TD Ameritrade Client Assets Surpass $500 Billion

Monday, March 11, 2013 10:43
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.

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“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. 





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