TD Ameritrade Holding Corp said Tuesday fiscal third-quarter profit increased 5%, to $179.4 million, or 30 cents per share, from a year earlier as trading volume increased.

The Omaha company said for the period ended June 30 revenue increase 13%, to $691.8 million.

Fred Tomczyk, TD Ameritrade's president and chief executive, said in a press release that "record trading and continued strong asset-gathering" drove the its strong results.

Average daily client trades increased 5.4%, to 413,000 from a year earlier. Client assets under management increased 22%, to $323.8 billion.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.