TD Ameritrade Tops Estimates, Cites ‘Breakaway Brokers’ as a Factor
CEO Fred Tomczyk is upbeat on the attractiveness of the firm’s institutional platform and its sales pipeline.
Schwab, TD Ameritrade Post Strong Asset Growth, Beat Indexes
Schwab reports total assets of $2.57 trillion — $1.27 trillion of which is advised assets; TD has total assets of $710 billion.
SEC’s Ability to Deliver True Fiduciary Standard in Doubt: Report
Institute for the Fiduciary Standard says the SEC believes "conflicts are routine and acceptable — not inherently inconsistent with providing objective advice.”
TD Ameritrade Taps Bank CFO to Replace Gerber
Steve Boyle, who has worked for the firm’s affiliate since 1997, will take over in October.
Schwab, Fidelity Stop Sales of Schorsch-Led Nontraded REITs
The custodial firms join a growing number of broker-dealers abandoning American Realty Capital and Cole products after an accounting scandal.
82% of RIAs Expect Boost in M&A Deals: TD Ameritrade Survey
Yet only 8% say they really expect to complete tuck-ins of advisor teams this year.
It’s Still the Economy, Stupid: TD Ameritrade Poll Ahead of Election
Retail investors named three issues as weighing heaviest on their confidence in the stock market, according to TD Ameritrade's Investor Sentiment Poll.
TD Ameritrade Has 13% Drop in Quarterly Profits, But Boosts Net New Assets
AMTD's profits for the full year fell 8%, totaling $586 million, or EPS of $1.06, versus $638 million a year ago, or EPS of $1.11.