DALLAS, Aug. 29, 2017 /PRNewswire/ -- XYPN17 – XY
Planning Network (XYPN), a turnkey financial planning platform for
fee-only financial advisors that serve Gen X and Gen Y investors,
today launched XY Investment Solutions (XYIS), a wholly-owned
subsidiary of XYPN that will provide a turnkey asset management
platform (TAMP) solution for XYPN's 425 members, created in
collaboration with TD Ameritrade Institutional and built using
RobustWealth, a leading digital wealth management platform for
financial advisors.
Available to all XYPN advisors, XYIS was created to meet the
specific needs of serving Gen X and Gen Y clientele, providing a
digital-first experience for advisors and their clients, and
investment management with no account minimums to support those
just getting started with saving. Available models will include
low-cost passive ETF portfolios, factor-based portfolios from
Dimensional Fund Advisors, and a Socially Responsible Investing
(SRI) offering for socially conscious young investors.
"The real value XYPN advisors bring to clients is their focus on
financial planning, not investment management. The XYIS platform
will let advisors focus on what they do best and outsource less
critical functions such as account-opening, trading, and
rebalancing," said Alan Moore,
co-founder of XY Planning Network. "Both TD Ameritrade
Institutional and RobustWealth have been incredible allies in
developing XYIS, sharing our commitment to increasing accessibility
for nextgen advisors through superior technology. We look forward
to our continued partnership and fueling the program's growth."
XYIS' technology-forward user interface, which utilizes features
developed by RobustWealth, allows advisors to streamline the client
onboarding process; secure transactions on a client's behalf using
electronic signatures; and store protected data all through a
digital, compliant solution. Clients also have access to the
platform and can review their information through a clean,
easy-to-navigate client portal.
"The marketplace is changing and our industry needs to be
thinking about new, sustainable business models that will appeal to
different demographics," said TD Ameritrade Institutional
Managing Director Kate Healy, a
leading advocate for next generation advisors and women. "XY
Planning Network's new investing platform is the kind of innovative
thinking that can help RIAs be the choice of a new generation."
RobustWealth CEO, Rick
Frisbie, said, "RobustWealth was designed for advisors
who see the benefits of enhancing their practice through a
comprehensive technology stack, an advantage that allows them to
focus on what they do best: serving clients. We appreciate XYPN's
confidence in our platform and are looking forward to delivering an
incredible experience to their advisors."
XY Planning Solutions is now available for all members of the XY
Planning Network. To learn more, visit
www.XYInvestmentSolutions.com. For media inquiries, contact
xypn@ficommpartners.com.
About XY Planning Network:
The XY Planning Network is
the leading organization for fee-only financial advisors who want
to serve their Gen X and Gen Y peers providing comprehensive
financial planning services for a monthly subscription fee and
without product sales or asset minimums. The Network offers a
virtual community for new and established financial advisors who
want to serve a younger clientele, and provides its members
compliance support services, marketing support, business tools and
templates, and a wide range of technology solutions.
About TD Ameritrade Institutional
TD Ameritrade
Institutional is a leading provider of comprehensive brokerage and
custody services to more than 5,000 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 (NASDAQ: AMTD).
Brokerage services provided by TD Ameritrade, Inc., member FINRA
/ SIPC
About RobustWealth:
RobustWealth is a digital wealth
management platform built by and for investment advisors, and
engineered to satisfy their unique needs. It integrates previously
modular features into one seamless suite that advisors can leverage
to optimize their practice on their clients' behalf. The
easy-to-use technology is delivered in a completely private-labeled
environment, customized to the advisor's brand. RobustWealth is
headquartered in Lambertville, New
Jersey, and has offices in Denver and the San
Francisco Bay Area.
SOURCE XY Planning Network