TD Ameritrade Institutional’s Eight New Technology Integrations Just Made New Account Openings Even Easier for RIAs
December 17 2018 - 8:00AM
Business Wire
TD Ameritrade now offers RIAs more ways to have
a simpler, faster and more accurate new account onboarding
experience
Going beyond replacing new account paperwork and wet signatures
with digital forms, TD Ameritrade Institutional1 has developed
technology that helps independent registered investment advisors
(“RIAs”) fill out all of those forms with just a few clicks. The
latest enhancements to the TD Ameritrade Institutional Veo One
platform create a more efficient and streamlined new account
opening experience for advisors.
Veo One, the advanced open architecture custody platform, now
offers more ways for RIAs to send new account opening data directly
to TD Ameritrade Institutional for processing. Customer
relationship management (CRM) and portfolio management systems can
now push client data straight into the Veo One Account Opening
Wizard, a tool launched by TD Ameritrade Institutional last year to
create a more seamless account opening experience for RIAs.
Alternatively, advisors and technology firms with their own
account opening solutions can send data directly to TD Ameritrade
Institutional’s back office. And RIAs can continue submitting
information directly through the Wizard.
At its annual Technology Summit earlier this year, TD Ameritrade
Institutional collaborated with technology firms and RIAs to create
the new application program interfaces (APIs) that connect the
account opening information directly into the Wizard.
“We worked with the industry’s leading technology firms and
advisors to come up with an elegant and automated solution for
addressing common frustrations around new account openings,” said
Bob Mahoney, a director of technology solutions at TD Ameritrade
Institutional. “Now, advisors have multiple choices for processing
their documents faster and more accurately.”
The newest platform enhancements help prevent incomplete or
not-in-good-order issues. The result is a simpler and streamlined
account opening process for RIAs.
TD Ameritrade is integrating with eight technology firms --
Advyzon, Agreement Express, Docusign, Envestnet | Tamarac,
iPipeline, Orion Advisor Services, Salesforce and Wealthbox -- as
well as with the proprietary in-house platforms of advisory firms
FTJ FundChoice and Carson Group. More third parties, including
advisor in-house applications, will be added to the platform in the
future in keeping with TD Ameritrade’s open architecture approach
to technology.
“Filling out paperwork can be time-consuming and costly for
advisors, so we’ve streamlined the process with technology that
makes RIAs more efficient and reduces the likelihood of fat-finger
errors,” said Mahoney. “Advisors can spend less time pushing paper
and more time delivering a better client experience, right from the
start.”
Looking ahead, TD Ameritrade Institutional plans to introduce
fully digital, end-to-end account opening capabilities for even
greater speed and efficiency.
Advisors interested in learning more about these new
capabilities can contact TD Ameritrade Institutional Technology
Services at 800-400-6288, option 3, and they can contact the
technology firms cited in this release. Advisors also can visit
https://www.tdainstitutional.com/offerings/technology-platforms.html
to learn more about all our industry-leading technology for
independent RIAs.
Third parties mentioned above are separate from and not
affiliated with TD Ameritrade, which is not responsible for their
services or policies.
1 TD Ameritrade Institutional is a division of TD Ameritrade,
Inc., a brokerage subsidiary of TD Ameritrade Holding
Corporation.
About TD Ameritrade InstitutionalTD Ameritrade
Institutional empowers more than 6,000 independent registered
investment advisors to transform the lives of their clients. We
provide powerful technology and resources that help simplify
running a business and let advisors do what matters most — spend
time serving their clients. Through meaningful innovation,
steadfast advocacy and unwavering service, we support RIAs as they
build businesses that positively impact their clients and
communities. TD Ameritrade Institutional is a division of TD
Ameritrade, Inc., member FINRA/SIPC, a brokerage subsidiary of TD
Ameritrade Holding Corporation.
About TD Ameritrade Holding CorporationTD Ameritrade
provides investing services and education to more than 11 million
client accounts totaling approximately $1.3 trillion in assets, and
custodial services to more than 6,000 registered investment
advisors. We are a leader in U.S. retail trading, executing an
average of approximately 800,000 trades per day for our clients,
more than a quarter of which come from mobile devices. We have a
proud history of innovation, dating back to our start in 1975, and
today our team of nearly 10,000-strong is committed to carrying it
forward. Together, we are leveraging the latest in cutting edge
technologies and one-on-one client care to transform lives, and
investing, for the better. Learn more by visiting TD Ameritrade’s
newsroom at www.amtd.com, or read our stories at Fresh
Accounts.
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Joseph GiannoneCommunications + Public AffairsO: 201-369-8705E:
joseph.giannone@tdameritrade.com
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