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Background
Renta 4 begins operating in 1986 as one of the first independent investment service providers (i.e. not connected to any banking or industrial group). Its beginnings as a Public Debt trader soon change following the approval of the Spanish Securities Market Act.
In 1989 the company becomes the first Sociedad de Valores y Bolsa (broker) to register with the Comisión Nacional del Mercado de Valores (CNMV or Spanish Securities Market Commission).
In 1991 Renta 4 sets up its own fund management company, Renta 4 Gestora and expands its range of investment products to include not just Public Debt and Equity Trading but also investment funds.
The creation of the intranet in 1995 heralds a significant advance for Renta 4's office network as it provides a platform to supply information to the entire sales network.
In 1997 Renta 4 sets up Renta 4 Pensiones, its pension plan fund manager which has been received prizes on numerous consecutive occasions for its management of 1, 3 and 5 year pension plans.
At the end of 1999, the company launches Renta4.com, its online platform facilitating the purchase of financial products and services. Renta 4.com is set up to constantly innovate the range of products and services offered to Renta 4's customers. Since then the company has extended its range of products and services and its website has been upgraded to make it more user-friendly.
Renta 4's multi-channel philosophy has been apparent over the years with branches located all over Spain. Between 2002 and 2004 Renta 4 acquires the minority stakes of some of its local branches.
Growth of Renta 4's branches:
(*)From the 10 new branches, 6 are about to complete it's opening at the end of 2007.