This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

TD Ameritrade Delivers 5th Consecutive Year Of Double-Digit Net New Client Asset Growth Rate

Stocks in this article: AMTD

TD Ameritrade Holding Corporation (NYSE: AMTD) has released results for fiscal 2013. The Company gathered approximately $50 billion of net new client assets, maintaining its industry-leading, double-digit net new client asset growth rate for the 5th consecutive year.

The Company’s results for the fiscal year ended Sept. 30, 2013 include the following: (1)

  • Net income of $675 million, or $1.22 per diluted share
  • Record net new client assets of approximately $50 billion, an annualized growth rate of 10 percent
  • Average client trades per day of approximately 374,000, an activity rate of 6.3 percent
  • Record net revenues of $2.76 billion, 55 percent of which were asset-based
  • Investment product fee revenue of $250 million, up 28 percent year-over-year
  • Pre-tax income of $1.09 billion, or 39 percent of net revenues
  • EBITDA (2) of $1.29 billion, or 47 percent of net revenues
  • Record interest rate sensitive assets (3) of $96 billion, up 16 percent year-over-year
  • Record client assets of approximately $556 billion, up 18 percent year-over-year

“TD Ameritrade had another strong year, as we maintained our industry-leading, double-digit growth in asset gathering,” said Fred Tomczyk, president and chief executive officer. “In 2013 we delivered record net new client assets and interest rate sensitive assets and continued to build on our leadership in trading. Each of these accomplishments contributed to the highest net revenues we’ve earned in our history. As we go forward, we’ll remain focused on growth and investing in the future. Our strategy is working, and our momentum is strong going into 2014.”

“TD Ameritrade has once again shown that we can keep expenses in check, invest in the business, and grow. We have held expenses at the same level in each of the last three years, and yet we’ve continued to invest in the business and deliver record growth,” said Bill Gerber, executive vice president and chief financial officer. “In 2013 we effectively returned 107 percent of earnings via cash dividends and debt repayments, and when you combine dividends and stock appreciation over the last year, our shareholders have received a total return of more than 75 percent. Moving forward we intend to continue building our long-term earnings power and return capital to further enhance shareholder value.”

1 of 5

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,614.81 +215.14 1.31%
S&P 500 1,941.28 +37.27 1.96%
NASDAQ 4,419.4780 +103.4040 2.40%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs