This document provides an overview of robo-advisory technology solutions and how advisors can leverage them. It discusses how robo-advisors work, targeting younger investors, and how advisors can integrate these solutions into their practices to attract new clients, improve efficiency, and free up time for personalized client interactions. TD Ameritrade has partnerships with multiple robo-technology providers to help advisors adopt these solutions while maintaining their business models.
The future of wealth management relies on the successful use of technology.
Traditionally, wealth managers have built their businesses on personal relationships, often going back decades and relying on regular face-to-face contact. It is a formula that served the
industry well in the past, but has left it wanting in an era of tougher regulation, and the explosion of digital technology
in the workplace and at home.
Under pressure from regulators and technological developments elsewhere in financial services, the industry is evolving, though some firms and advisors have been quicker to adapt to
change than others.
Finding the right balance is not easy and there is no single answer that would work for all firms and with old styles of service competing against new, the industry is struggling to find its footing. This gives rise to a new breed of advisor, one that is able to adapt to the changing face of the market and utilise
all of the technological tools at hand to better serve their clients – the bionic advisor.
The next generation advisory model the hybrid 2019Antony Bream
There has been a fundamental shift in wealth management. Individual wealth is on the up and clients expect innovative and personal engagement from their advisors. But as the industry
struggles to keep up with these shifting dynamics and growing
expectations, are wealth managers truly realizing the full potential of digitization or are they still seeing
technology as a threat? We look at the benefits that an effective digital transformation strategy can have on the client experience, but equally as important, on internal processes in the front office, and the steps wealth managers need to take to maximize these while not forfeiting the human touch.
Emerging Trends in Automated Wealth Management AdviceCognizant
As robo advisors expand into more customer segments, European wealth managers need to respond to changing dynamics to stay ahead of emerging providers.
Mit digital transformation a roadmap for billion $ companies 2011Claire Calmejane
Claire Calméjane is a dynamic executive with an international experience to lead complex, large transformation projects & teams, monitor IT budget at large scale and a strong expertise in Digital Transformation and Digital Banking. She worked for the last 7 years for Capgemini Consulting in Paris, Boston (US) and London, for several banks such as BNPP, MABanque, RBS and airline industries. She lead the phase 1 of a research program around digital transformation program at MIT working with the researchers.Her research paper has been ranked as one of top 5 thought leadership pieces http://lnkd.in/htyHdj across consulting publications by Source. She joined Lloyds Banking Group in October 2012 to lead the delivery of the Service to Customer portfolio and embrace operation challenges after a decade in consulting. She is specialized in Digital Transformation and IT Financial Services. She graduated from a Computer Science Engineering School and holds a Master degree from HEC Paris Business School.
Insurance at the Intersection: Reinventing the Model, Repositioning the BrandCognizant
Insurers that can embrace the changing environment by redesigning their operating models and reinventing their business will be the most successful industry players of the future.
The future of wealth management relies on the successful use of technology.
Traditionally, wealth managers have built their businesses on personal relationships, often going back decades and relying on regular face-to-face contact. It is a formula that served the
industry well in the past, but has left it wanting in an era of tougher regulation, and the explosion of digital technology
in the workplace and at home.
Under pressure from regulators and technological developments elsewhere in financial services, the industry is evolving, though some firms and advisors have been quicker to adapt to
change than others.
Finding the right balance is not easy and there is no single answer that would work for all firms and with old styles of service competing against new, the industry is struggling to find its footing. This gives rise to a new breed of advisor, one that is able to adapt to the changing face of the market and utilise
all of the technological tools at hand to better serve their clients – the bionic advisor.
The next generation advisory model the hybrid 2019Antony Bream
There has been a fundamental shift in wealth management. Individual wealth is on the up and clients expect innovative and personal engagement from their advisors. But as the industry
struggles to keep up with these shifting dynamics and growing
expectations, are wealth managers truly realizing the full potential of digitization or are they still seeing
technology as a threat? We look at the benefits that an effective digital transformation strategy can have on the client experience, but equally as important, on internal processes in the front office, and the steps wealth managers need to take to maximize these while not forfeiting the human touch.
Emerging Trends in Automated Wealth Management AdviceCognizant
As robo advisors expand into more customer segments, European wealth managers need to respond to changing dynamics to stay ahead of emerging providers.
Mit digital transformation a roadmap for billion $ companies 2011Claire Calmejane
Claire Calméjane is a dynamic executive with an international experience to lead complex, large transformation projects & teams, monitor IT budget at large scale and a strong expertise in Digital Transformation and Digital Banking. She worked for the last 7 years for Capgemini Consulting in Paris, Boston (US) and London, for several banks such as BNPP, MABanque, RBS and airline industries. She lead the phase 1 of a research program around digital transformation program at MIT working with the researchers.Her research paper has been ranked as one of top 5 thought leadership pieces http://lnkd.in/htyHdj across consulting publications by Source. She joined Lloyds Banking Group in October 2012 to lead the delivery of the Service to Customer portfolio and embrace operation challenges after a decade in consulting. She is specialized in Digital Transformation and IT Financial Services. She graduated from a Computer Science Engineering School and holds a Master degree from HEC Paris Business School.
Insurance at the Intersection: Reinventing the Model, Repositioning the BrandCognizant
Insurers that can embrace the changing environment by redesigning their operating models and reinventing their business will be the most successful industry players of the future.
Going Digital? Not Without a Simple, Modern and Secure IT BackboneCognizant
To compete in today’s digital world, enterprises need a fast, efficient and extensible IT foundation that reduces complexity, enhances agility and enables resiliency. Here’s our blueprint on how to get started.
The financial services industry has never had a better opportunity to embrace a customer-centric approach to doing business. Raising the bar for customer experience can create clear competitive advantages, and a responsive digital channel offering is essential. Here, insiders from the banking industry, the insurance sector and HCL Technologies’ customer experience management principal discuss the challenges of remaining agile in the digital space.
http://www.hcltech.com/financial-services/cxstudio
6 use cases of machine learning in Finance Swathi Young
The use of Artificial Intelligence and Machine learning is increasingly adopted in multiple industries. Question is, does a regulated industry like Finance adopt AI/ML? the answer is a huge YES! Here we take a look at 6 different use cases:
* Chatbots
* RoboAdvisors
* Risk scoring
* Fraud Detection
* Insurance claims
* Underwriting
* regulatory compliance
Our service options are tailored to incorporate both self-directed service alternatives and full advisory solutions, giving you the choice of approach to build an investment and service offering that fits your profile while still achieving your financial goals.
Digital Transformation of U.S. Private BankingCognizant
U.S. private banks need to rethink their business models and accelerate their push to meet the ever-rising expectations of digitally savvy high-net-worth clients.
It is essential to market your security token if you expect more future returns and profits on the shares by reaching investors countrywide or worldwide.
But there are some prerequisites which need to be followed before you begin with the marketing of STO.
Let us discuss the term “General Solicitation” with you before proceeding with STO Marketing Strategies.
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Here are a few of the disruptions we have picked up in the finance sector and how you can take your future into your own hands by transforming your company.
http://www.dearmedia.be/digital-transformation/
Transformation & Tradition: Reimagining the Customer-Agent Experience in Insu...Cake and Arrow
With the digitization of the insurance industry now fast underway, insurance companies are faced with the unique opportunity to leverage advances in technology to reclaim something of the bygone simplicity of the once trusted agent-customer experience, free from the mounds of paperwork, clunky technology, and complicated underwriting processes that have come to characterize buying insurance.
In this webinar, we will discuss how the insurance industry can re-imagine its own tradition of the agent-customer experience to usher in a new era of digital transformation built on trust, transparency and customer needs.
The ascent of “robo-advisors”, or online-only asset management and advisory firms, has caused a stir in the financial advice community. While firms like Wealthfront have quickly gathered assets north of $1 billion, the consensus is that these “robo-advisors” will not make financial advisors extinct. Rather, their prevalence is demonstrating that the need for a human relationship between advisors and investors is greater than ever. ASI’s Online Advice Tool aims to bridge the gap between advisors and ivnestors through our intuitive technology.
Going Digital? Not Without a Simple, Modern and Secure IT BackboneCognizant
To compete in today’s digital world, enterprises need a fast, efficient and extensible IT foundation that reduces complexity, enhances agility and enables resiliency. Here’s our blueprint on how to get started.
The financial services industry has never had a better opportunity to embrace a customer-centric approach to doing business. Raising the bar for customer experience can create clear competitive advantages, and a responsive digital channel offering is essential. Here, insiders from the banking industry, the insurance sector and HCL Technologies’ customer experience management principal discuss the challenges of remaining agile in the digital space.
http://www.hcltech.com/financial-services/cxstudio
6 use cases of machine learning in Finance Swathi Young
The use of Artificial Intelligence and Machine learning is increasingly adopted in multiple industries. Question is, does a regulated industry like Finance adopt AI/ML? the answer is a huge YES! Here we take a look at 6 different use cases:
* Chatbots
* RoboAdvisors
* Risk scoring
* Fraud Detection
* Insurance claims
* Underwriting
* regulatory compliance
Our service options are tailored to incorporate both self-directed service alternatives and full advisory solutions, giving you the choice of approach to build an investment and service offering that fits your profile while still achieving your financial goals.
Digital Transformation of U.S. Private BankingCognizant
U.S. private banks need to rethink their business models and accelerate their push to meet the ever-rising expectations of digitally savvy high-net-worth clients.
It is essential to market your security token if you expect more future returns and profits on the shares by reaching investors countrywide or worldwide.
But there are some prerequisites which need to be followed before you begin with the marketing of STO.
Let us discuss the term “General Solicitation” with you before proceeding with STO Marketing Strategies.
An analysis on the talent acquisition technology market detailing growth areas, funding trends, and exits. Detail on where VCs are seeing most traction
With consumer preferences changing as quickly as technology, it's a challenge for financial institutions to keep up. Digital Insight and Cornerstone Advisors shared valuable takeaways aimed at guiding CEOs, CFOs and CIOs in approaching new channels and optimizing existing strategies to provide increased returns now and into the future.
Here are a few of the disruptions we have picked up in the finance sector and how you can take your future into your own hands by transforming your company.
http://www.dearmedia.be/digital-transformation/
Transformation & Tradition: Reimagining the Customer-Agent Experience in Insu...Cake and Arrow
With the digitization of the insurance industry now fast underway, insurance companies are faced with the unique opportunity to leverage advances in technology to reclaim something of the bygone simplicity of the once trusted agent-customer experience, free from the mounds of paperwork, clunky technology, and complicated underwriting processes that have come to characterize buying insurance.
In this webinar, we will discuss how the insurance industry can re-imagine its own tradition of the agent-customer experience to usher in a new era of digital transformation built on trust, transparency and customer needs.
The ascent of “robo-advisors”, or online-only asset management and advisory firms, has caused a stir in the financial advice community. While firms like Wealthfront have quickly gathered assets north of $1 billion, the consensus is that these “robo-advisors” will not make financial advisors extinct. Rather, their prevalence is demonstrating that the need for a human relationship between advisors and investors is greater than ever. ASI’s Online Advice Tool aims to bridge the gap between advisors and ivnestors through our intuitive technology.
The Empire strikes back. As the first wave of robo-advisers retreats, their technology innovation is used against them. They continue to be sold or morph into white-labeled B2B platforms. Retail giants such as Vanguard, Schwab and Fidelity use their scale to hoover up the low-end of the advisory market. Meanwhile, traditional wealth managers, such as Morgan Stanley, Merrill Lynch and UBS, continue to move up-market, adopting robo technologies and evolving into cyborg-advisors. DOL's fiduciary ruling catalyzes a new era for wealth managers as their product-pushing brokers soon become extinct. Digital financial planning becomes fully integrated into a technology-rich private banking model covering assets and liabilities. Client engagement and advisory technologies define the new battleground.
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We are pleased to share our work and findings with you and the broader community.
You can read our report ‘Bitcoin and Blockhain in 2016: A Global Survey’ here.
If you are interested in a personal briefing or a briefing for your firm, please feel free to contact us (jmillar@magisteradvisors.com).
The wealth management industry is entering a period of significant disruption, with robo-advice at the heart of this disruption. Digital, automated advice will likely become a standard expectation for the mass-affluent and mass-market segments. But big data and advanced analytics have the potential to dramatically expand the scope of roboadvice, incorporating financial planning into broader retirement, health, and wellbeing, and enabling quasi institutional research, which could then impact all investor segments. All wealth management firms should take notice. Read more: http://www2.deloitte.com/us/en/pages/consulting/articles/robo-advisors-capitalizing-on-growing-opportunity.html
ROBO ADVISOR, YOUR RELIABLE PARTNER? Building a trustworthy digital investing...Anni Kristiina Salo
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Over the course of the last few years, the so-called robo advisors have gained significant media coverage in the financial technology (Fintech) space. Invested assets in automated investment services more than doubled from 2014 to 2015 and no Fintech conference has taken place without a newly established robo advisor. Additionally, there have been inflows of hundreds of millions of dollars in venture capital backing into the start-ups behind the robo advisors. Betterment, for example, one of the most famous and largest robo advisors, raised USD100m venture funding in March 2016. We have also started to see the adoption of automated advice by traditional banks and investment managers. This article serves as an introduction to CommerzVentures and our view on the rise of the robo advisors.
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Robo advice: a quick review of the legal, process, development, and conceptual ideas for robo / online services for insurance-focused financial advisers in New Zealand.
Fintech & Insurtech - Lending Platforms: Company presentation by Bulent Tekmen, Co-Founder & CEO of Colendi, at the NOAH Conference London 2019, 30-31 October, Old Billingsgate.
3. 3800-934-6124 | tdainstitutional.com
Traditional financial advisors may feel threatened by the fast rise
of robo-technology solutions, which can appear to remove the
human factor from the advising process. However, we see these
online advice solutions as more of an exciting opportunity than
a threat to advisors, particularly as they look to attract the crucial
next generation of tech-savvy investors.
Overview
The hybrid human/robo approach allows advisors to integrate the new
technologies into their existing practice and thus grow their business.
Furthermore, these solutions can free up time for advisors to enrich
their uniquely human interactions with clients, many of whom still value
face-to-face communication.
TD Ameritrade Institutional has created integrations with a number of
robo-technology providers. Through these platforms, advisors can learn
to expand efficiency, deliver a modern set of tools for clients of all wealth
levels, grow their client base and AUM and improve their services.
We encourage advisors to connect with an experienced TD Ameritrade
consultant today to discover what types of online advice solutions are
available to help enhance their business.
20% Only 20% of an advisor’s client
base is 40 years old or younger.1
Robo-technology |
1
Source: Aite Group survey of 401 U.S. financial advisors, Q2 2014.
4. 22 to 30 7%
70 or older 14%
41 to 49 19%
50 to 59 25%
60 to 69 21%
31 to 40 14%
4800-934-6124 | tdainstitutional.com Robo-technology |
There has been much media attention given to the rise of robo-
technology solutions in the financial advising space. Advisors who
value face-to-face interactions with their clients may feel threatened
by the growth of automated online advice solutions that appear to
strip the human factor from the advising process.
It’s understandable that advisors who appreciate the personal relationship they
have with their clients may feel uneasy about the evolution of robo-advisory
platforms. By featuring superior technology and lower fees, these online advice
solutions are positioning themselves as a convenient alternative to working with
traditional advisors – particularly for the younger, more technologically savvy set.
Advisors know they must attract the next generation of investors as baby boomers
move into and beyond retirement; the prospect of high-tech competition for the
attention of younger clients could naturally be a bit daunting.
Robo-advisors:
threat or opportunity?
Figure 1: Percentage of RIA clients by age group
Source: Aite Group survey of 401 U.S. financial advisors, Q2 2014.
5. 43%
47%
72%
5800-934-6124 | tdainstitutional.com
However, we feel that, along with the challenge of fresh competition, online
advice solutions can offer exciting new opportunities for traditional advisors.
In fact, many of these platforms have been developed to work with, not against,
advisors. These solutions help advisors to integrate new technologies into their
existing practice, potentially adding convenience, efficiency and scale to their
business. This means traditional advisors can operate at a higher level.
These technologies can also help draw the very demographic advisors need–
younger investors–to help grow a full-service practice that keeps up with our
rapidly changing times. And Registered Investment Advisors (RIAs) can leverage
these platforms to help strengthen current client relationships and build new ones.
Take control
Instead of allowing new technologies to take over their business, traditional
advisors can take control of these new technologies in order to vastly improve
their business. Rather than stripping the human element from advising, we
believe robo-technology can enhance the vital personal relationship between
advisors and their clients.
Robo-technology |
Attract
new clients.
Help them
cut costs.
Help improve firm
productivity.
Source: The 2015 Elite RIA Study by IN Research and BlackRock.
Figure 2: Reasons advisors would offer robo-advice
6. 6800-934-6124 | tdainstitutional.com
In order to identify how best to utilize online advice solutions to
help their own practice, advisors need a clear understanding of
exactly what the technology comprises.
Commonly referred to as robo-advisors, these solutions are set up by firms
to provide investors with automated financial advice while minimizing direct
interaction. Using these sophisticated technology platforms, investors can
easily open, monitor and make transactions within their accounts online.
Most robo-solutions also offer fully automated algorithmic investment planning
capabilities. Leveraging technology and limiting human contact can allow firms
to charge lower fees than traditional advisors, due to the reduced amount of
time spent meeting with individual clients.
What advisors need to do to
attract Next-Gen investors
■■ Create appealing content
■■ Offer financial management and
self-service tools
■■ Expand areas of advice (debt,
work, etc)
■■ Develop online marketing materials
How robo-advisors
work
A collaboration
As noted in the section above, however, the key human relationship between
advisor and client need not be eliminated because of this technology. Some
advisors–including advisors who custody with TD Ameritrade–work in tandem
with online advice solutions to boost the service they already provide, and
to actually help enrich their uniquely human connections with clients.
Robo-technology |
7. 43%
42%
35%
27%
50%
41%
7800-934-6124 | tdainstitutional.com
Face-to-face interaction, after all, will always have value. Consider, for example,
ultra-high-net-worth investors looking to pass their wealth on to the next
generation; it’s unlikely such clients will want to manage a large and complicated
portfolio without having direct communication with an advisor. Many lower-net-
worth or less-experienced investors also appreciate the personalized guidance
only another human being can provide.
The hybrid human/robo approach provides RIAs with a range of services to
help their clients including models, investment management, client-facing
Web portals and advisor dashboards. Leveraging these digital capabilities,
along with an algorithmic investment planning approach, can free up advisors’
time for deeper interactions with their high-net-worth clients and help expand
their reach to that key next generation of investors.
Figure 3: How RIAs plan to attract Next-Gen investors
Create communications/
marketing content that
will appeal to younger
prospects and clients
Create an offer
that provides more
self-service tools
and less advisor-
delivered service
Expand the type
of advice/service
offered to appeal to
a younger audience
Increase online
marketing and social
media marketing efforts
Organize special
events tailored to
young prospects/clients
Allow clients to
open brokearage
or managed
accounts online
Robo-technology |
Source: Aite Group survey of 401 U.S. financial advisors, Q2 2014.
8. 8800-934-6124 | tdainstitutional.com
How robo-advisors
communicate
Robo-technology |
Many firms employing online advice solutions–particularly direct-to-
consumer–conduct almost all of their client communications online.
Thus, their websites must be fully comprehensive, clearly outlining
their products and services and educating investors on key relevant
topics, including tax-loss harvesting, leveraging ETFs and the firm’s
investment methodology.
Compelling video and visuals, various presentations, white papers and other
educational materials that are easily accessible from the website help minimize
direct client interaction. There should still be easy client access to any additional
information needed through the use of phone calls, emails and online chat
requests to the firm’s help center.
Robo-advising firms often reach out to current and prospective clients through
the use of popular social media sites such as LinkedIn, Twitter, Facebook and
YouTube. Such firms can also continuously engage clients through the mass-
communication approach of blogging; this gives advisors the ability to personally
respond to individual inquiries in a timely–and public–manner.
Sophisticated client portals and mobile apps are other must-haves for online
advice providers. Clients want 24/7 access to their accounts so they can monitor
them according to their own schedules. They also want the latest features of client
sites, such as the ability to transfer money, set allocations and receive real-time
performance metrics for all of their accounts.
Essential capabilities
These capabilities can help hybrid advisors to deliver the type of experience that
highly coveted younger clients not only want but fully expect from their financial
services provider. Many older clients have also come to require such services.
These capabilities are equally essential in helping advisors manage a larger client
base while focusing their efforts on what matters most – growing their business
and cultivating client relationships.
What RIAs need to do to
meet client expectations
■■ Have a comprehensive website
■■ Offer compelling video, visuals
and other online presentations
■■ Have sophisticated portals
and mobile apps
■■ Give clients 24/7 access
■■ Engage clients through social media
9. 9800-934-6124 | tdainstitutional.com Robo-technology |
Robo-advising:
the process
Client
Part 2
Ongoing communication
Robo-advisor
Website
Social media
Online chat
Email
Blogs
Call center
Online portal
Account opening
4
Client opens
account online
Client reviews
and approves
investment goals
3
5
Client funds account
from linked checking/
savings account
Client reviews and
approves investment
goals via online portal
6
Algorithmic investment
plan and asset
allocation established
by the robo-advisor
2
Client completes
online risk profile
1
Part 1
10. 10800-934-6124 | tdainstitutional.com Robo-technology |
Direct to consumer:
Online Planning Advice
Target audience: Mass Affluent
Investors, Emerging Affluent
Investors, Gen X/Gen Y
Value proposition: Online planning tools, coaching, recommendations
for saving, budgeting and investing based on a total view of the
investor’s accounts and situation (aggregation data). Some firms
have human Certified Financial Planner (CFP) access and a dedicated
advisor who monitors the investments and rebalances investor
portfolios. Some of these firms provide an overall score, based on
an investor’s aggregated finances –insurance policies, retirement
plans, estate plans, savings, debts and investments–and from
there provide a list of personalized tips in order to improve the
investor’s overall financial well-being.
Direct to consumer:
Online Investment
Management
Target audience: Mass Affluent
Investors, Emerging Affluent
Investors, Gen X/Gen Y
Value proposition: Low-cost/efficient goal-based investment
solutions. Ongoing implementation of investment recommendations,
which may include trading, rebalancing, tax-loss harvesting, etc.
Most firms in this category choose an asset allocation based on
a questionnaire the investor fills out online, while some allow the
investor to select the model portfolios that will be used.
Direct to consumer:
Hybrid Online Advice/
Investment Management
Target audience: Mass Affluent
Investors, Emerging Affluent
Investors, Gen X/Gen Y
Value proposition: Access to online financial planning tools as well as
ongoing implementation of goals-based investment recommendations.
A combination of the two types of offerings above.
Institutional platforms
(B2B)
Target audience: RIAs,
Broker-Dealers
Value proposition: Technology that enables advisors to offer private-
labeled digital capabilities to their clients as a complement to their
personal relationship.
Online advice solutions integrated with TD Ameritrade Institutional’s
Veo®
platform (as of October 2015):
■■ Autopilot Enterprise
■■ Balance
■■ Blueleaf
■■ CLS Autopilot
■■ Envestnet/Upside
■■ FutureAdvisor
■■ InvestCloud
■■ Jemstep AdvisorPro
■■ Modestspark
■■ NestEgg
■■ Oranj
■■ Orion
■■ Rixtrema
■■ Trizic
■■ Wealth Access
■■ Wealthminder
An array of online
advice solutions
11. 38%Concept/planning stage
30%Early stage
16%Halfway through implementation
10%Late stage, almost fully implemented
6%Completed implementation
11800-934-6124 | tdainstitutional.com
Robo-advising — now and in the future
Advisors are just beginning to understand the impact of robo
offerings as both a competitive threat and an exciting opportunity.
According to the 2015 Investment News Tech Study, only 6% of
respondents said they offer robo-advice now, and 12% said they
plan to in the next six to 12 months. So, while the numbers are still
small, if this holds true, that will be a robust 200% increase.
Advisors who offer a robo-like solution are incorporating it to:
Figure 4: Where RIAs are with digital strategy implementation
■■ Deepen relationships with larger-net-
worth households (i.e., $2MM+) by
providing a service for the full family
■■ Monetize a set of smaller account
referrals that are today often
turned away
■■ Segment high-net-worth and
mass affluent clients into
appropriate channel strategies
■■ Deliver a modern set of tools
for clients of all ages and
wealth levels
■■ Prospect and convert leads
online with the ability to guide
to offline resources
■■ Position for intergenerational
wealth transfer by brand-building
with their clients’ family members
early on
Over the next few years, we expect this trend to continue as advisors learn
more about how they can include these systems in their current service model.
And the better the technology available, the more potential benefit for all areas
of an advisor’s practice.
Robo-technology |
Source: Aite Group survey of 401 U.S. financial advisors, Q2 2014.
12. 12800-934-6124 | tdainstitutional.com
TD Ameritrade Institutional has created integrations with a number
of robo-technology providers to help advisors take advantage of
these new offerings and continue to expand their business.
Choice and flexibility are at the core of our technology approach. As with all the
third-party technology applications integrated with our Veo platform, we have
no preference as to which solution you use. We’ll work with any of the online
advice solution providers that meet the criteria we have established to be part
of Veo Open AccessSM
.
In addition to the Veo Open Access vendors, TD Ameritrade offers iRebal®
.
iRebal enables advisors to implement functionality, such as scheduled or ad-hoc
portfolio reviews and tax-loss harvesting*, into their practice. The sophisticated
tools available within iRebal can help lower the cost of ownership per account.
You also have the ability to build your own solution by directly accessing the
Veo Open Access API for cash management functions, new account opening,
trading and more. Combine these functions with the power of iRebal to create a
technology solution to match your firms needs.
You don’t have to change your business model in order to take advantage of
these solutions. At the most basic level, online advice solutions can help you:
TD Ameritrade
Institutional’s offerings
Robo-technology |
Connect now
Connect with an experienced consultant
today to find out what type of online
advice solution is the right one to help
you enhance your business and continue
to focus on the most important thing –
building and maintaining strong client
relationships.
■■ Establish an online account-
opening strategy
■■ Create a pipeline of future high-
net-worth clients
■■ Expand your client base
■■ Increase AUM from a new segment
of the population
■■ Gain additional efficiency with your
current business processes
■■ Provide a better client experience
We encourage you to evaluate all online advice solution providers. Incorporating
this new technology into your business can help position your firm for growth and
continued success for years to come.
