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TD Ameritrade Feels Primed to Compete with Rivals Like Robinhood

TD Ameritrade President and CEO Tim Hockey said the company feels primed to compete with millennial-focused investment products, like Robinhood, because it's already deep inside millennial pockets ー and more join the platform all the time. "We ourselves had a free offering many, many years ago," Hockey told Cheddar on Wednesday. "In our case we have a much more sophisticated trading platform, technology platform, education platform, and we are growing at a very happy rate, so we are quite confident in our offering." But along with younger investors comes inexperience ー and Hockey said that had a noticeable impact on investor sentiment last quarter. (Credit: CHEDDAR)

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