| Brief Excerpt: | ...Joel Jeffrey - Keefe, Bruyette & Woods - Analyst Good morning. Our first presenting company is TD Ameritrade, and I'd like to introduce Bill Gerber, CFO. Bill has been at TD Ameritrade since 1999. And prior to being appointed CFO in 2007, Bill served as Director of Finance, where we focused on the firm's M&A strategy. Originally founded in 1971, Ameritrade has historically been an industry leader in client trading activity. With last quarter's daily average revenue trades of $411,000, Ameritrade remains a leader in market share. Following the acquisition of TD Waterhouse Securities, Ameritrade's business became a much more even mix between trading revenues and asset-based revenues. As of last quarter, the firm generated 46% of its total net revenues from asset-based sources, which is down from about 60% in 2008, as the historically low interest rate environment has negatively impacted revenues. We'd expect asset-based revenues to pick up, again, as the Federal Reserve begins to increase...
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