TD Ameritrade Holding Corporation (NYSE: AMTD) today announced company metrics for January 2014. The Company reported the highest monthly average trades per day in its history. Monthly activities for January 2014 included:
- An average of 496,000 client trades per day in January 2014, up 28 percent from January 2013 and up 22 percent from December 2013.
- $588.8 billion in total client assets as of January 31, 2014, up 18 percent from January 2013 and down 1 percent from December 2013.
- Average spread-based balances of $91.7 billion, up 10 percent from January 2013 and up 1 percent from December 2013.(1)
- Average fee-based balances of $132.9 billion, up 23 percent from January 2013 and essentially flat from December 2013.(1)
(1)Spread-based assets are client and brokerage-related assets, including client margin balances, segregated cash, the TD Ameritrade FDIC Insured Deposit Account (IDA) balances, deposits paid on securities borrowing and other cash and interest earning investment balances. Fee-based balances are client assets invested in money market funds, other mutual funds and Company programs such as Amerivest and AdvisorDirect. IDA balances are held at TD Bank, N.A. and TD Bank USA, N.A., affiliates of TD Ameritrade. Amerivest is an investment advisory service of Amerivest Investment Management, LLC, a registered investment advisor. AdvisorDirect connects a prospective client with an independent financial advisor. TD Ameritrade, Inc., TD Ameritrade Clearing, Inc. and Amerivest Investment Management, LLC are subsidiaries of TD Ameritrade Holding Corporation.