TD Ameritrade said it brought in $15.6 billion of net new client assets in the quarter ending Dec. 31, up more than 50 percent from the same quarter a year ago and the period ending Sept. 30, when net new clients assets were $10.2 billion and $10.1 billion respectively.

The company also said it had net income of $147 million, or $0.27 per share, versus $152 million, or $0.27 per share, a year ago and $147 million of $0.26 per share, in the prior quarter.

Sales were $651 million in its fiscal first quarter, down from $653 million a year ago but up a bit from $647 million in the prior period.

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Janet Levaux

Janet Levaux, MA/MBA, is Editor in Chief of ThinkAdvisor & Investment Advisor. She's covered the financial markets since 1991 and advisors since 2005. Janet studied at Yale, Johns Hopkins SAIS and St. Mary's College of California. She's also lived and worked in Asia, Europe and Latin America, raised two sons, and won a Neal Award for top news coverage in 2020.