TD Ameritrade CEO Points to Soft Trading in 20% Profit Drop
President and Chief Executive Fred Tomczyk said earnings and revenue were “right on consensus,” though he did acknowledge that TD Ameritrade’s trades were down at a rate of 51,000 per day.
SunAmerica Reshapes Its Distribution Channels
AIG’s SunAmerica Financial Group unit is reorganizing to consolidate and expand its distribution channels.
LPL-AXA Extend Clearing Deal
The independent broker-dealer retains a key client in the custom-clearing space
TD Ameritrade’s Bradley Shifts to Retail as Nally Takes Over RIA Unit
Tom Bradley will take over the role of president of retail distribution from John Bunch as Tom Nally becomes head of TD Ameritrade Institutional.
New Hire Roundup: Wyderko Named President, CEO of Mutual Fund Directors Forum
This week in new hires, Susan Ferris Wyderko was named president and CEO of the Mutual Fund Directors Forum and Lisa Resnick became senior VP of retail distribution at Genworth Financial.