New Year, New Outlook: Americans Increasingly Optimistic That U.S. Economy is on the Rebound, Despite Looming Fiscal Cliff

  New Year, New Outlook: Americans Increasingly Optimistic That U.S. Economy
  is on the Rebound, Despite Looming Fiscal Cliff

 TD Ameritrade to host free “Fiscal Cliff Impact” Webcast; Monday, Dec. 17, 4
                                   p.m. EST

Business Wire

OMAHA, Neb. -- December 11, 2012

While 2012 was a tough financial year, many Americans feel optimistic that
2013 will be brighter both personally and economically. In fact, 43 percent of
Americans are optimistic about 2013 and believe the economy is on the rebound,
according to a new 2013 Outlook Survey released by TD Ameritrade, Inc. (“TD
Ameritrade”), a broker dealer subsidiary of TD Ameritrade Holding Corporation
(NYSE:AMTD). ^ 1 That’s nearly double the 24 percent who last year said they
were optimistic about 2012. ^ 2

Just one-third (34%) of Americans are uncertain about where the economy is
headed^1, compared with the 52 percent who were uncertain one year ago. ^ 2
Additionally, 45 percent of Americans expect 2013 to be a better financial
year than 2012 in terms of their personal financial situation.^1

This increase in optimism and clarity comes at a time of otherwise great
uncertainty as the country faces the looming fiscal cliff deadline. Many
investors are left wondering what the effects of the cliff – no matter what
the resolution – will mean for the markets, economy and their own financial
plans.

What the Fiscal Cliff Means to Investors and Independent Registered Investment
Advisors

While it’s impossible to predict the outcome of an anticipated fiscal cliff
resolution, understanding its potential impacts can help provide additional
clarity about the markets and economy in the coming year. Some of TD
Ameritrade’s most experienced professionals weigh in:

J.J. Kinahan, chief derivatives strategist, TD Ameritrade on active traders:
“The impending fiscal cliff presents a lot of questions for traders –
particularly how spending cuts or tax increases may affect different
industries – which can open or close the door to potential trading
opportunities. This could add some volatility to the markets and could result
in increased trading activity toward the end of the year.”

Tom Bradley, president of retail distribution, TD Ameritrade on longer-term
investors: “Even with the presidential election behind us, longer-term
investors have slowed their trading pace – waiting for additional clarity from
Washington, the markets and the economy. However, they remain engaged –
logging in to check their accounts and planning their allocations around new
tax and regulatory policies to make best use of their capital in the new
year.”

Tom Nally, president, TD Ameritrade Institutional ^ on independent registered
investment advisors (RIAs): “Independent registered investment advisors are
working to get out in front of the fiscal cliff, addressing their clients’
concerns and preparing for potentially bigger tax burdens and increased market
volatility. RIAs anticipate not only steeper taxes for the wealthy, but also
curbs on deductions. Regardless of political gridlock or any fiscal cliff deal
outcomes, RIAs continue to look out for the long term, keeping in mind time
horizons, risk tolerance and individual client goals.”

TD Ameritrade to Host Free Webcast on Fiscal Cliff Impacts, Dec. 17 at 4 p.m.
EST

To help investors consider how they will adapt their positions for a variety
of potential outcomes, on Monday, December 17^th at 4 p.m. EST, TD Ameritrade
will present a special webcast – “The Fiscal Cliff and its Impact on the
Financial Markets.” Alec Young, S&P Capital IQ Global Equity Strategist will
suggest ways for investors to prepare for several scenarios, based on what the
federal government may decide to do.

The free webcast will cover:

  *How the fiscal cliff formed and which laws are in jeopardy
  *The potential economic impact if the fiscal cliff is resolved – and if it
    isn’t
  *An overview of each political party’s position and the current state of
    fiscal discussions
  *The potential impact to investors, including tax changes

The webcast is limited to 1,000 participants, however, an archived version
will be made available after the live event here. Registration for the live
event is free and open to the public.

TD Ameritrade clients can register and get more information about the webcast
here.

For more information on TD Ameritrade’s investor surveys, visit www.amtd.com
or follow the Company on Twitter, @TDAmeritradePR.

AMTD-G

TD Ameritrade does not provide tax advice. Please consult your tax-planning
professional with regard to your personal circumstances.

Alec Young and S&P Capital IQ, as well as Head Research and ORC International,
are separate from and not affiliated with TD Ameritrade, which is not
responsible for the services, policies, or commentary of these entities.

About TDAmeritrade Holding Corporation

Millions of investors and independent registered investment advisors (RIAs)
have turned to TD Ameritrade’s (NYSE: AMTD) technology, people and education
to help make investing and trading easier to understand and do. Online or over
the phone. In a branch or with an independent RIA. First-timer or
sophisticated trader. Our clients want to take control, and we help them
decide how—bringing Wall Street to Main Street for more than 36 years. TD
Ameritrade has time and again been recognized as a leader in investment
services. Please visit TD Ameritrade’s newsroom or www.amtd.com for more
information.

About TD Ameritrade Institutional*

TD Ameritrade Institutional^‡ is a leading provider of comprehensive brokerage
and custody services to over 4,000 fee-based, independent registered
investment advisors and their clients. Our advanced technology platform,
coupled with personal support from our dedicated service teams, allows
investment advisors to run their practices more efficiently and effectively
while optimizing time with clients.

^‡TD Ameritrade Institutional is a division of TD Ameritrade, Inc., a broker
dealer subsidiary of TD Ameritrade Holding Corporation.

*Brokerage services provided by TDAmeritrade, Inc., member FINRA
(http://www.finra.org) SIPC (www.SIPC.org) /NFA (www.nfa.futures.org).

^1About the 2013 Outlook Survey

An online survey was conducted among N=1,000 Americans 18+ years old from
November 16-17, 2012, by Head Research on behalf of TD Ameritrade, Inc. Sample
was drawn from major regions in proportion to the U.S Census. The statistical
margin of error for overall survey results in this study is +/- 3% (assumes
panelists do not differ from non-panelists, and respondents do not differ from
non-respondents). This means that, in 19 out of 20 cases, survey results for
questions based on all survey respondents (N=1,000) will differ by no more
than 3% in either direction from what would have been obtained by measuring
the opinions of all adult Americans.

About Head Research

Head Research is a division of Head Solutions Group (U.S.) Inc., a leading
market research partner for Financial Services companies in North America.
With offices in New York, Toronto, and Montreal, Head delivers the deep
customer insights that increase institutional knowledge and propel business
action.

^2About the 2012 New Year’s Survey

These results are based on a telephone survey conducted in ORC International’s
CARAVAN® on behalf of TD Ameritrade. One thousand six (1,006) adults
participated in a telephone survey conducted October 13-16, 2011. The margin
of error in this survey is ±3.1 percentage points. This means that in 19 cases
out of 20, survey results based on 1,006 respondents will differ by no more
than 3.1 percentage points in either direction from what would have been
obtained by seeking the opinions of all adults living in the United States age
18 and older. ORC International and TD Ameritrade are separate, unaffiliated
companies and are not responsible for each other's products and services.

About ORC International

ORC International is a leader in global market research with expertise in
Information Technology and Telecommunications, Healthcare, Financial Services,
Public Services and Consumer Behavior. For more information, visit
www.opinionresearch.com.

Contact:

For Media:
Christina Goethe, 201-369-8541
Communications & Public Affairs
christina.goethe@tdameritrade.com
On Twitter @TDAmeritradePR
or
For Investors:
Jeff Goeser, 402-597-8464
Investor Relations & Finance
jeffrey.goeser@tdameritrade.com
 
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