Tomczyk

On the call, Mr. Tomczyk said the online brokerage is averaging 387,000 client trades per day so far in April.

TD Ameritrade Quarterly Profit Up 5.6% Brett Philbin 2011

Mr. Tomczyk said the company's growth there "isn't due to any one thing," explaining that an expanded salesforce, adding new products on its website, and restructuring its call-center operations all helped to change its business model from focusing on the active trader to one that also caters to long-term investors.

TD Ameritrade Quarterly Profit Up 5.6% Brett Philbin 2011

During a conference call with analysts, TD Ameritrade Chief Executive Fred Tomczyk said that the one thing the markets do not like is uncertainty.

TD Ameritrade Profit Slips 12% Brett Philbin 2011

"With everything from lower unemployment to rising oil prices and international concerns in the Middle East and Japan, there was an increase in actual and implied volatility, which our trading clients took advantage of," said Chief Executive Fred Tomczyk during a conference call with analysts.

TD Ameritrade Quarterly Profit Up 5.6% Brett Philbin 2011

So they not willing to make a long bet, Mr. Tomczyk said in an interview.

TD Ameritrade Profit Slips 12% Brett Philbin 2011

While trading volumes typically fall as investors go on vacation during the summer, Mr. Tomczyk said, a slowdown "started early this year" with concerns over a weak U.S. economy, the European debt crisis and negotiations in Washington over raising the debt ceiling.

TD Ameritrade Profit Slips 12% Brett Philbin 2011

The company will slow its spending while still investing strategically on advertising and technology where it "deems necessary," Mr. Tomczyk said.

TD Ameritrade Profit Jumps; Outlook Tinged With Caution Brett Philbin 2011

In an interview, Mr. Tomczyk said the new assets are coming from everywhere, whether its from full-service brokers or, in certain cases, peers.

TD Ameritrade Profit Jumps; Outlook Tinged With Caution Brett Philbin 2011

We have continued gridlock in Washington with the 2012 presidential race looming before us, adding to consumer and investor uncertainty, Ameritrade Chief Executive Fred Tomczyk said during a conference call.

TD Ameritrade Profit Jumps; Outlook Tinged With Caution Brett Philbin 2011

On the call, Mr. Tomczyk said Ameritrade added 95 breakaway brokers, or financial advisers who chose to go independent and use the company's custodial services, during the second quarter.

TD Ameritrade Quarterly Profit Up 5.6% Brett Philbin 2011