentially as the customer wants their money back, they're in general going to be able to get their money back. And that's pretty typical throughout the industry.
Richard Repetto - Sandler O'Neill & Partners L.P.
Okay, understood. And I guess, now switching over to optionsXpress, Adam you said, you are able to secure better rates. Could you... for some I think is for the deposits, could you get me more detail like what... how you are able to do that? Like you invested in different securities or what better, how we're able to get the better rates I guess in the quarter?
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