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TD Ameritrade

Engaged Employer

TD Ameritrade

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Employee Review

  1. 2.0
    Current Employee

    Letter to the previous owner

    Oct 19, 2017 -  
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Rodger, I have dedicated enough years to our company to feel entitled to a comment.There are quite a few of us like me. Seems like at every manager meeting we would count the people by tenure and admire the loyalty. 5, 10, 15, 20 years of service. We were different, felt more like a family than a firm. We've been through a lot, we endured a lot. We stuck it out, hoping our hard work and transition to asset gathering would pay off. I can't imagine the health scare that prompted your decision to sell, but in the end, the payout belongs solely to you. You don't owe us a thing. You paid us a salary, we did the job. However, please understand the reason you are able to sell for $4 billion is not because of you. It is because of us, pushing through and making up for one bad decision after another. We pushed through when, in the middle of a financial meltdown you decided to open 150 more branches and kill bonuses by skyrocketing the fixed cost. We pushed through when you decided that technology is not worth investing in. We soldiered on when you continued to allow ineptness on the executive leadership team just because a person was with you from the beginning. Not a bad person per se, but no experience running a company of this size and too proud to admit it. We stayed when you finally hired a person to lead us and then fired them just as they were starting to turn us around. At the end, we dismantled the company as it was and rebuilt as a sales force for you. You yourself admitted it was not a job you could ever do. I remember you standing on a stage once, telling us about putting your trust into a person and not realizing until it's too late that they've had a knife in your back, twisting it slowly. That it is what it feels like right now. We will recover, probably never trusting another leader this much again. Most of us still do not know if people being severed or those with jobs are the winners. I really hope $4 billion will do for you what $3 billion could not.

    Cons

    For better or worse, everything has changed.

    94 people found this review helpful
  1. 5.0
    Current Employee

    Great opportunity

    Aug 12, 2022 - Trade Specialist 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Very great place to work all around love it!

    Cons

    None that I can think of other than it being a call center type job so it can get repetitive from time to time but they do a good job of trying to mix it up for you

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  2. 5.0
    Current Employee, more than 3 years

    Too Bad Charles Schwab Bought Them

    Aug 9, 2022 - Director, Workplace Strategy in Nashville, TN
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Culture Teamwork Trusting Benefits Bonus Structure

    Cons

    Lack of Advancement Chaotic Decision-Making Workforce sense of entitlement Legacy Operations

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