President and Chief Executive Officer
TD Ameritrade Holding Corp.
[35]
It isn’t easy being the No. 1 retail online brokerage amid what TD Ameritrade Holding Corp. CEO Fred Tomczyk refers to as “many challenges that were out of our control.” But the Omaha, Nebraska–based company has thrived by most measures. Although client trades in April, at 402,000 per day, fell 6 percent from the same month in 2010, client assets were up 21 percent, to $423 billion, and net income for the quarter ended in March rose 6 percent, to $172 million. For Tomczyk, 55, a longtime executive at parent TD Bank Group who succeeded chairman Joseph Moglia as chief executive of TD Ameritrade in 2008, organic growth is key, and net new assets increased by double-digit percentages in eight of the ten quarters through March. “Within a 24-month period that included the deepest and longest recession since the Great Depression, we refinanced our debt through a successful public offering, bought back 9 percent of our stock, purchased a company and introduced a dividend,” Tomczyk says. The acquisition was options-focused brokerage Thinkorswim, which contributed to a doubling of options volume since 2009. TD Ameritrade has embraced mobility, delivering research and trading services for the iPad, iPhone and other devices. In May the company introduced Trade Architect, with tools that bring basic online trading closer to professional-level sophistication.
