TD Ameritrade, Inc. (“TD Ameritrade”), a broker dealer subsidiary of TD Ameritrade Holding Corporation, will provide self-directed brokerage account (“SDBA”) services to the ABA Retirement Funds Program (the “Program”), a fully-bundled retirement solution available to law firms and their employees offered by the ABA Retirement Funds, a not-for-profit organization. The 3,700 law firms served by The Program will have access to TD Ameritrade’s award-winning* brokerage services, a broad range of non-proprietary investment choices and independent third-party research and market analysis. The SDBA is designed to meet the needs of experienced investors who want the option to independently and actively manage their retirement portfolios. “TD Ameritrade is well-positioned to meet the sophisticated investing needs of attorneys and employees of law firms served by the ABA Retirement Funds Program,” said Gary Major, director of corporate services, TD Ameritrade. “The SDBA is powered by TD Ameritrade’s leading trading technology and provides access to the thousands of investment options available on our platform, including 100 commission free-ETFs and over 13,000 mutual funds.” Through the new agreement with TD Ameritrade, the SDBA offers several investment options including fixed income products, exchange traded funds (“ETFs”), mutual funds and individual stocks. Not only does the TD Ameritrade SDBA provide comprehensive investment choices, Program participants have multiple ways to trade including by web, phone or through a broker. Program participants can also authorize an independent registered investment advisor (RIA) to manage the SDBA account for them. “The Program was created more than 45 years ago to provide members of the legal community access to full service retirement accounts. We understand that no two law firms are the same and wanted to offer our Program participants access to a leading brokerage provider,” said Scarlett Ungurean, executive director, ABA Retirement Funds. “Through the SDBA services, we are confident TD Ameritrade can provide a broad array of investment options and the service level our participants demand.”
TD Ameritrade provides recordkeepers the tools and support to manage SDBA account transactions more efficiently and cost effectively including:
- Daily data synchronization keeps recordkeeping up to date and ensures daily account information updates and overnight funds movement
- Streamlined account opening reduces time and paperwork for employees and plan sponsors
- ERISA compliance through a specialized Web site and pre-established trade restrictions
- A Dedicated Partner Services Team
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 36 years. An official sponsor of the 2012 U.S. Olympic Team, TD Ameritrade has time and again been recognized as a leader in investment services. Please visit the 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)/NFA ( www.nfa.futures.org) and TD Ameritrade Clearing, Inc., member FINRA/SIPC. The ABA Retirement Funds is an independent company, separate from and unaffiliated with TD Ameritrade.