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Preparing to appear before Senate subcommittee, TD Ameritrade discloses order-routing revenue

The company made $236 million in revenue sharing in 2013

Author Brooke Southall June 13, 2014 at 5:25 PM
no description available
Fred Tomczyk: Many market destinations are in the business of making markets. They provide liquidity, and revenue sharing is part of their business model.

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See more related moves

Mentioned in this article:

TD Ameritrade
Asset Custodian
Top Executive: Tom Nally

Bill Winterberg

Bill Winterberg

June 13, 2014 — 6:03 PM

I’m pleased see that this information is being disclosed by TD Ameritrade Holding Corporation.

From a technology perspective, financial advisors have more options today than ever before to seek bid/ask quotes in real time and route trade orders accordingly to market destinations.

This technology helps registered advisors better satisfy their best execution obligation to their investor clients.

Nevertheless, institutions often do assess “trade-away fees” that were highlighted here at RIABiz in November 2013. Advisors must carefully consider the necessity and/or purpose of the trade-away fees charged by institutions.


The war aggainst the savers and working people

The war aggainst the savers and working people

June 14, 2014 — 1:16 AM

Ouch, looks like Schwab will get clipped next. All these brokers are too rich, and should not be getting paid for access.

The war aggainst the savers and working people

The war aggainst the savers and working people

June 14, 2014 — 1:19 AM

The system is flexible and whoever bribes the most wins our orders!

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