TD Ameritrade (AMTD) Institutional National Conference Update
February 08, 2010 2:46 PM
Analysts Matt Fischer and Tom Hennessy at CLSA Asia-Pacific Markets have released an update from TD Ameritrade Holding Corporation’s (NASDAQ: AMTD) Institutional National Conference. The conference saw record attendance this year, with over 1,200 registered investment advisors.
According to analysts, one of the key takeaways from the conference included the increasing trend of registered investment advisors’ taking shares from full service wirehouses. Since 2005, independent registered investment advisors have grown by about 33%, while the number of wirehouse registered representatives has declined by 14%.
According to analysts, the other key takeaways from the conference include continuous enhancement of products and services by TD Ameritrade Institutional, which is resulting in strong client satisfaction and management’s insistence of no change to the commission structure at TD Ameritrade. Analysts at CLSA Asia-Pacific Markets have a Buy rating for TD Ameritrade Holding Corporation.
