ROSELAND, N.J., Oct. 14, 2014 /PRNewswire/ -- ADP Retirement
Services is pleased to announce a new business relationship with TD
Ameritrade to provide plan sponsors with a self-directed brokerage
account (SDBA) option they can offer to their plan
participants. This option will be made available starting
immediately, the company announced today.
Self-directed brokerage accounts give participants access to a
broad range of investment vehicles and enable them to have greater
control over their retirement and personal assets. For plan
sponsors, SDBAs can enhance benefits packages which could help
employers boost employee satisfaction and increase retention
rates.
"We're very pleased to announce a business relationship with a
strong brand like TD Ameritrade," said Chris Augelli, vice president of product
marketing and business development for ADP Retirement
Services. "The SDBAs offered by TD Ameritrade will provide
our plan sponsors with additional options for plan participants who
are looking to complement their core investment strategy with
self-directed investment options."
Through TD Ameritrade, plan participants will have access to a
variety of investments and can turn to an independent Registered
Investment Advisor (RIA) for retirement account advice and insights
on management. They can also leverage Research &
Ideas, TD Ameritrade's online resource which offers third-party
market analysis. Participants can access their accounts
online, making it even easier to track investments.
"An added benefit of SDBAs is that plan participants can access
their brokerage window while still receiving the tax benefits of
investing within an employer-sponsored plan," said
Augelli.
For more information about ADP Retirement Services, please
visit:
http://www.adp.com/solutions/services/retirement-services.aspx
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 39 years. An
official sponsor of the 2014 and 2016 U.S. Olympic and Paralympic
Teams, 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.
About ADP
Employers around the world rely on
ADP® (NASDAQ: ADP) for cloud-based solutions and
services to help manage their most important asset – their
people. From human resources and payroll to talent management
to benefits administration, ADP brings unmatched depth and
expertise in helping clients build a better workforce. A
pioneer in Human Capital Management (HCM) and business process
outsourcing, ADP serves more than 610,000 clients in 100
countries. ADP.com.
Media Contact:
Jim Duffy
ADP
(973) 712-2070
Jim.Duffy@ADP.com
SOURCE ADP