TD Ameritrade Client Assets Surpass $500 Billion

Monday, March 11, 2013 10:43
edit
TD Ameritrade Client Assets Surpass $500 Billion

Tags: competitors | custodians | Schwab | TD Ameritrade

TD Ameritrade Holding Corporation today announced that total client assets topped $500 billion for the first time ever in Februrary. That's up 14% from a year earlier but it's still just a quarter of the $2 trillion in client assets held at Charles Schwab.

This Website Is For Financial Professionals Only


“Over the last five years, in the midst of difficult market and economic conditions, our client assets are up over 60 percent, as we have gathered more than $170 billion in net new client assets,” Fred Tomczyk, president and chief executive officer said in a press release.

 

Curiously, the average of 386,000 client trades per day in February 2013 was down 6% from February 2012. A recent update from Schwab for the month of January showed an 8% gain in the number of trades. 

 

 

 

 

Comments (0)

Write comment

You must be logged in to post a comment. Please register if you do not have an account yet.

busy