TD Ameritrade Institutional1
takes advisor matchmaking to a new level with RIAConnect. For independent registered investment advisors (RIAs) and those who want to become one, RIAConnect can be a catalyst to help them pursue a wide range of business goals. Whether an advisor wants to join an existing RIA firm, achieve scale through strategic relationships or secure a succession plan, they will be introduced to established RIA firms with proven capabilities to support their objectives.
Ben Welch, director, advisor business development, TD Ameritrade Institutional (Photo: TD Ameritrade)
“As breakaway brokers continue to seek the benefits of the independent RIA model and a large number of RIAs near retirement, we’re seeing unprecedented opportunities to create mutually beneficial relationships between advisors,” said Ben Welch, director, advisor business development, TD Ameritrade Institutional. “RIAConnect meets the increasing demand for a more effective way to connect firms and helps support advisor growth potential.”
RIAConnect addresses a variety of situations and opportunities including:
- Advisory firms that want to merge or integrate with a larger RIA firm in order to bring together complementary business capabilities and gain efficiencies.
Joining an Established RIA Firm
- Advisors who are interested in selling their business to a third party because of retirement or to create a full or partial liquidity event.
Keeping Commission-Based Business
- Breakaway brokers looking to achieve independence, with the benefits of joining an established RIA firm with existing infrastructure and support.
- Advisors who want to pursue the benefits of the RIA model to have more control over how they manage client assets and keep more of what they earn, but require an existing broker-dealer relationship to handle their commission business.
RIAConnect is designed to take the guesswork out of finding the right fit. Advisors will be introduced to firms that have been carefully vetted using a proprietary selection process. Each firm must meet rigorous standards, including a competitive compensation model, proven advisor transition capabilities, an excellent technology platform and operations support and strong compliance systems.