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New marching orders issued at TD Ameritrade's conference in San Diego: Don't join'em, beat'em!

TD touted its robo hookups and Tom Nally proclaimed RIAs are thisclose to overtaking wirehouses at the standing-room-only, come-as-you-are confab

Author Guest Columnist Timothy D. Welsh February 2, 2015 at 5:21 AM
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Advisors found ample room to spread out at a packed event.



RIA Custodians



Stephen Winks

Stephen Winks

February 3, 2015 — 9:33 PM

I am glad that Robo Advice is finally being viewed as an adjunct in rendering advice essential to providing continuous comprehensive counsel required for professional (fiduciary ) standing. Advanced technology and a more modern approach to portfolio construction is required to manage a broad range of investment and administrative values (risk, return, cost structure, tax efficiency, liquidity, time, etc.) in real time (continuous comprehensive counsel), that enables the diagnostics that accord and reward professional standing. This is the difference between disjointed unrelated transactions and the rendering of advice or the difference in managing money which is client agnostic and client specific advisory services.

TDA is to be congratulated in advancing this message, lost in a brokerage culture. Embrace innovation in the client’s and advisor’s best interest, don’t fight it.


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Mentioned in this article:

TD Ameritrade
Asset Custodian
Top Executive: Tom Nally

Nexus Strategy
Consulting Firm
Top Executive: Timothy D. Welsh

Technology Tools for Today
Consulting Firm
Top Executive: Joel Bruckenstein

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