TD Ameritrade Holding Corporation (NYSE: AMTD) today announced company metrics for May 2014. Monthly activities for May 2014 included:
- An average of 383,000 client trades per day in May 2014, down 8 percent from May 2013 and down 15 percent from April 2014.
- $634.0 billion in total client assets as of May 31, 2014, up 19 percent from May 2013 and up 2 percent from April 2014.
- Average spread-based balances(1) of $91.2 billion, up 9 percent from May 2013 and essentially flat from April 2014.
- Average fee-based balances(1) of $137.9 billion, up 15 percent from May 2013 and up 1 percent from April 2014.
(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.