TD AMERITRADE Creates Senior Operating Committee

TD AMERITRADE Holding Corporation (NASDAQ:AMTD) today forms a Senior Operating Committee. This committee brings together key members of the TD AMERITRADE management team representing the core business units, as well as functional expertise from operations, technology, legal and finance, to serve as the leadership group for the organization. "We are confident that we have the right operational structure and a strong, experienced management team in place to continue delivering on our integration goals and long-term growth strategy,” said Joe Moglia, chief executive officer. "These changes enhance our ability to implement our client segmentation strategy by centralizing all client-facing groups.” Chris Armstrong has been appointed head of the Client Group. Armstrong, who most recently served as chief strategy officer, will lead all client-facing initiatives for the Company, including the retail and institutional businesses, marketing and sales, and the overall client experience. Randy MacDonald, chief operating officer, will retire from the Company on June 1, 2007, following the TD Waterhouse clearing conversion. The clearing conversion is a key milestone in finalizing the integration of the legacy Ameritrade and TD Waterhouse client bases, which is currently expected to be completed in May. MacDonald joined the Company in 2000 as chief financial officer and most recently served as chief operating officer. Internal and external opportunities will be explored in evaluating how to fill the position. Asiff Hirji will also be leaving the Company, effective April 1, 2007, to relocate his family to San Francisco and return to the private equity industry. Hirji joined the firm in 2003 as chief information officer and later served as chief operating officer before his appointment as president of the Client Group in 2006. The Senior Operating Committee replaces the Office of the Chief Executive and includes the heads of the following functional areas of leadership: Chris Armstrong, Client Group Jerry Bartlett, Chief Information Officer Tom Bradley, Institutional Services, RIA John Bunch, Retail Sales Bryce Engel, Chief Brokerage Operations Officer Wayne Ferbert, Business Development Laurine Garrity, Chief Marketing Officer Bill Gerber, Chief Financial Officer Dave Kelley, Retail Investor Group and Special Projects Ellen Koplow, General Counsel AMTD-G About TD AMERITRADE Holding Corporation TD AMERITRADE Holding Corporation, through its brokerage subsidiaries1, provides a dynamic balance of investment products and services that further the Independent Spirit of individual investors. Listed by Barron’s as the #1 Web-based broker and Forbes as one of America’s best big companies, the Company’s full spectrum of services include a leading active trader program and long-term investor solutions, including a national branch system, as well as relationships with one of the largest networks of independent registered investment advisors.2 The Company’s common stock trades under the ticker symbol AMTD. For more information, please visit www.amtd.com. Safe Harbor This document contains forward-looking statements within the meaning of the federal securities laws. We intend these forward-looking statements to be covered by the safe harbor provisions of the federal securities laws. In particular, any projections regarding our future revenues, expenses, earnings, capital expenditures, effective tax rates, client trading activity, accounts, stock price or anticipated benefits of the TD Waterhouse transaction, as well as the assumptions on which such expectations are based, and future operations are forward-looking statements. These statements reflect only our current expectations and are not guarantees of future performance or results. These statements involve risks, uncertainties and assumptions that could cause actual results or performance to differ materially from those contained in the forward-looking statements. These risks, uncertainties and assumptions include general economic and political conditions, interest rates, market fluctuations and changes in client trading activity, increased competition, systems failures and capacity constraints, ability to service debt obligations, integration associated with the TD Waterhouse transaction, realization of synergies from the TD Waterhouse transaction, regulatory and legal matters and uncertainties and other risk factors described in our latest Annual Report on Form 10-K, filed with the SEC and in our latest Quarterly Report on Form 10-Q. These forward-looking statements speak only as of the date on which the statements were made. We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise. 1 TD AMERITRADE, Inc., member NASD/SIPC, receives clearing and custodial services from Ameritrade, Inc., member NASD/SIPC, and National Investor Services Corporation (NISC), member NYSE/SIPC. TD AMERITRADE, Ameritrade and NISC are subsidiaries of TD AMERITRADE Holding Corporation. 2 "The Best Web-Based Broker” by Barron’s, 3/5/2007 based on Trade Experience, Trading Technology, Usability, Range of Offerings, Research Amenities, Portfolio Analysis & Reports, Customer Service & Access, and Costs. Barron’s is a registered trademark of Dow Jones, L.P.