Introduction:
For more than 30 years, Larry Mikell has played a significant role in TD Ameritrade. He began his career as a financial consultant in 1990 and worked his way up to become the President of Retail Distribution, where he was in charge of 364 branch offices and more than 8,000 workers nationwide. This blog post will examine Larry Mikell's impressive career and the contribution he has made to TD Ameritrade.
Early Career and Ascendance to Leadership:
In 1990, Larry Mikell started working in the financial sector as a financial consultant at TD Ameritrade. He advanced fast through the ranks, assuming positions like Regional Manager and Branch Manager. Due to his performance in these positions, he was elevated to the position of managing director of retail sales in 2003. He handled the retail division's sales and marketing initiatives in this capacity, which contributed to the expansion of the business's clientele and revenue.
Leading in Difficult Times:
The 2008 financial crisis was a test for Larry Mikell's management skills. He was instrumental in helping TD Ameritrade weather the storm in his capacity as managing director of retail sales. In addition to developing cost-saving strategies to support the company's continued profitability, he collaborated with his team to develop new products and services to satisfy the evolving needs of customers. Mikell's leadership throughout this trying time contributed to TD Ameritrade's status as a top brokerage house in the sector.
President of Retail Distribution:
In 2013, Larry Mikell was promoted to President of Retail Distribution, overseeing more than 8,000 employees and 364 branch offices across the United States. In this role, he was responsible for the growth and success of TD Ameritrade's retail division, which generated over $2 billion in revenue in 2020. Under Mikell's leadership, TD Ameritrade has continued to innovate and expand its offerings, including the launch of its commission-free trading platform, which has been a major success with customers.
Commitment to Diversity and Inclusion:
Throughout his career at TD Ameritrade, Larry Mikell has been committed to promoting diversity and inclusion. He has been a vocal advocate for increasing diversity in the financial industry, and has worked to create opportunities for underrepresented groups. Under his leadership, TD Ameritrade has made significant progress in this area, with more than 40% of its employees being women and minorities.
Legacy and Future:
Larry Mikell's legacy at TD Ameritrade is one of leadership, innovation, and commitment to excellence. Throughout his career, he has played a pivotal role in the company's growth and success, and has helped to shape the financial industry as a whole. As he prepares to retire in 2023, TD Ameritrade will continue to build on the foundation he has laid, and strive to innovate and grow in an ever-changing industry.
Conclusion:
Larry Mikell's remarkable career at TD Ameritrade is a testament to his leadership, vision, and dedication to excellence. From his early days as a financial consultant to his current role as President of Retail Distribution, Mikell has played a critical role in the success of TD Ameritrade. His commitment to diversity and inclusion, as well as his ability to navigate challenging times, has helped to make TD Ameritrade one of the most respected and successful brokerage firms in the industry. As he prepares to retire, his legacy will continue to inspire and guide future generations of leaders in the financial industry.
Frequently Asked Questions and Answers
Q: Who is Larry Mikell?
A: Larry Mikell is a key figure at TD Ameritrade, where he has worked for over 30 years. He started as a financial consultant in 1990 and has risen through the ranks to become the President of Retail Distribution, overseeing more than 8,000 employees and 364 branch offices across the United States.
Q: What roles has Larry Mikell held at TD Ameritrade?
A: Larry Mikell has held several roles at TD Ameritrade, including financial consultant, Branch Manager, Regional Manager, and Managing Director of Retail Sales. He is currently the President of Retail Distribution.
Q: How did Larry Mikell rise to leadership at TD Ameritrade?
A: Larry Mikell rose to leadership at TD Ameritrade through his hard work, dedication, and success in his previous roles. His success as a financial consultant and Branch Manager led to him being promoted to higher positions within the company.
Q: What was Larry Mikell's role during the 2008 financial crisis?
A: Larry Mikell was the Managing Director of Retail Sales during the 2008 financial crisis. He played a critical role in helping TD Ameritrade weather the storm by working with his team to develop new products and services to meet the changing needs of customers, while also implementing cost-saving measures to help the company remain profitable.
Q: What impact has Larry Mikell had at TD Ameritrade?
A: Larry Mikell has had a significant impact at TD Ameritrade, helping to grow the company's customer base and increase its revenue through his leadership and innovative strategies. His leadership during the 2008 financial crisis helped to solidify TD Ameritrade's position as one of the leading brokerage firms in the industry.
Q: When is Larry Mikell retiring?
A: Larry Mikell is set to retire in 2023, after over 30 years at TD Ameritrade.