TD AMERITRADE Crosses $500 Billion Mark

By Eric Volkman – Mar 11, 2013 at 4:40PM

NASDAQ: AMTD

TD Ameritrade

The brokerage now boasts half a trillion dollars in client assets.

Client assets at TD AMERITRADE (AMTD) have exceeded $500 billion for the first time in the company's history. In its latest set of monthly metrics, the company revealed that the figure came in at $502.5 billion as of Feb. 28. This was a 14% increase over the same month the previous year, and 1% higher than January's number.

TD AMERTRADE quoted CEO Fred Tomczyk as saying that this happened chiefly because the company "implemented a new sales and service model, delivered new products and invested in marketing and technology to improve the investing experience for our clients."

Fool contributor Eric Volkman owns shares of TD AMERITRADE. The Motley Fool recommends TD AMERITRADE. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.