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TD Ameritrade CEO: Long-Term Investors Slowly Coming Back

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  • Description

    TD Ameritrade CEO Fred Tomczyk on investors’ return to the markets.

  • Duration 3:30
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Trading volumes are sluggish but TD Ameritrade still reporting better than expected earnings this morning citing record new client assets.

But the company profits -- on the decline this quarter so.

How much of a concern is -- and what are the expectations going forward in 2013.

Wright topic is TD Ameritrade CEO president he joins us from the floor.

Of the New York Stock Exchange good to see for I don't wanna buried at the great news -- that I think that's the news is that -- guys have had a steady.

Increase of about 20% since November and that does coincide with this sort of -- with the retail investor all those people were spooked.

By what happened in 200789.

It looks like they're finally shaken off their fear in getting back into the market that's got to be the reason -- you're succeeding now right.

While our trading level is still pretty soft so they're coming back but they're coming back slow.

But the real reason we're doing so well is because we actually have fallen Gaza gathering that very good market fee based revenue growth.

And our expenses -- -- -- -- consensus.

Trading in January is picking up but it's picking up slowly we still like it to be about a higher.

Where exactly Fred are -- growing revenue where at where's the money coming from the where's -- going into him.

-- money's going into the march Sullivan's going into the market could be bond funds and our markets fee based balances are up above 32% year over year.

And the revenue on those balances have grown about 228%.

Year over year.

And yes that gathering has helped offset the impact of -- lower interest rates in the -- yelled her just really couldn't looking you're active investor Howard of those accounts dealing.

-- -- -- investors continuing to react of the long term investor is slowly coming back.

We saw that and our investor moment index -- December.

Where investors were generally getting more bullish.

And increasingly bullish we're seeing that show up in January so far in January.

Just -- every trading day has been and that by by our clients and are slowly coming back into the market.

And -- the people -- 500 was up fourteen for thirteen 14% last year 4% so far this year she goes slowly coming back.

Fred what are you looking for for that continued success that you've had since November -- are you looking.

To the Fed are you looking to the folks inside watching just looking to the general.

Better growth for the general economy or what.

I think mainly at the growth in the economy.

And you're getting those positive indicators going it does feel like the economy's got its footing.

As long as Washington doesn't -- -- here I think I think we'll have a decent why why do you think the economy isn't growing better how much should it be growing right now as opposed to 2%.

They could be nice to see it up at 34%.

But you know I think realistically.

3% -- be nice.

I think it's all -- do what -- certainly coming out of Washington.

The -- is -- we could just stepped up their corporations have so much money on their balance sheet retail investors -- at such risk free assets.

Just give us some let this -- above momentum and I think the market -- look after itself.

Fred -- -- CEO of TD Ameritrade since October of 2000 -- you saw the crisis you saw the recovery are -- in new normal is that a word that we should just accept an endings are different now we're gonna have been slow growth.

But that depends on your time horizon I do think you're gonna see slow growth relative to what we've historically been used for -- for the next.

-- all three at about five years ago I think there's going to be a long slow recovery Fred topic great to see if Fred regrets and the numbers appreciate you coming and thank you.

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