The Omaha discount brokerage company, which has 3 million accounts, also said that its average daily trading volume in July was 161,000.
Ameritrade's profits have improved as retail investors have returned to the equity markets. On July 22, it reported that its earnings for its fiscal third quarter, which ended June 30, jumped sevenfold from its total for all of last year, to a record $49.9 million.
Advisor360° names former MassMutual exec Mike Fanning as its new CEO
Caz Craffy admitted to taking nearly $10 million entrusted to him by Gold Star families and using it for excessive trades through outside brokerage firms.
The number of experienced financial advisor recruits fell in the first quarter, but Ameriprise's overall headcount and its profits are on the rise.
Opponents haven't stated publicly that they will file a lawsuit, but one will almost certainly challenge the Biden administration's expansion of the fiduciary duty.
Few U.S. adults have done any estate planning. Even fewer have done so for their pets. Advisors can help them get started.
Fidelity launched a new hub aimed at helping advisors who said they're struggling to grow organically. The move comes as LPL Financial and BlackRock launched similar hubs this year.
