TD Ameritrade Holding Corp. reported net income of $586 million for its fiscal year ended Sept. 30, a nine percent decrease compared to net income of $638 million for fiscal 2011.
The company also posted net revenues of $2.6 billion an eight percent decrease compared to revenues of $2.8 billion last year. The company also reported $1.06 per diluted share compare to $1.11 per diluted share last year.
For its fourth quarter ended Sept. 30, TD Ameritrade reported net income of $143 million, or $0.26 per diluted share, an eight percent decline compared to net income of $154 million, or $0.28 per diluted share, for the same quarter last year.
TD Ameritrade for the quarter recorded net revenues of $647 million, a three percent decline compared to revenues of $667 million for the same quarter last year.
The company also declared a $0.06 per share quarterly cash dividend, flat with the previous quarter's dividend. The dividend is payable on Nov. 23, 2012 to all holders of record of common stock as of Nov. 9.
The company also reported average client trades per day of approximately 360,000, an activity rate of 6.3 percent. In addition, officials reported net new client assets of $41 billion, an annual growth rate of 11 percent of beginning client assets.
TD Ameritrade also reported it had acquired $41 billion of net new client assets, maintaining double-digit net new client asset growth rate for the 4th consecutive year.
In other news, TD Ameritrade Institutional reported that it had attracted 441 breakaway brokers to its platform for independent registered investment advisors in fiscal 2012, a 27 percent increase over the number it attracted in fiscal 2011.