TD Ameritrade Witnessed Rise in Fee-Based Revenues
Investment product fees
TD Ameritrade Holding (AMTD) witnessed a substantial rise in its investment product fee-related revenues in fiscal 3Q17 compared to fiscal 3Q16. In 3Q17, those revenues were $112.0 million compared to $96.0 million in 3Q16, thus reflecting a rise of 17.0%.
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Investment product fee-related revenues also contributed to TD Ameritrade’s total asset-based revenues. In fiscal 3Q17, those revenues were $573.0 million compared to $473.0 million in fiscal 3Q16, which reflects a rise of 21.0%.
From fiscal 1Q17 through fiscal 3Q17, the company managed to generate investment product fee-related revenues of $309.0 million. From fiscal 1Q16 through fiscal 3Q16, they were $276.0 million.