A marketplace of models lets RIAs research and
implement third-party investment strategies for their client
portfolios
Seventh paragraph, first bullet of release dated January 17,
2018, should read: Anchor Capital Management Group (instead of
Anchor Capital Advisors).
The corrected release reads:
TD AMERITRADE INSTITUTIONAL'S MODEL MARKET
CENTER LETS RIAS STREAMLINE INVESTMENT MANAGEMENT – FOR
LESS
A marketplace of models lets RIAs research and
implement third-party investment strategies for their client
portfolios
When it comes to managing client portfolios, some registered
investment advisors (RIAs) prefer to do it all themselves,
researching and executing trades, while others employ the services
of third-party asset managers. Now, TD Ameritrade Institutional1
has introduced an innovative, new alternative: Model Market
Center.
This revolutionary platform lets independent RIAs on the TD
Ameritrade Institutional platform leverage the brain power of
leading money managers right from their desktops, without the
constraints and complexity that come with outsourcing
solutions.
With Model Market Center, advisors can select from a broad menu
of third-party investment models in one, central location. The
platform then seamlessly leverages iRebal® on Veo® -- TD
Ameritrade’s powerful trading and portfolio management technology
-- to execute those models in the manner they choose. As providers
update their models, changes are automatically communicated to
advisors.
For do-it-yourself advisors, Model Market Center can save the
time spent building models from scratch, so they can devote more
time working with clients and financial planning, while retaining
investment management fiduciary control and responsibility,
flexibility, and trading discretion.
And for those that employ traditional third-party platforms,
Model Market Center can represent a less-costly alternative. A
broad menu of models is available to advisors at no additional
fee2, and there’s no investment minimum for assets held at TD
Ameritrade Institutional.
“Investment management isn’t just time-consuming, it’s
increasingly commoditized. Model Market Center lets advisors apply
the investment strategies of well-known money managers with a few
clicks. So though advisors must still research investment options
and monitor models, our new platform can help them focus more on
those activities that deliver greater value,” said Danielle Fava,
director of product strategy and development at TD Ameritrade
Institutional. “Advisors are increasingly seeking efficiencies.
With this platform, we are delivering what we believe to be a more
modern approach.”
Model Market Center currently offers access to a selection of
models from eight investment managers:
- Anchor Capital Management Group
- CLS Investments
- Cambria Investments
- Goldman Sachs Asset Management
- Russell Investments
- State Street Global Advisors
- Wilshire Associates
- WisdomTree Investments
“And this is only the beginning. Model Market Center is an
open-architecture platform and we expect to add more providers and
models over time,” Fava said.
Keeping Pace Through Innovation
Many RIAs choose to outsource the work of investment management
to third-party asset management platforms, also known as TAMPs,
which help advisors by taking over full discretion of investment
management and sharing of fiduciary responsibility in exchange for
overlay fees.
Model Market Center presents a different approach. After
advisors complete their due diligence they can subscribe to
investment models and download them directly into iRebal on Veo®,
the powerful, tax-efficient rebalancing tool available at no
additional cost for accounts held with TD Ameritrade Institutional.
There, advisors can implement one model or blend multiple models --
including those they build themselves -- based on the unique needs
of each client account.
The models currently available are comprised of ETFs and mutual
funds, but over time may include individual stocks and other
securities. Some models leverage TD Ameritrade’s expanded menu of
commission-free funds available through the ETF Market Center.
Since Model Market Center was activated on Oct. 30, more than
1,000 independent RIAs utilizing the TD Ameritrade Institutional
platform have signed on; many are already putting the Model Market
Center to work with their clients’ assets. Model Market Center
represents yet another way TD Ameritrade Institutional is helping
RIAs keep pace with accelerating technology change to optimize
their firms.
“One of the top concerns we hear from advisors is they don’t
have the time to create their own models, and yet SMAs can be
expensive. So, we like the Model Market Center concept: it’s a
good, low-cost alternative, particularly in investment areas where
margins are thinner,” said Chuck Ballweg, co-owner of Prosperity
Financial Group, Inc., an early adopter of Model Market Center.
“I’m pleasantly surprised by the lineup of managers in the program:
it’s very impressive.”
To Learn More
To learn more, TD Ameritrade Institutional clients can visit The
Education Center on Veo® or contact their relationship manager.
Other advisors are invited to call (800) 934-6124.
Material made available through the Model Market Center is
provided by third-party Model Managers who are separate from and
unaffiliated with TD Ameritrade. TD Ameritrade has not paid for or
been involved in the preparation of the content, and has not
verified, endorsed or approved the content. TD Ameritrade assumes
no responsibility for any fact, recommendation, opinion, or advice
contained in any such model portfolio or materials and expressly
disclaims any responsibility for any investment decisions or for
the suitability of any security or transaction based on it.
Model Market Center is an offering of TD Ameritrade, Inc.
Registered Investment Advisor (RIA) that leverages iRebal® on Veo®
technology to provide independent RIAs access to model portfolios
provided by third-party asset managers. iRebal products and
services are property of ThinkTech, Inc., an affiliate of TD
Ameritrade, Inc.
ETFs are subject to risk similar to those of their underlying
securities, including, but not limited to, market, investment,
sector, or industry risks, and those regarding short-selling and
margin account maintenance. Some ETFs may involve international
risk, currency risk, commodity risk, leverage risk, credit risk,
and interest rate risk. Performance may be affected by risks
associated with non-diversification, including investments in
specific countries or sectors. Additional risks may also include,
but are not limited to, investments in foreign securities,
especially emerging markets, real estate investment trusts (REITs),
fixed income, small-capitalization securities, and commodities.
Each individual investor should consider these risks carefully
before investing in a particular security or
strategy. Investment returns will fluctuate and are subject to
market volatility, so that an investor’s shares, when redeemed or
sold, may be worth more or less than their original cost. Unlike
mutual funds, shares of ETFs are not individually redeemable
directly with the ETF. Shares are bought and sold at market price,
which may be higher or lower than the net asset value (NAV).
Information provided by TD Ameritrade, including without
limitation that related to the ETF Market Center and
commission-free ETFs, is for general educational and informational
purposes only and should not be considered a recommendation or
investment advice.
Particular commission-free ETFs may not be appropriate
investments for all investors, and there may be other ETFs or
investment options available at TD Ameritrade that are more
suitable.
ETFs purchased commission-free that are available on the TD
Ameritrade ETF Market Center are available generally without
commissions when placed online in a TD Ameritrade account. Other
fees may apply for trade orders placed through a broker or by
automated phone.
TD Ameritrade receives remuneration from certain ETFs that
participate in the commission-free ETF program for shareholder,
administrative and/or other services.
No Margin for 30 Days. Certain ETFs purchased commission free
that are available on the TD Ameritrade ETF Market Center will not
be immediately marginable at TD Ameritrade through the first 30
days from settlement. For the purposes of calculation the day of
settlement is considered Day 1.
1 TD Ameritrade Institutional is a division of TD Ameritrade,
Inc., a brokerage subsidiary of TD Ameritrade Holding
Corporation.
2 Standard TD Ameritrade Institutional custody fees and fund
management fees apply. In the future, models that require a usage
fee may be added to the platform.
About TD Ameritrade InstitutionalTD Ameritrade
Institutional is a leading provider of comprehensive brokerage and
custody services to more than 6,000 fee-based, independent RIAs 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. TD Ameritrade
Institutional is a division of TD Ameritrade, Inc., a brokerage
subsidiary of TD Ameritrade Holding Corporation.
About TD Ameritrade Holding CorporationMillions of
investors and independent registered investment advisors turn to TD
Ameritrade’s (Nasdaq: AMTD) technology, people and education
resources to help make investing and trading easier. 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
40 years. TD Ameritrade has time and again been recognized as a
leader in investment services. Visit TD Ameritrade's newsroom or
amtd.com for more information.
Brokerage services provided by TD Ameritrade, Inc., member FINRA
/ SIPC
Source: TD Ameritrade Holding Corporation
View source
version on businesswire.com: http://www.businesswire.com/news/home/20180117005269/en/
TD Ameritrade Holding CorporationJoseph A. Giannone,
201-369-8705Communications + Public
Affairsjoseph.giannone@tdameritrade.com
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