TD Bank 2007 Annual Report Download - page 8

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TD BANK FINANCIAL GROUP ANNUAL REPORT 2007 TDBFG Stories4
Investing in our Future
TD is a growth company. Our leaders are focused on
meeting short-term performance targets while also
making investments that will ensure TD can grow in
the years to come.
Becoming a North American
Powerhouse
TD’s U.S. expansion plans led to a busy 2007. We took our ownership
of TD Banknorth up to 100% and saw the successful transition of
TD Waterhouse USA clients to the TD Ameritrade platform. We also
announced our intention to acquire Commerce Bancorp, Inc., which
combined with TD Banknorth and TD Canada Trust, would give TD
over 2,000 branches and almost one quarter of a trillion dollars in retail
deposits – the rst bank with critical mass in both Canada and the U.S.
$68 million +
Invested in our
Employees
Investing in our employees’
learning and development is one
of the ways TD strives to be a
great place to work. In 2007, we
spent over $68 million on helping
our people gain valuable training
and experience to achieve their
career goals.
A Growing Wealth of
Experience
A rm believer in the power of
reinvestment, TD’s Canadian
Wealth Management business has
more than tripled earnings since
2002. They continued to grow
their network by adding 139
customer-facing advisors in 2007,
further strengthening the #1
discount brokerage and #2 mutual
fund businesses in Canada.
A Top Three Dealer
in Canada
2007 was a terric year for TD’s
Wholesale Bank with earnings up
24%. At the same time, TD
Securities continued to gain
recognition as an industry leader
through some high prole
underwriting deals. They were
also supported by a 20% increase
in invested capital. All this
momentum is helping solidify
their position as a top 3 dealer
in Canada.
A Leader in Convenience and Service
Opening more branches and adding more customer facing
employees is critical to TD’s future success. TD Canada Trust
added 38 new branches this year, including our 100th in
Quebec. Over the past four years TD has opened 101 new
branches in Canada – more than any of our peers.