TD Ameritrade Holding Corporation (NYSE: AMTD) today announced company metrics for February 2013, which marks the first time that total client assets at the company have surpassed $500 billion. “Over the past five years, our associates have worked tirelessly to make TD Ameritrade not only a leader on the trading side of our business, but a premier asset gatherer as well. We implemented a new sales and service model, delivered new products and invested in marketing and technology to improve the investing experience for our clients. Those initiatives helped us achieve this important milestone: half a trillion dollars in client assets,” said Fred Tomczyk, president and chief executive officer. “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.” Monthly activities for February 2013 included:
- An average of 386,000 client trades per day in February 2013, down 6 percent from February 2012 and essentially flat from January 2013.
- $502.5 billion in total client assets as of Feb. 28, 2013, up 14 percent from February 2012 and up 1 percent from January 2013.
- Average spread-based balances of $81.8 billion, up 11 percent from February 2012 and down 2 percent from January 2013.(1)
- Average fee-based balances of $110.8 billion, up 30 percent from February 2012 and up 3 percent from January 2013.(1)