TD Ameritrade Announces Essential Portfolios Robo-Advisor
November 01 2016 - 9:00AM
Business Wire
Fully Digital Automated Experience with Passive
ETF Portfolios to Keep Cost Low
TD Ameritrade Holding Corporation (Nasdaq:AMTD) is expanding its
digital advice offerings with the soft launch of Essential
Portfolios1 – an automated, low-cost
advisory service for digital-first investors. The national launch
of Essential Portfolios is expected in early calendar year
2017.
Research has shown that people who have a financial plan with
specific goals are 85 percent confident they will reach their
retirement goals (versus 28 percent that do not). That’s where
Essential Portfolios comes in – allowing investors to establish a
goal, intuitively assess their risk tolerance level, and identify
key dates for long-term financial goals like college savings or
retirement. From there, the algorithmic platform matches them with
objective portfolio recommendations based on their financial goal.
Essential Portfolios offers flat-fee structure investment
alternatives that include a variety of passive, index-based
nonproprietary ETFs and a $5,000 minimum deposit aimed to suit
investors who seek low-cost financial solutions and an intuitive
digital experience from start to finish.
This launch follows the June re-release of Amerivest Managed
Portfolios, which underwent a significant digital enhancement.
Amerivest offers investors a self-guided digital investment
guidance experience, paired with as much or as little human
interaction as investors want.
“Today’s investors want more choices for investment advice. Some
want that guidance to come from a human, partnered with digital
platform, while others might prefer an all-human or all-digital
approach. Our job is to deliver solutions that are easy-to-use,
effective and allow our clients to grow with us as their needs
evolve,” said Tom Bradley, president of retail distribution at TD
Ameritrade. “Essential Portfolios is a great example of how we were
able to leverage Amerivest’s existing technology to create an
all-digital version for the more value-conscious investor.”
Essential Portfolios: The benefits of professional management
at a low cost
- Five diversified, model portfolio
strategies with fund recommendations by the objective professionals
at Morningstar® Investment Management LLC
- Each portfolio consists of five ETFs
and cash (weighted average expense ratio of 6 to 8 bps)
- Competitive and low-cost pricing to
keep the service affordable (flat-fee structure of 30 bps)
- Embedded goal planning and tracking
tools
- Key statistics on the portfolio
holdings
- Additional features and upgrades will
be introduced throughout the coming months, including tax loss
harvesting
Getting Started
- Visit
https://www.tdameritrade.com/investment-products/essential-portfolios.page
to open an account in 15 minutes or less via desktop, tablet or
phone
- Set a personalized investing goal
- Select your personal risk
tolerance
- Receive a recommendation for a specific
model portfolio
- Open a TD Ameritrade Investing
Account
- Invest a minimum of $5,000
Ongoing Monitoring and Support
- Monitoring and automatic rebalancing by
Amerivest
- Online dashboards for easy performance
monitoring
- “On the go” access to account
information through Essential Portfolios mobile app
- Embedded investment alerts and
updates
- Essential Portfolios support team
available via live chat, e-mail and phone
To learn more about Essential Portfolios, Amerivest and other
solutions for investors of all ages and experience levels at TD
Ameritrade, visit
https://www.tdameritrade.com/investment-products.page.
About TD Ameritrade Holding CorporationMillions of
investors and independent registered investment advisors (RIAs)
have turned to TD Ameritrade’s (Nasdaq: 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 40 years. An official sponsor
of the 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.
Brokerage services provided by TD Ameritrade, Inc., member
FINRA (www.FINRA.org)/SIPC (www.SIPC.org)
About Amerivest Investment Management, LLCEssential
Portfolios is an investment advisory service of Amerivest
Investment Management, LLC (Amerivest), a registered investment
advisor. Brokerage services provided by TD Ameritrade, Inc. TD
Ameritrade, Inc. and Amerivest Investment Management, LLC are both
wholly owned subsidiaries of TD Ameritrade Holding Corporation.
Amerivest is a trademark of TD Ameritrade IP Company, Inc.
Amerivest provides non-discretionary and discretionary advisory
services for a fee. Risks applicable to any portfolio are those
associated with its underlying securities. For more information
please see the Amerivest Disclosure Brochure (ADV Part 2).
Amerivest Investment Management, LLC, will assess an annual
advisory fee based on the value of assets in your TD Ameritrade
Investing Account. The fee for all Amerivest clients will be
assessed at the beginning of each quarter in advance for that
quarter and will be prorated for accounts opened and closed during
that quarter. TD Ameritrade, Inc. will not charge commissions for
eligible securities trades placed in your TD Ameritrade Investing
Account. All fees are subject to change.
About Morningstar Investment Management LLCMorningstar
Investment Management LLC is a registered investment advisor and
subsidiary of Morningstar, Inc. Morningstar Investment Management
provides consulting services to Amerivest Investment Management,
LLC ("Amerivest") by providing recommendations to Amerivest
regarding asset allocation targets and selection of securities;
however, Amerivest retains the discretion to accept, modify or
reject Morningstar Investment Management’s recommendations.
Morningstar Investment Management selects securities from the
universe of investments made available through TD Ameritrade. In
performing its services, Morningstar Investment Management may
engage the services of its affiliate, Morningstar Investment
Services LLC, a registered investment advisor and subsidiary of
Morningstar Investment Management. Neither Morningstar Investment
Management nor Morningstar Investment Services is acting in the
capacity of advisor to Amerivest's clients. Asset Allocation target
allocations are subject to change without notice. Morningstar
Investment Management establishes the allocations using its
proprietary asset classifications. If alternative classification
methods are used, the allocations may not meet the asset allocation
targets. The Morningstar name and logo are registered marks of
Morningstar, Inc. Morningstar Investment Management is not
affiliated with Amerivest or TD Ameritrade.
Source: TD Ameritrade Holding Corporation
1 Essential Portfolios is offered through Amerivest Investment
Management, LLC (“Amerivest”) , an investment advisory affiliate of
TD Ameritrade, Inc. (“TD Ameritrade”) and a subsidiary of TD
Ameritrade Holding Corporation.
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version on businesswire.com: http://www.businesswire.com/news/home/20161101005347/en/
TD Ameritrade Holding CorporationFor Media:Rebecca Niiya,
402-574-6652Communications & Public
Affairsrebecca.niiya@tdameritrade.com@TDAmeritradePRorFor
Investors:Jeff Goeser, 402-597-8464Investor Relations &
Financejeffrey.goeser@tdameritrade.com
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