TD Ameritrade 300

TD Ameritrade Assets Under Management (AUM)


2020 TD Ameritrade total assets under management (AUM). TDA/AMTD client assets, number of brokerage customers accounts, and mutual funds assets.



TD Ameritrade AUM: Total Assets Under Management


TD Ameritrade is one of the largest and best-known brokerage firms in the United States. You may be interested to know just how big the company is. The answer, as it turns out, is pretty enormous.

More specifically, the broker-dealer has the following numbers:

Client assets $1.32 trillion
Funded accounts 11,500,000
Average # of trades per day 862,000
Annual revenue $6 billion
New customer promotion $0 commissions + transfer fee reimbursement.

At last count, TD Ameritrade was estimated to have more than $1,300,000,000,000 in client assets. That’s a trillion dollars (one thousand billion dollars) in case you’re seeing too many zeroes to count. This makes TD Ameritrade one of the largest brokerage houses in the world. According to its most recent annual report filed with the SEC, the exact figure is $1,327,700,000,000. This represents a steady growth from $774 billion in 2017. The broker has received billions of dollars every year in new client assets for several years in a row, a sign that the company is doing a good job of building its brand.

Because TD Ameritrade doesn’t manage its own selection of mutual funds and ETFs, the trillion-dollar figure represents assets from across a variety of TD Ameritrade accounts invested in securities, funds, and probably forex and futures. Accounts include taxable and retirement accounts plus more esoteric varieties like trusts and estates. A thousand dollars invested in Facebook stock in a TD Ameritrade IRA would count towards the trillion-dollar figure.

The phrase “assets under management” usually refers to assets actively managed in funds. Since TD Ameritrade doesn’t manage any funds, we’re really talking about client assets here.




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Number of Customers at TD Ameritrade


TD Ameritrade currently has over 11 million funded accounts. The broker-dealer also provides custodial services for more than 6,000 registered investment advisors who operate independently of TD Ameritrade.


Figures from Other Operations


In fiscal year 2020, there were over 215,000,000 trades placed in TD Ameritrade accounts. This boils down to around 862,000 trades placed every market day. In the past, TD Ameritrade received on average $7 per trade in commissions; but the company has dropped its stock and ETF commission to $0. The company still receives revenue from order routing, though.

TD Ameritrade currently employs more than 9,200 full-time employees. Its most recent annual report shows net revenue of more than $6 billion in fiscal year 2020. With stock symbol AMTD on the Nasdaq, this financial performance resulted in $3.98 worth of earnings per share, and a $1.20 dividend per share.


TD Bank Numbers


TD Bank is the largest shareholder in TD Ameritrade. The bank is much larger than TD Ameritrade, boasting over 85,000 employees. And revenue is much higher at $36 billion annually.


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Strengths and Weaknesses of Large-Size Firms


Most large brokerage firms manage their own mutual and exchange-traded funds. TD Ameritrade, despite being a large-size firm, does not offer its own funds.

On the positive side, TD Ameritrade is large enough to produce its own suite of trading technology, which is the most advanced in the industry. Even better, the firm does not maintain any account minimums or trading requirements to use it.


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Is TD Ameritrade Good for Long-Term Investors?


Buy-and-hold investors don't trade very often. TD Ameritrade's stock and ETF commission of $0 would be hard to beat. Investors with a long-term outlook often buy mutual funds as well. There are over 13,000 mutual funds on the TD Ameritrade website open to new investors. This is more than E*Trade, Schwab, and Merrill Edge. Approximately 4,200 funds are $0-commission NTF products and have a redemption fee of $49.99 when they are sold in less than 6 months. Because long-term investors typically hold longer than this time frame, the broker's redemption fee wouldn't be a problem, either.

Long-term investors may also be interested in financial planning and retirement services, which the broker offers. Overall, TD Ameritrade is a good company for long-term investors.


Is TD Ameritrade Good Company for IRA's?


Several IRA types are available at TD Ameritrade, including Roth, Traditional, SEP, SIMPLE, Minor, and Rollover. E*Trade, by comparison, offers more, including an Inherited account and a OneStop Rollover that is professionally managed. WellsTrade, by comparison, only offers four IRA's.

TD Ameritrade's website has several resources devoted to Individual Retirement Accounts. These include videos, calculators, and educational articles. One calculator is a Roth conversion tool that assesses the consequences of converting a Traditional to a Roth account. Another resource calculates the latest time when withdrawals should begin from a Traditional IRA. A web-based seminar describes how to rollover an old employer retirement plan into an IRA with the broker. Information on the TD Ameritrade website discusses how to inherit an IRA. A selection tool also helps users decide whether a Roth or Traditional account would be a better route. Some brokers, such as Firstrade, don't offer nearly as much retirement education.

TD Ameritrade charges no IRA fees at all. Many brokers do charge some IRA fees. E*Trade, for example, has several $25 fees. Fidelity charges $50 to close an IRA, while TD Ameritrade charges nothing. Investors at Interactive Brokers pay $7.50 every quarter for an IRA. Taken as a whole, retirement savers have a good value with TD Ameritrade.





Is TD Ameritrade Good Company for Beginners?


Novice investors will find excellent resources on TD Ameritrade's website. For instance, there is a learning section with a lot of educational materials. These include videos on a variety of financial topics, including options trading, futures, forex, stocks, bonds, and more. There are also self-guided courses and articles that cover a wide range of investment issues. Also available is Investools, an affiliated company that specializes in investment education. Compared to several other brokers, including WellsTrade and Chase, TD Ameritrade offers much more educational material.

TD Ameritrade has a very advanced desktop platform called thinkorswim. It would not be a good choice for new investors due to its sophisticated nature. However, the broker offers a simpler browser-based platform. This trading system is easier to use and it's free for all clients.

Customer service is available 24/7, which will probably come in handy for traders trying to learn the ropes of the world of securities. TD Ameritrade also operates a nationwide network of branch locations, with more than 450 offices. Representatives are available who speak Mandarin, Cantonese, and Spanish. Other firms, including Vanguard and Ally Invest, don't have such luxuries.





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Open TD Ameritrade Account