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TD Ameritrade Index Investing Review


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Founded in 1975, TD Ameritrade is a Nebraska-based investment advisory and brokerage firm. The company offers online investment tools and several retail brokerage products, allowing clients the ability to invest in mutual funds, index funds, ETFs, and preferred stock, among others.
 
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TD Ameritrade Fund Characteristics

Fund Characteristics - 4.4 / 5

TD Ameritrade offers several investment products – from index mutual and exchange traded funds (ETFs), stocks and options, to more than 300 commission-free ETFs and mutual funds that are top rated by Morningstar. Like others in their league, the firm's index funds follow some of the major markets. The firm's site offers an ETF screener that allows investors to search by fund type or Morningstar rating – similar to others we’ve reviewed such as Fidelity and Charles Schwab. What’s particularly nice about this feature is that investors can specifically search just ETF index funds with a green tag symbol next to the name of each fund to signal it is commission-free. This feature also gives clients easy access to the fund’s prospectus. Similarly, the company offers a mutual fund screener that offers the same features. Another aspect we liked about TD’s fund search is investors have an option to select and search socially responsible funds.
Types of Index Funds Offered
S&P 500
Russell 3000
MSCI
Other
Minimum Investment
No minimum to open an account but a $2,000 deposit is required to be considered for margin and options privileges.

TD Ameritrade Fees

Fees - 4.4 / 5

TD Ameritrade offers hundreds of commission free ETFs and mutual funds, but the standard commission fee per online equity trade is $6.95, which is slightly higher than some of the other firms we've reviewed. It should be noted that the commission-free ETF short-term trading fee is $13.90 while the company’s short-term redemption fee on mutual funds is $49.99. This is not an usual fee, as several other firms charge a similar short-term trading fee. Other fees associated with investing may apply and expense ratios may vary. As such, we always encourage investors to perform their own thorough research before choosing an investment product.
Trade Fees
$6.95 commission fee per online equity trade

TD Ameritrade Financial Strength

Financial Strength - 4.4 / 5

TD Ameritrade has a strong financial outlook. Since opening in 1975, the company has grown to service more than 11 million client accounts and has $1.3 trillion in client assets.
Moody's Financial Rating
A2

TD Ameritrade Reputation, Service, and Communication

Reputation, Service, and Communication - 4.4 / 5

TD Ameritrade enjoys excellent customer service ratings and a reputation as industry leader. The company currently holds an A2 grade from Moody’s and also has a good reputation for its customer service, having received an A+ from the Better Business Bureau. Clients can enjoy the ease of around-the-clock online or phone customer assistance, but also the ability to visit one of its hundreds of branches nationwide. TD Ameritrade is also Securities Investor Protection Corporation (SIPC) insured. We continue to recommend that customers do their own research before choosing an investment product.
# of FINRA Regulatory Events
70
# of FINRA Civil Events
1
# of FINRA Arbitrations
116
Consumer Financial Protection Board (CFPB) Complaints
2
Customer Support Hours
24/7
Modes of Communication
Phone
Chat
Email
Branch

Company Profile

Full Name
TD Ameritrade Index Investing
Company Website
https://www.tdameritrade.com
Headquarters
200 South 108th Avenue, Omaha, NE, 68154

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Top Rated
  • Seven index fund alternatives
  • Indexes mirroring the S&P 500, Russells, MSCIs, and many more
  • Detailed performance statistics and portfolio overviews
  • Low $2500 starting investment on all regular index fund accounts
  • Strong financial strength and outlook
  • Rated A+ by the BBB
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