|By Business Wire||
|November 5, 2012 09:13 AM EST||
TD Ameritrade Institutional1 attracted a record 441 breakaway brokers to its platform for independent registered investment advisors (“RIAs”) in fiscal 2012, a 27 percent increase from fiscal 2011. TD Ameritrade Institutional has established itself as a leader in supporting breakaway brokers and has helped more than 1,000 advisors become RIAs since 2010, more than any other custodian.2
“TD Ameritrade Institutional is one of the most experienced custodians in helping advisors make the move to independence,” said Tom Nally, president, TD Ameritrade Institutional. “We’ve made the goal of becoming an RIA more attainable through a clear, step-by-step, guided approach that can help take the guesswork out of the process.”
TD Ameritrade Institutional’s Bridge to Independence program serves to simplify and ease the transition for financial advisors looking to start their own RIA firm, join an established RIA or operate as a hybrid advisor. TD Ameritrade’s one-on-one approach is tailored to the financial advisor’s goals to help make the transition as straightforward as possible. TD Ameritrade Institutional provides guidance through four phases:
1) Choose a path. Financial advisors have options to consider when choosing how they will set up their business. TD Ameritrade Institutional lays out options for advisors starting a new RIA firm or joining an established RIA firm and also helps hybrid advisors find the right broker-dealer to support or transition any commission business. Financial advisors can get insights on the potential financial advantages of going independent, creating a strong business plan and timing a transition.
2) Plan – Business structure and setup. TD Ameritrade Institutional provides financial advisors with expertise and support for a wide range of business needs including staffing, setting up technology and investment platforms, compliance and insurance, even office furniture and phone systems.
3) Transition. TD Ameritrade Institutional’s experienced Business Transition Services team has transitioned thousands of advisors. The team handles all account and asset transfers, client communications, and other logistics and helps ensure that the account transfer process goes according to plan.
4) Grow – Manage the business for success. TD Ameritrade Institutional provides ongoing practice management services which include access to educational materials and expertise in the areas of technology, staffing and compensation, client service, operations, business management and strategic planning.
“There’s more support than ever before for breakaway brokers who want to experience the benefits of the independent advice model. They no longer have to deal with conflicts regarding what is good for the employer, as opposed to what is good for their clients,” said Nally. “We’ve dispelled the myth that going independent means going it alone. The RIA industry has matured and there are more choices and flexibility available to RIAs as an increasing number of technology and service providers focus their attention on the growing independent advice channel.”
Scott Stauffer, a former wirehouse broker, recently made the decision to become an RIA. Stauffer chose to join California-based Wealth Design, LLC, an established RIA firm. He wanted the freedom to do what’s right for his clients, choice and flexibility in investment options and the potential financial benefit associated with becoming an independent advisor, but wasn’t interested in the operational side of running a practice.
"Joining an established firm that had been through the experience of transitioning to the RIA model, coupled with TD Ameritrade Institutional’s expertise, proved invaluable,” said Stauffer, Wealth Design, LLC. “Not only did TD Ameritrade Institutional provide a clear road map, but the transition team was a sounding board throughout the process. Any issues or questions were quickly addressed which eliminated concerns and gave me the confidence that my business and my clients were in good hands.”
TD Ameritrade Institutional’s Bridge to Independence support services include:
- Relationship Managers – An experienced team of professionals who are dedicated to helping advisors who are making the transition to independence, whether that is starting up a new firm or joining an existing firm.
- TD Ameritrade Institutional RIAConnect™3 – Advisors looking to join an existing RIA firm will be introduced to established RIA firms with proven capabilities to support their business objectives.
- Business Evaluator4 – An online tool that allows advisors to compare business models, estimate expenses, identify their motivations and strengths, and ultimately design a customized action plan to ease the transition to independence.
- Business Transition Service Team – Dedicated service group to help advisors develop a plan to transition their clients to their new firm and simplify the account transfer and paperwork requirements (minimum asset requirements apply).
- Broker/Dealer Network – This flexible service helps ease the transition and maintenance of advisors’ commission-based business. TD Ameritrade Institutional works with broker-dealers who understand the unique needs of RIAs. Advisors have the choice to affiliate with a company that fits their specific culture, size, location and product needs.
- Advisor Transition Mentor Council – A collection of experienced advisors who have successfully made the transition to independence and who can provide their insight, guidance and counsel to advisors considering making the decision to go independent.
- Webcasts, Whitepapers and Case Studies5 – Provide guidance from advisors and industry experts on transitioning to the RIA model. †
the Burdens of Going Independent
Webcast: Becoming an RIA: The "Aha Moment"
Webcast: A Pathway To True Independence: Joining an Established RIA
Webcast: Making Independence Happen: Join an Established RIA
Case Study: Independence from a wirehouse to an RIA
Visit www.exploringyourindependence.com to learn about starting or joining an independent RIA. For more information about transition support, visit www.tdainstitutional.com/commitment or call 800-934-6124.
About TD Ameritrade Institutional
TD Ameritrade Institutional1 is a leading provider of comprehensive brokerage and custody services to over 4,500 fee-based, independent registered investment advisors and their clients. Our advanced technology platform, coupled with personal support from our dedicated service teams, allows investment advisors to run their practices more efficiently and effectively while optimizing time with clients.
About TD Ameritrade Holding Corporation
Millions of investors and independent registered investment advisors (RIAs) have turned to TD Ameritrade’s (NYSE: AMTD) technology, people and education to help make investing and trading easier to understand and do. Online or over the phone. In a branch or with an independent RIA. First-timer or sophisticated trader. Our clients want to take control, and we help them decide how - bringing Wall Street to Main Street for more than 36 years. An official sponsor of the 2012 U.S. Olympic Team, TD Ameritrade has time and again been recognized as a leader in investment services. Please visit TD Ameritrade’s newsroom or www.amtd.com for more information.
1TD Ameritrade Institutional is a division of TD Ameritrade, Inc., a brokerage subsidiary of TD Ameritrade Holding Corporation.
2Based on publicly available and anticipated reports for Fidelity Investments and Charles Schwab.
3Access to the TD Ameritrade Institutional RIAConnectTM program is provided by TD Ameritrade Institutional as a service to financial advisors using the brokerage, execution and custody services of TD Ameritrade Institutional. TD Ameritrade does not guarantee nor is it responsible for the completeness or accuracy of the data provided or for the quality of any product or service. TD Ameritrade makes no warranty or representation with respect to the service as to suitability or fitness for a particular purpose. In no instance should the listing of a third party be construed as a recommendation or endorsement by TD Ameritrade.
4The Business Evaluator tool provides an assessment and analysis regarding issues surrounding professional transition. It is intended to be a guideline and general analysis. Each business and situation is unique, and while the information provided aids in understanding the financial and business implications of a decision, the information should not be used in isolation. Certain information is provided by ActiFi, Inc., a company not affiliated with TD Ameritrade. Access to the Business Evaluator database is provided by TD Ameritrade Institutional as a service to prospective financial advisors not affiliated with TD Ameritrade Institutional.
5Webinars are provided for general information purposes only and should not be considered an individualized recommendation or advice. TD Ameritrade makes no representations or warranties with respect to the accuracy or completeness of the information provided.
Advisors have not received remuneration for participation in providing testimonials. Advisor testimonials may not represent the experience of all advisors using TD Ameritrade brokerage services. The advisors mentioned are independent and not affiliated with TD Ameritrade Institutional. More information about the advisors is available on the SEC website (www.sec.gov).
Wealth Design, LLC is separate from and not affiliated with TD Ameritrade.
DevOps at Cloud Expo, taking place Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long dev...
Sep. 25, 2016 03:15 AM EDT Reads: 3,322
Almost two-thirds of companies either have or soon will have IoT as the backbone of their business in 2016. However, IoT is far more complex than most firms expected. How can you not get trapped in the pitfalls? In his session at @ThingsExpo, Tony Shan, a renowned visionary and thought leader, will introduce a holistic method of IoTification, which is the process of IoTifying the existing technology and business models to adopt and leverage IoT. He will drill down to the components in this fra...
Sep. 25, 2016 03:00 AM EDT Reads: 1,396
There is growing need for data-driven applications and the need for digital platforms to build these apps. In his session at 19th Cloud Expo, Muddu Sudhakar, VP and GM of Security & IoT at Splunk, will cover different PaaS solutions and Big Data platforms that are available to build applications. In addition, AI and machine learning are creating new requirements that developers need in the building of next-gen apps. The next-generation digital platforms have some of the past platform needs a...
Sep. 25, 2016 02:45 AM EDT Reads: 1,680
Without a clear strategy for cost control and an architecture designed with cloud services in mind, costs and operational performance can quickly get out of control. To avoid multiple architectural redesigns requires extensive thought and planning. Boundary (now part of BMC) launched a new public-facing multi-tenant high resolution monitoring service on Amazon AWS two years ago, facing challenges and learning best practices in the early days of the new service. In his session at 19th Cloud Exp...
Sep. 25, 2016 02:45 AM EDT Reads: 846
I'm a lonely sensor. I spend all day telling the world how I'm feeling, but none of the other sensors seem to care. I want to be connected. I want to build relationships with other sensors to be more useful for my human. I want my human to understand that when my friends next door are too hot for a while, I'll soon be flaming. And when all my friends go outside without me, I may be left behind. Don't just log my data; use the relationship graph. In his session at @ThingsExpo, Ryan Boyd, Engi...
Sep. 25, 2016 02:15 AM EDT Reads: 1,202
SYS-CON Events announced today that Numerex Corp, a leading provider of managed enterprise solutions enabling the Internet of Things (IoT), will exhibit at the 19th International Cloud Expo | @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Numerex Corp. (NASDAQ:NMRX) is a leading provider of managed enterprise solutions enabling the Internet of Things (IoT). The Company's solutions produce new revenue streams or create operating...
Sep. 25, 2016 12:45 AM EDT Reads: 1,927
Information technology is an industry that has always experienced change, and the dramatic change sweeping across the industry today could not be truthfully described as the first time we've seen such widespread change impacting customer investments. However, the rate of the change, and the potential outcomes from today's digital transformation has the distinct potential to separate the industry into two camps: Organizations that see the change coming, embrace it, and successful leverage it; and...
Sep. 25, 2016 12:45 AM EDT Reads: 1,030
While DevOps promises a better and tighter integration among an organization’s development and operation teams and transforms an application life cycle into a continual deployment, Chef and Azure together provides a speedy, cost-effective and highly scalable vehicle for realizing the business values of this transformation. In his session at @DevOpsSummit at 19th Cloud Expo, Yung Chou, a Technology Evangelist at Microsoft, will present a unique opportunity to witness how Chef and Azure work tog...
Sep. 25, 2016 12:30 AM EDT Reads: 1,586
Data is an unusual currency; it is not restricted by the same transactional limitations as money or people. In fact, the more that you leverage your data across multiple business use cases, the more valuable it becomes to the organization. And the same can be said about the organization’s analytics. In his session at 19th Cloud Expo, Bill Schmarzo, CTO for the Big Data Practice at EMC, will introduce a methodology for capturing, enriching and sharing data (and analytics) across the organizati...
Sep. 24, 2016 09:45 PM EDT Reads: 1,604
SYS-CON Events announced today that Secure Channels will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. The bedrock of Secure Channels Technology is a uniquely modified and enhanced process based on superencipherment. Superencipherment is the process of encrypting an already encrypted message one or more times, either using the same or a different algorithm.
Sep. 24, 2016 09:00 PM EDT Reads: 1,426
The vision of a connected smart home is becoming reality with the application of integrated wireless technologies in devices and appliances. The use of standardized and TCP/IP networked wireless technologies in line-powered and battery operated sensors and controls has led to the adoption of radios in the 2.4GHz band, including Wi-Fi, BT/BLE and 802.15.4 applied ZigBee and Thread. This is driving the need for robust wireless coexistence for multiple radios to ensure throughput performance and th...
Sep. 24, 2016 08:30 PM EDT Reads: 1,443
The Internet of Things can drive efficiency for airlines and airports. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, will discuss the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports. The session will include a working demo and a technical d...
Sep. 24, 2016 08:00 PM EDT Reads: 1,651
SYS-CON Events announced today the Enterprise IoT Bootcamp, being held November 1-2, 2016, in conjunction with 19th Cloud Expo | @ThingsExpo at the Santa Clara Convention Center in Santa Clara, CA. Combined with real-world scenarios and use cases, the Enterprise IoT Bootcamp is not just based on presentations but with hands-on demos and detailed walkthroughs. We will introduce you to a variety of real world use cases prototyped using Arduino, Raspberry Pi, BeagleBone, Spark, and Intel Edison. Y...
Sep. 24, 2016 07:00 PM EDT Reads: 2,792
Fact is, enterprises have significant legacy voice infrastructure that’s costly to replace with pure IP solutions. How can we bring this analog infrastructure into our shiny new cloud applications? There are proven methods to bind both legacy voice applications and traditional PSTN audio into cloud-based applications and services at a carrier scale. Some of the most successful implementations leverage WebRTC, WebSockets, SIP and other open source technologies. In his session at @ThingsExpo, Da...
Sep. 24, 2016 06:45 PM EDT Reads: 1,483
If you’re responsible for an application that depends on the data or functionality of various IoT endpoints – either sensors or devices – your brand reputation depends on the security, reliability, and compliance of its many integrated parts. If your application fails to deliver the expected business results, your customers and partners won't care if that failure stems from the code you developed or from a component that you integrated. What can you do to ensure that the endpoints work as expect...
Sep. 24, 2016 04:30 PM EDT Reads: 1,512
Traditional on-premises data centers have long been the domain of modern data platforms like Apache Hadoop, meaning companies who build their business on public cloud were challenged to run Big Data processing and analytics at scale. But recent advancements in Hadoop performance, security, and most importantly cloud-native integrations, are giving organizations the ability to truly gain value from all their data. In his session at 19th Cloud Expo, David Tishgart, Director of Product Marketing ...
Sep. 24, 2016 04:30 PM EDT Reads: 1,703
SYS-CON Events announced today that China Unicom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. China United Network Communications Group Co. Ltd ("China Unicom") was officially established in 2009 on the basis of the merger of former China Netcom and former China Unicom. China Unicom mainly operates a full range of telecommunications services including mobile broadband (GSM, WCDMA, LTE F...
Sep. 24, 2016 01:30 PM EDT Reads: 1,677
Enterprise IT has been in the era of Hybrid Cloud for some time now. But it seems most conversations about Hybrid are focused on integrating AWS, Microsoft Azure, or Google ECM into existing on-premises systems. Where is all the Private Cloud? What do technology providers need to do to make their offerings more compelling? How should enterprise IT executives and buyers define their focus, needs, and roadmap, and communicate that clearly to the providers?
Sep. 24, 2016 01:00 PM EDT Reads: 1,487
The Transparent Cloud-computing Consortium (abbreviation: T-Cloud Consortium) will conduct research activities into changes in the computing model as a result of collaboration between "device" and "cloud" and the creation of new value and markets through organic data processing High speed and high quality networks, and dramatic improvements in computer processing capabilities, have greatly changed the nature of applications and made the storing and processing of data on the network commonplace.
Sep. 24, 2016 12:00 PM EDT Reads: 769
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
Sep. 24, 2016 12:00 PM EDT Reads: 775