Click here to close now.

Welcome!

AJAX & REA Authors: Liz McMillan, Plutora Blog, VictorOps Blog, Elizabeth White, Brett Hofer

News Feed Item

TD Ameritrade Institutional Draws Record Number of Breakaway Brokers

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 Studies5Provide guidance from advisors and industry experts on transitioning to the RIA model. †

Whitepaper: Understanding 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.

Brokerage services provided by TD Ameritrade, Inc., member FINRA (www.FINRA.org) /SIPC (www.SIPC.org) /NFA (www.nfa.futures.org)

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.

† Please note that by clicking on the hyperlinks provided you will enter an unaffiliated third-party Web site to access its products and services. The third-party site is governed by its posted privacy policy and terms of use, and the third party is solely responsible for the content and offerings on its Web site.

AMTD-G

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@CloudExpo Stories
Hadoop as a Service (as offered by handful of niche vendors now) is a cloud computing solution that makes medium and large-scale data processing accessible, easy, fast and inexpensive. In his session at Big Data Expo, Kumar Ramamurthy, Vice President and Chief Technologist, EIM & Big Data, at Virtusa, will discuss how this is achieved by eliminating the operational challenges of running Hadoop, so one can focus on business growth. The fragmented Hadoop distribution world and various PaaS soluti...
Since 2008 and for the first time in history, more than half of humans live in urban areas, urging cities to become “smart.” Today, cities can leverage the wide availability of smartphones combined with new technologies such as Beacons or NFC to connect their urban furniture and environment to create citizen-first services that improve transportation, way-finding and information delivery. In her session at @ThingsExpo, Laetitia Gazel-Anthoine, CEO of Connecthings, will focus on successful use c...
The Workspace-as-a-Service (WaaS) market will grow to $6.4B by 2018. In his session at 16th Cloud Expo, Seth Bostock, CEO of IndependenceIT, will begin by walking the audience through the evolution of Workspace as-a-Service, where it is now vs. where it going. To look beyond the desktop we must understand exactly what WaaS is, who the users are, and where it is going in the future. IT departments, ISVs and service providers must look to workflow and automation capabilities to adapt to growing ...
Platform-as-a-Service (PaaS) is a technology designed to make DevOps easier and allow developers to focus on application development. The PaaS takes care of provisioning, scaling, HA, and other cloud management aspects. Apache Stratos is a PaaS codebase developed in Apache and designed to create a highly productive developer environment while also supporting powerful deployment options. Integration with the Docker platform, CoreOS Linux distribution, and Kubernetes container management system ...
There are many considerations when moving applications from on-premise to cloud. It is critical to understand the benefits and also challenges of this migration. A successful migration will result in lower Total Cost of Ownership, yet offer the same or higher level of robustness. In his session at 15th Cloud Expo, Michael Meiner, an Engineering Director at Oracle, Corporation, will analyze a range of cloud offerings (IaaS, PaaS, SaaS) and discuss the benefits/challenges of migrating to each of...
Cloud data governance was previously an avoided function when cloud deployments were relatively small. With the rapid adoption in public cloud – both rogue and sanctioned, it’s not uncommon to find regulated data dumped into public cloud and unprotected. This is why enterprises and cloud providers alike need to embrace a cloud data governance function and map policies, processes and technology controls accordingly. In her session at 15th Cloud Expo, Evelyn de Souza, Data Privacy and Compliance...
As organizations shift toward IT-as-a-service models, the need for managing and protecting data residing across physical, virtual, and now cloud environments grows with it. CommVault can ensure protection &E-Discovery of your data – whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise. In his session at 16th Cloud Expo, Randy De Meno, Chief Technologist - Windows Products and Microsoft Partnerships, will disc...
Containers and microservices have become topics of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 16th Cloud Expo at the Javits Center in New York June 9-11 will find fresh new content in a new track called PaaS | Containers & Microservices Containers are not being considered for the first time by the cloud community, but a current era of re-consideration has pushed them to the top of the cloud agenda. With the launch ...
VictorOps is making on-call suck less with the only collaborative alert management platform on the market. With easy on-call scheduling management, a real-time incident timeline that gives you contextual relevance around your alerts and powerful reporting features that make post-mortems more effective, VictorOps helps your IT/DevOps team solve problems faster.
Skeuomorphism usually means retaining existing design cues in something new that doesn’t actually need them. However, the concept of skeuomorphism can be thought of as relating more broadly to applying existing patterns to new technologies that, in fact, cry out for new approaches. In his session at DevOps Summit, Gordon Haff, Senior Cloud Strategy Marketing and Evangelism Manager at Red Hat, will discuss why containers should be paired with new architectural practices such as microservices ra...
Roberto Medrano, Executive Vice President at SOA Software, had reached 30,000 page views on his home page - http://RobertoMedrano.SYS-CON.com/ - on the SYS-CON family of online magazines, which includes Cloud Computing Journal, Internet of Things Journal, Big Data Journal, and SOA World Magazine. He is a recognized executive in the information technology fields of SOA, internet security, governance, and compliance. He has extensive experience with both start-ups and large companies, having been ...
HP and Aruba Networks on Monday announced a definitive agreement for HP to acquire Aruba, a provider of next-generation network access solutions for the mobile enterprise, for $24.67 per share in cash. The equity value of the transaction is approximately $3.0 billion, and net of cash and debt approximately $2.7 billion. Both companies' boards of directors have approved the deal. "Enterprises are facing a mobile-first world and are looking for solutions that help them transition legacy investme...
The industrial software market has treated data with the mentality of “collect everything now, worry about how to use it later.” We now find ourselves buried in data, with the pervasive connectivity of the (Industrial) Internet of Things only piling on more numbers. There’s too much data and not enough information. In his session at @ThingsExpo, Bob Gates, Global Marketing Director, GE’s Intelligent Platforms business, to discuss how realizing the power of IoT, software developers are now focu...
Operational Hadoop and the Lambda Architecture for Streaming Data Apache Hadoop is emerging as a distributed platform for handling large and fast incoming streams of data. Predictive maintenance, supply chain optimization, and Internet-of-Things analysis are examples where Hadoop provides the scalable storage, processing, and analytics platform to gain meaningful insights from granular data that is typically only valuable from a large-scale, aggregate view. One architecture useful for capturing...
SYS-CON Events announced today that Vitria Technology, Inc. will exhibit at SYS-CON’s @ThingsExpo, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Vitria will showcase the company’s new IoT Analytics Platform through live demonstrations at booth #330. Vitria’s IoT Analytics Platform, fully integrated and powered by an operational intelligence engine, enables customers to rapidly build and operationalize advanced analytics to deliver timely business outcomes ...
DevOps is about increasing efficiency, but nothing is more inefficient than building the same application twice. However, this is a routine occurrence with enterprise applications that need both a rich desktop web interface and strong mobile support. With recent technological advances from Isomorphic Software and others, it is now feasible to create a rich desktop and tuned mobile experience with a single codebase, without compromising performance or usability.
SYS-CON Events announced today Arista Networks will exhibit at SYS-CON's DevOps Summit 2015 New York, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. Arista Networks was founded to deliver software-driven cloud networking solutions for large data center and computing environments. Arista’s award-winning 10/40/100GbE switches redefine scalability, robustness, and price-performance, with over 3,000 customers and more than three million cloud networking ports depl...
The speed of software changes in growing and large scale rapid-paced DevOps environments presents a challenge for continuous testing. Many organizations struggle to get this right. Practices that work for small scale continuous testing may not be sufficient as the requirements grow. In his session at DevOps Summit, Marc Hornbeek, Sr. Solutions Architect of DevOps continuous test solutions at Spirent Communications, will explain the best practices of continuous testing at high scale, which is r...
SYS-CON Events announced today that Open Data Centers (ODC), a carrier-neutral colocation provider, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. Open Data Centers is a carrier-neutral data center operator in New Jersey and New York City offering alternative connectivity options for carriers, service providers and enterprise customers.
Thanks to Docker, it becomes very easy to leverage containers to build, ship, and run any Linux application on any kind of infrastructure. Docker is particularly helpful for microservice architectures because their successful implementation relies on a fast, efficient deployment mechanism – which is precisely one of the features of Docker. Microservice architectures are therefore becoming more popular, and are increasingly seen as an interesting option even for smaller projects, instead of bein...