) stated a whooping monthly average client trades per day of
501,000 in its Activity Report for Feb 2014. This figure marked
an all-time high in the company's trading history.
Further, the trading metrics look impressive as it continues to
deliver an improved performance. The figure represents a 1% rise,
breaking the previous record of 496,000 in the prior month, while
it rose 30% year over year.
Broker performance is generally measured through monthly average
client trades per day. It represents the number of trades
from which brokers can earn commissions or fees.
TD Ameritrade reported $611.6 billion in total client assets in
Feb 2014, up 22% year over year and 4% from the prior month.
Moreover, average spread-based balances augmented 12% year over
year to $91.7 while it was in line with Jan 2014.
Further, average fee-based balances climbed 19% year over year to
$132.4 billion, while it came in line with the Jan 2014 figure.
Average client trades per day in first-quarter fiscal 2014 (ended
Dec 2013) increased 24% year over year to 414,000. However, net
new client assets were $14.5 billion, down 7% from the past year.
At quarter end, TD Ameritrade reported total client assets worth
$596.5 billion, up 24% year over year. Moreover, average
spread-based balance was $90.3 billion, up 14% from $79.3 billion
in the prior-year quarter. Average fee-based balance was $130.5
billion, up 31% year over year.
Innovations in online trading, long-term investment in products
and services, delivery of advanced customer services, creative as
well as cost-effective marketing and sales, along with prudent
expense management are TD Ameritrade's key strategies to boost
its trading and investing business.
Further, the company's association with
The Toronto-Dominion Bank
) provides an opportunity to cross sell its products. This is
expected to be a significant growth driver for TD Ameritrade's
However, amid a volatile operating scenario, a low interest rate
environment and stringent regulations may pose challenges to the
company's financials in the long run.
At present, TD Ameritrade carries a Zacks Rank #1 (Strong Buy).
Among other investment brokers,
) are expected to report their monthly metrics later this
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