Comments on: A Little Disappointed with TD Ameritrade

By: Steve

Steve — Sun, 19 Apr 2009 02:04:22 +0000

Yes at TD Ameritrade they have sells consultants. I worked there for 2 years and was recently laid off. For there phone associates they have what are called B.L.R.s. The goal is to find outside money that clients have outside of TD Ameritrade. You will have an associate on the phone when you call ask you if you would like advice or to speak with an Investment Consultant or like to receive guidance and what not. Sounds good right? Well, the associates can not submit the lead unless the client has atleast $25,000 in outside assets. So if you talk to them and want those services but do not have $25,000 then you will not get any of it because the associate can not submit the lead and if they do and its under thr $25,000 the associate will get in trouble. Seriously no lie!!! If the client has $25,000 and agrees to the phone call the associate gets paid $7.50 and if the client brings over the outside money this is considered a conversion for the associate and receives an additional $60. They do not get paid this until the end of the quarter. But if you do not have $25,000 you are worthless to them and thats why they stop telling you all the great things TD Ameritrade can do and has to offer because the associate wont get paid if its under $25,000. If a client brings over $25,000 or $100 Million the associate still only get the $7.50 plus the $60 if it converts. Its a very fluad system and they make it part of the associates bonuses. So if you do not have more than $25,000 at TD Ameritrade or outside of TD Ameritrade you are considered worthless. You mean nothing. Seriously. They preach it there. Yes TD Ameritrade sucks. They do not care about you if you are a small timer. They eat you up.

By: Jon Kepler

Jon Kepler — Sun, 07 Dec 2008 05:10:19 +0000

100 free trades, huh? I’ll keep that in mind if I ever find the site down.

By: ANONYMOUS

ANONYMOUS — Sun, 07 Dec 2008 03:37:56 +0000

“I used to work for these bastards and can tell you that they are DESIGNED for ‘PISS-POOR service. “If they are down, do not call the toll-free number…call the local Ft. Worth, Texas phones and ask for at least 100 free trades! Don’t bother with a stockbroker who can only give you 5 free trades…ask for a MANAGER..”Here…I will HELP YOU OUT…ask for ‘Jason Cargill, Josh Monaco, Paul Thurston, Brian ‘BULLFROG’ Daniel, David Hendershott, Yo-Hann Onnen, John Ehlers, Tina McMillan or Thuy Van Quah!” “Former employment CUTS BOTH WAYS, YOU G-DDAMNED MORONS!”

By: Jon Kepler

Jon Kepler — Sun, 19 Oct 2008 21:45:06 +0000

I think it’s crazy that you’d consider leaving over how one employee treated you. Why not look at the company culture as a whole? Have you ever typed “Joe Moglia” into a search engine before? TD Ameritrade is one of the best, if not THE best.

Also, as for that guy losing $50k, there must be more to the story. If he couldn’t log in, why wouldn’t he just complete the transaction over the phone?

By: Jane

Jane — Tue, 14 Oct 2008 18:24:30 +0000

That’s really surprising. At this time, you’d think they’d be happy to get people investing with their firm – no matter the dollar amount.

By: No Debt Plan

No Debt Plan — Mon, 13 Oct 2008 18:06:40 +0000

That makes me “laugh out loud” … I bet the rep gets paid a commission of assets and it was worth more of his time to go find someone else, or something ridiculous like that.

By: Paul

Paul — Mon, 13 Oct 2008 16:57:17 +0000

Even though I am from Singapore, I still think this is way too atrocious. If i ever move to US, you betcha they would have one customer less.

I mean, i think they have lost a lot more than you as a customer too.

gosh..

By: MoneyNing

MoneyNing — Mon, 13 Oct 2008 16:02:45 +0000

Simon: He is definitely responsible but I’m not really in the mood to spend anymore time on this company.

Good luck to that person and the brokerage firm in the future.

By: Simon Z

Simon Z — Mon, 13 Oct 2008 15:56:29 +0000

Wow, $8000 is too little??

Scottrade, another brokerage, called me 5 times over the course of 3 days for my account opening with $500.

It is true that the amount one chooses to invest is irrelevant to their ability to invest.

The TD Ameritrade rep should be fired for his actions. Get his name through the company phone record and report his a$$. He’s responsible for lost business.