TD Ameritrade Reviews

Updated September 1, 2015
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3.6
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Recommend to a friend
Approve of CEO
TD Ameritrade President, CEO & Director Fred Tomczyk
Fred Tomczyk
234 Ratings

Pros
  • Work-life balance is good if you want to leave the office promptly at 5 (in 21 reviews)

  • Great benefits outside of salary (in 17 reviews)

Cons
  • Technical side upper management doesn't always know what is going on (in 13 reviews)

  • In our department (Coaching) you are not conservative you might be looked down upon by middle management (in 9 reviews)

More Pros and Cons

426 Employee Reviews

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  1. Team Manager, Retail Trading

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Chicago, IL
    Former Employee - Anonymous Employee in Chicago, IL
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at TD Ameritrade (More than 5 years)

    Pros

    Excellent focus on Professional Development, Associate empowerment, and Manager Effectiveness. Strong Core Values and Vision that everyone strives to achieve on a daily basis.

    Cons

    Work/Life balance can be difficult if you want to stand out and get ahead of the pack.


  2. Helpful (1)

    Low-stress, low-risk, low-reward

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Analyst in Fort Worth, TX
    Former Employee - Senior Analyst in Fort Worth, TX
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at TD Ameritrade full-time (More than a year)

    Pros

    - Great work/life balance - Fantastic learning and personal development potential - Industry certifications and licenses paid for, time ear-marked for training and studying - Good work culture, employee morale

    Cons

    - Less than competitive pay (low base, average bonus/incentive) - Non merit-based promotions and advancement - Pay increases and promotions are minute and inconsequential - Somewhat of a "worker-bee" mentality at the Sr. Manager level and down

    Advice to Management

    Landing top talent that will take many departments to the "next level" requires commensurate compensation. A single top-performing employee will produce and contribute twice what an under-paid, under-qualified worker will.


  3. TDA is a great place to work!

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Omaha, NE
    Former Employee - Anonymous Employee in Omaha, NE
    Recommends

    Pros

    TD Ameritrade is very innovative, they have a great culture, benefits and the people are wonderful. It's a competitive environment that challenges you to be better every day.

    Cons

    Subject to layoffs. Difficult to move within firm without industry licenses.


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  5. TDA is headed to the top! Future growth & major player in financial services

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Fixed Income Specialist in Jersey City, NJ
    Current Employee - Fixed Income Specialist in Jersey City, NJ
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at TD Ameritrade full-time (More than 3 years)

    Pros

    - Don't listen to people, there is minimal stress here. Unless your a lackey or a loser....real men & women in financial services don't get stressed out here!! - Great company, they WILL pay to retain top talent. If your in a financial sales dept they will pay for performance and run many contests where you can earn substantially more on top of your salary. - Heading into full wealth management (slowly) to add more value for clients and the firm - Great culture and work life balance

    Cons

    - PTO has to be accrued and used as earned and you don't get a "bank" of PTO - TDA is not a serious competitor to major firms such as Morgan, JP, Goldman, etc. - the firm lacks a capital markets desk, investment research or investment banking, which can add tremendous value and revenue.

    Advice to Management

    - Keep up the great work - focus a bit more on wealth management actively - Continue to pay and retain top talent - Add more research, expand research desk, hire sector analysts and expand into investment banking & capital markets to diversify revenue streams to stop relying on commissions on stocks bonds and Amerivest fees


  6. Helpful (2)

    so true about post with " Be Realistic "

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Consultant in New York, NY
    Former Employee - Investment Consultant in New York, NY
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at TD Ameritrade (More than 5 years)

    Pros

    get a book of people to call. and call you will ! management only looks at #'s. they will tell you to your face that relationships matters but it does not. good for people who lack selling skills and not able build relationships quickly. get a salary , ( can not survive with that only ) and quarterly bonuses.

    Cons

    Zero Growth ! , by the time you figure out their systems you will be burn out. behind other competitors in platforms, systems, and solutions.


  7. Helpful (2)

    Be Realistic - a great discount broker with a solid list of offerings, not much more than that.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Consultant in New York, NY
    Former Employee - Investment Consultant in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at TD Ameritrade full-time (More than 3 years)

    Pros

    Opportunity to grow professionally, while being assigned a book of clients, base salary and quarterly bonus potential is very high. It's normal to make around 100k, and not unusual to make well over that amount. While not the biggest company in terms of people, the revenue is on par with competitors 3-4 times the size in manpower.

    Cons

    Company tends to outsource everything, their managed portfolios are Morningstar strategies, and the assets are simply custodied by Ameriverst. it's not TD Ameritrade's idea. When clients feel a need for financial planning, estate planning, or money manangers, it's provided through the network of outside independent Registered Inverstment Advisory firms, again, the clearing firm, or custodian of the assets will be Ameritrade. The company simply wants to generate revenues from fees and commissions. Has no interest in being the source of investing ideas. Because of this, professional development will be limited. After 1-3 years an an Investment Consultant selling the Morningstar stragies and setting appointments for outside IRAs, one should really be looking at the next level firms. Staying longer than that, speaks for itself. Would you stay in college forever or graduate eventually? The longer a person stays, what does that say?

    Advice to Management

    If you want to constantly get better and be a great firm, then consider this: Really put the clients first, not just recite a mantra. If you are really putting clients first, ultimately you will have to provide more for your employees and empower them. That is how you will attract great people, help them grow, then retain them. That is, if you are actually interested in that one day.


  8. It's Only OK

    Current Employee - Amerivest Specialist in Fort Worth, TX
    Current Employee - Amerivest Specialist in Fort Worth, TX

    I have been working at TD Ameritrade full-time

    Pros

    Consistent pay, don't need to have finance background to start at the bottom. Company is very laid back.

    Cons

    No real growth opportunities, upper management is dense and isn't open to change. Raises are basically non-existent.

    Advice to Management

    Listen to the feedback you get from employees, associate engagement survey at all time low, fix it.


  9. Investment Consultant

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    coworkers, team environment, and trading platforms

    Cons

    lack of planning tools and backoffice disconnect

    Advice to Management

    keep improving


  10. Client Service Associate

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Client Service Associate in Arlington, TX
    Former Employee - Client Service Associate in Arlington, TX
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at TD Ameritrade full-time (Less than a year)

    Pros

    Good place to work at

    Cons

    will be hired as a temp first


  11. NCDG

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Omaha, NE
    Current Employee - Anonymous Employee in Omaha, NE
    Recommends
    Positive Outlook

    I have been working at TD Ameritrade full-time (More than 5 years)

    Pros

    Great place to start career.

    Cons

    Easy to get complacent. Can feel like a cog in machine.

    Advice to Management

    You have a lot of talent. Don't be afraid to maximize it.



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