Comp and circumstance: TD's Bradley gets big boost in total pay

Custody unit boss receives 35% hike, as brokerage's management delivers in 'difficult operating conditions'
DEC 23, 2011
Despite a challenging environment, TD Ameritrade's top executives made out fine in 2011. Fred Tomczyk, TD Ameritrade Holding Corp.'s chief executive, was paid $5,977,528 in total compensation for the fiscal year ended in September. That was up slightly from the $5,971,666 Mr. Tomczyk received in the prior period. Meanwhile, Tom Bradley, head of the firm's TD Ameritrade Institutional custody unit, enjoyed a 35% pay increase, pulling down $2,430,615 last year, compared with the $1,796,500 in compensation he received in fiscal 2010. The company's total pay figures, disclosed in a proxy statement filed yesterday with the Securities and Exchange Commission, include both cash compensation and stock awards. "Management was rewarded in fiscal year 2011 for successfully executing on the company's business strategy, which, in the face of extremely difficult operating conditions, resulted in record net new client assets," the company said. TD Ameritrade attracted net new client assets of $41.5 billion in fiscal 2011, up from $33.9 billion in 2010 and $26.6 billion in 2009. Client assets totaled approximately $379 billion as of Sept. 30. TD Ameritrade does not break out separate results from its custody business, but the firm's RIAs contribute about a third of the company's total assets.

Latest News

Fiduciary failure: Ex-advisor who sold practice fined after clients lost millions
Fiduciary failure: Ex-advisor who sold practice fined after clients lost millions

A former Alabama investment advisor and ex-Kestra rep has been permanently barred and penalized after clients he promised to protect got caught in a $2.6 million fraud.

Why the evolution of ETFs is changing the due diligence equation
Why the evolution of ETFs is changing the due diligence equation

As more active strategies get packaged into the ETF wrapper, advisors and investors have to look beyond expense ratios as the benchmark for value.

Most asset managers are using AI, but few let it call the shots
Most asset managers are using AI, but few let it call the shots

Survey finds AI widely embedded in research and analysis, but barely touching portfolio construction or trade execution.

LPL, Raymond James score fresh recruits in advisor recruiting battle
LPL, Raymond James score fresh recruits in advisor recruiting battle

Two firms land teams managing more than $1.1 billion in combined assets from Kestra and Edward Jones.

Edward Jones facing more race bias claims in new lawsuit
Edward Jones facing more race bias claims in new lawsuit

A private partnership, Edward Jones is a giant in the retail brokerage industry with more than 20,000 financial advisors.

SPONSORED Are hedge funds the missing ingredient?

Wellington explores how multi strategy hedge funds may enhance diversification

SPONSORED Beyond wealth management: Why the future of advice is becoming more human

As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management