TD Ameritrade Holding at CLSA AsiaUSA Forum Conference Call Transcript
TD Ameritrade Holding Corporation ( AMTD ) CLSA AsiaUSA Forum Conference Call November 9, 2011 1:30 PM ET
Matthew Fischer – CLSA Asia-Pacific Markets
Good morning, I’m Matt Fischer, CLSA’s U.S. Brokerage Analyst. It's my pleasure to welcome back TD Ameritrade’s CFO, Bill Gerber to our AsiaUSA Forum. Once again, Bill is accompanied by Bill Murray, TD Ameritrade’s Head of Investor Relations. Bill Gerber has been with TD Ameritrade since ’99, and CFO since 2006. Bill oversaw 10 acquisitions over the past decade, and was a major force in transforming TD Ameritrade from primarily an online platform to execute trades to a more full-service platform that includes multiple investment products and distribution channels.
I think the most compelling number that you will see in Bill’s presentation is 12%. This is TD Ameritrade’s organic growth in client assets, and is more than double that of their competitors. Hopefully, Bill can touch on, how they’re able to achieve this growth, and how it helps to drive EPS growth and industry leading pre-tax margins.
With that I think, that’s all enough of your time, and I’ll hand it over to Bill Gerber.
William J. Gerber
Thanks, Matt, and thanks to CLSA for inviting us back. Sometimes after introductions like that, you just want to say thank you, and I’ll take questions. We do have a lot to talk about, we have had several good years, and I think that as we go through this, you will understand a little bit more about the excitement that we have relative to the next few years at Ameritrade.
Bill Murray as Matt said, works with me and incharge of Investor Relations. And certainly, we can wait to the Q&A at the end, but it’s also fun if it’s a little more interactive. So if you have something that you don’t understand, right at the time we can go from there.
The Safe Harbor basically, as I’ve said may be a couple of other occasions, we could boil this down that the future is inherently uncertain, and there is – we’ll just leave it with that, I always like thank our legal team for participating. Our mission; what are we trying to do? We have a couple of key words in here that I think are indicative of what the mission is, that the TD Ameritrade is trying to do. The key word here being better, better implying that we’re never satisfied, we are trying to be a better firm, we’re not going to rest on our laurels, we are going to continue to go forward.
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