Joe Moglia Quotations

We've been able to do all those things in one of the most difficult markets in history, ... If that's what we are able to do in tough times think what will happen when the tide turns.

We really fit together very very nicely, like a hand into a glove,

Online stock trades are $9.99 - period - no strings attached. This is only part of the value proposition, though. From trading tools to investment planning, clients can tailor the level of service that fits their needs. As we develop these new offerings, we believe we have a unique opportunity to leverage the core strengths that made us a leader with active traders and apply those to the long-term investor and advisor segments.

Positive economic indicators have invigorated individual investors' interest and confidence in the markets, causing trading activity to exceed our expectations. This, along with increased client balances and their resulting yields, has helped us achieve what we expect to be a record quarter.

It is going to take us 18 months to do the integration, but if the right opportunity came we could do it tomorrow.

Last month we announced the largest reorganization in our company's history. This acquisition reflects our aggressive focus on growth and profitability,

We have the challenge of an 18 month integration to go through and when we look at our assumptions it's wise to be more reasonable with regard to those assumptions than more aggressive. The real key to the success of this integration is what we are going to look like after we complete it in the September quarter of 2007.

We are looking at other opportunities, ... If it makes sense for clients and shareholders, then it's something we want to do.

Our shareholders' support for this transaction represents their affirmation of the financial and strategic value of this deal. Shareholders will receive one of the largest dividends paid in U.S. history. Our clients will benefit from a full spectrum of offerings, covering everything from a do-it-yourself online experience to branches and advisors for investors who want more help.

This guidance is not only higher than Ameritrade stand-alone, but TD Ameritrade will have a more diversified, less volatile revenue stream.

TD Ameritrade gives us financial strength, accelerates our growth strategy and enhances our position as a leading industry player.

The investor needs to take responsibility for himself. If his goals have changed, if his risk tolerance has changed, nobody knows that better than the individual.

Ameritrade has again delivered strong results, illustrated by record net revenues and excellent pre-tax margins. We would have had a record quarter if you adjusted the days to our last quarter and excluded the impact of Knight. Moving forward, we expect to continue leveraging our low-cost platform and producing superior financial returns for TD Ameritrade shareholders.