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By Market News Video Staff, Tuesday, November 16, 12:03 PM ET
Online brokerage TD Ameritrade (NYSE:AMTD) said today that the average trades per day in October rose 14% from September, to 362,000. Average fee-based balances rose 5% from September. Furthermore, client assets totaled $367 billion by the end of the month, up 3% from September, and up 23% from last October.
TD Ameritrade shares are trading 0.2% Tuesday.
The stock is 4.32% of the iShares Down Jones U.S. Broker-Dealer Index Fund (AMEX:IAI), trading lower by 1.3% today with the general markets. Top holdings in the fund include Goldman Sachs (NYSE:GS), at 9.26%, Morgan Stanley (NYSE:MS), at 6.74%.
The ETF Channel Flexible Growth Investment Portfolio is designed to seek growth for investors — anywhere and everywhere. The key to the program is our portfolio strategy allows us complete flexibility in terms of asset allocation as there are no predetermined guidelines as to the level of stocks, bonds, cash, regions, countries, sectors, commodities, or even asset classes in the portfolio! In short, this is a completely flexible portfolio designed to follow the performance trail wherever it leads us.
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