Fred Tomczyk is a more than 25-year veteran of the financial services industry with extensive expertise in wealth management, insurance and banking and has been a guiding force in TD Ameritrade’s evolution to be the better investment firm for today’s investor.
His strategy for the company is threefold: maintain a leadership position in the trading business, continue to grow as a premier asset gatherer and capitalize on additional opportunities to strengthen the firm for the benefit of its associates, clients and shareholders.
Tomczyk has served as president and chief executive officer of the company since October 2008. Over that time, the company has delivered four consecutive years of double-digit annualized net new client asset growth, maintained a strong leadership position in trading, grown total client assets to more than $600 billion, and held earnings stable in the face of ongoing net interest margin compression – all while maintaining a clean balance sheet and a strong overall financial position. Since the start of the financial crisis in 2007, TD Ameritrade has gone from non-investment grade to investment grade (bond rating) after receiving three credit rating upgrades, including a four notch upgrade in 2009.
Tomczyk previously served as a member of the TD Ameritrade board of directors from January 2006 until June 2007, when he accepted the role of chief operating officer at the company, responsible for all operations, technology, retail sales functions and the independent registered investment advisor channel. He remained in that role until he became president and chief executive officer and re-joined the board of directors in October 2008.
From May 2002 until joining TD Ameritrade in 2007, Tomczyk served as the vice chair of corporate operations for TD Bank Group (“TD”). From March 2001 until May 2002, he served as executive vice president of retail distribution for TD Canada Trust (a wholly-owned subsidiary of TD), and from September 2000 until March 2001 he served as executive vice president and later as president and chief executive officer of wealth management for TD Bank. Prior to joining TD Bank, he was president and chief executive officer of London Life.
Tomczyk serves on Cornell University’s undergraduate business program advisory council. He received a bachelor’s degree in applied economic and business management from Cornell University with a Bachelor of Science and subsequently obtained his Chartered Accountant designation. In 2006, he was elected as a Fellow of the Institute of Chartered Accountants of Ontario.