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
Editor-in-Chief Janet Levaux has covered the financial markets since 1991, with a focus on financial advisors since 2005. After graduating from Yale and the Johns Hopkins School of Advanced International Studies (SAIS), where she studied global economics, Janet worked as a freelance financial and business writer in Japan, and then as a reporter and editor for Investor's Business Daily and the Bay Area News Group in California. She earned an MBA in 2007 and since then has helped lead key ThinkAdvisor projects like its Neal-Award winning reporting on Ken Fisher, Luminaries awards program and Women in Wealth newsletter.
