nd variable annuities provided by highly-rated insurance carriers. The company earns commissions and transaction fees on client trades in common and preferred stock, ETFs, closed-end funds, options, futures, foreign exchange, mutual funds and fixed income securities. Margin lending and the related securities lending business generate net interest revenue. Cash management services and fee-based mutual funds generate insured deposit account fees and investment product fee revenues. Other revenues include revenue from education services, miscellaneous securities brokerage fees and annuities. The company provides its clients with a range of channels to access its products and services. These include the Internet, the company’s network of retail branches, mobile trading applications, interactive voice response and registered representatives through telephone. Clearing Operations The company’s subsidiary, TD Ameritrade Clearing, Inc. (TDAC), provides clearing and execution services to TD Ameritrade, Inc., its introducing broker-dealer subsidiary. Clearing services include the confirmation, receipt, settlement, delivery and record-keeping functions involved in processing securities transactions. The company’s clearing broker-dealer subsidiary provides various back office functions, such as maintaining client accounts; extending credit in a margin account to the client; engaging in securities lending and borrowing transactions; settling securities transactions with clearinghouses, such as The Depository Trust & Clearing Corporation and The Options Clearing Corporation; settling commissions and transaction fees; preparing client trade confirmations and statements; performing designated cashiering functions, including the delivery and receipt of funds and securities to or from the client; possession, control and safeguarding of funds and securities in client accounts; processing cash sweep transactions to and from insured deposit accounts and money market mutual funds; transmitting tax accounting information to the client and to the applicable tax authority; and forwarding prospectuses, proxy materials and other shareholder information to clients. The company contracts with external providers for futures clearing. It also contracts with an external provider to facilitate foreign exchange trading for its clients. Strategy The key elements of the company’s strategy are to focus on brokerage services; provide a comprehensive long-term investor solution; maintain industry leadership and market share with active traders; provide RIAs with comprehensive brokerage and custody services supported by its robust integrated technology platform, customized personal service and practice management solutions; leverage its infrastructure to add incremental revenue; continue to differentiate the company’s offerings through innovative technologies and service enhancements; leverage the TD Ameritrade brand; and continue to evaluate opportunities for growth through acquisitions. Intellectual Property Rights The company’s trademarks include both its primary brand, TD Ameritrade, as well as brands for other products and services. Competition The company encounters direct competition from various other brokerage firms, many of which provide online brokerage services. These competitors include E*TRADE Financial Corporation; The Charles Schwab Corporation; Fidelity Investments; and Scottrade, Inc. The company e also encounters competition from established full-commission brokerage firms, such as Merrill Lynch and Morgan Stanley. Regulation The securities and futures industries are subject to extensive regulation under federal and state law. Broker-dealers are required to register with the U.S. Securities and Exchange Commission (SEC) and to be members of the Financial Industry Regulatory Authority (FINRA). The company’s subsidiary, TD Ameritrade Futures & Forex LLC (TDAFF), is registered with the Commodity Futures Trading Commission (CFTC) as a futures commission merchant and is a member of, and the corresponding services functions are regulated by, the National Futures Association. The company’s broker-dealer subsidi
td ameritrade holding corp
200 South 108th Avenue
Omaha, NE 68154
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