CHERRY HILL, N.J. and
NEW YORK, Oct. 18, 2021 /PRNewswire/ -- Today, TD Bank
announced it has launched the Bank's first robo-advisor, TD
Automated Investing, and hybrid advisor, TD Automated Investing
Plus, helping TD to further meet the growing demands for
individualized financial advice and investment solutions across all
client segments.
Both offerings provide clients access to TD Strategic Portfolios
– seven globally diversified portfolios of exchange traded funds
(ETFs) and mutual funds designed by TD Wealth's investment
professionals to help meet differing risk profiles and financial
goals - as well as automated monitoring and rebalancing.
"With the introduction of TD Automated Investing and TD
Automated Investing Plus, TD will now be able to engage earlier in
the Customer's wealth journey on their terms, combining the best of
digital with an unexpectedly human approach," says Peter Mottek, EVP, Head of U.S. Wealth. "The
foundation of all of our Wealth offerings at TD goes beyond a
transparent and thorough conversation. It begins by
understanding what matters most to every customer, today and in the
future."
TD Automated Investing and TD Automated Investing
Plus
TD Automated Investing is an affordable digital advisory
offering that aligns the client's risk profiles with one of U.S.
Wealth's professionally managed portfolios leveraging an end-to-end
digital account opening process. Clients also get peace of mind,
through automated monitoring and rebalancing, that their portfolio
is always aligned to their risk profile. A customer can open an
account with as little as $5,000 with
an annual advisory fee of 0.30% with a $75 minimum.
TD Automated Investing Plus offers the same features as TD
Automated Investing, with additional access to a centralized
advisory team to assist with building a personalized financial plan
and ongoing advice. It requires a minimum of $25,000 with an annual advisory fee of 0.60% with
a $250 minimum.
Expanding Financial Advisor Presence from Maine to Florida
In addition to its new automated investment portfolio offerings,
TD now has more than 100 licensed and trained financial advisors
(FAs) in Stores across the footprint, with plans to add 350
additional advisors in the coming years.
TD is steadfast in its commitment to providing financial advice,
goals-based planning, and customized solutions to its customers,
regardless of asset size or where they are in their financial
journey. With the continued expansion of in-house FAs, a growing
number of relationship managers (RMs) serving the high-net worth
client segment, and the introduction of automated, managed
solutions (TD Automated Investing and TD Automated Investing Plus),
TD Bank and TD Wealth are better positioned to provide Customers
across the footprint the customized financial solutions they need
to help meet their goals through various life stages.
"We are unequivocally committed to elevating financial and
investment advice across the entire Bank," says Ernie Diaz, Head of U.S. Consumer Distribution,
Wealth and TD Auto Finance for TD Bank. "These new products and
offerings, grounded in upfront planning, prioritization and
uniformity, will help TD meet the needs of our clients and
colleagues."
To learn more about TD Wealth and its offerings at
http://www.tdbank.com/investments.
About TD Bank, America's Most Convenient Bank®
TD Bank, America's Most Convenient Bank, is one of the 10
largest banks in the U.S., providing more than 9.6 million
customers with a full range of retail, small business and
commercial banking products and services at more than 1,100
convenient locations throughout the Northeast, Mid-Atlantic, Metro
D.C., the Carolinas and Florida.
In addition, TD Bank and its subsidiaries offer customized private
banking and wealth management services through TD
Wealth®, and vehicle financing and dealer commercial
services through TD Auto Finance. TD Bank is headquartered in
Cherry Hill, N.J. To learn more,
visit www.td.com/us. Find TD Bank on Facebook at
www.facebook.com/TDBank and on Twitter at www.twitter.com/TDBank_US
and www.twitter.com/TDNews_US.
TD Bank, America's Most Convenient Bank, is a member of TD Bank
Group and a subsidiary of The Toronto-Dominion Bank of Toronto, Canada, a top 10 financial services
company in North America. The
Toronto-Dominion Bank trades on the New
York and Toronto stock
exchanges under the ticker symbol "TD". To learn more, visit
www.td.com/us.
About TD Wealth
Through TD Bank N.A.,TD Wealth's Private Client Group and its
affiliates work with mass affluent and high net worth individuals
and institutions to help build, preserve and transition wealth. TD
Wealth is committed to helping personal investors, institutional
and non-profit organizations gather and potentially grow their
assets by building long-lasting relationships, and is affiliated
with one of the 10 largest financial institutions in the U.S., TD
Bank, America's Most Convenient Bank®. From private banking,
securities, investment advisory services, private trust, and estate
planning, to institutional trust, including retirement planning,
captive insurance and trustee services, TD Wealth creates and
delivers customized and integrated wealth management solutions.
Banking, investment and trust services are available through TD
Bank. Securities and investment advisory products are available
through TD Private Client Wealth LLC, member FINRA/SIPC (TDPCW).TD
Wealth is a service mark of The Toronto-Dominion Bank. For more
information, visit http://www.tdbank.com/investments.
TD Wealth is not a tax or legal advisor. You must consult with
your own tax and legal advisors for specific advice pertaining to
your estate planning needs.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/td-bank-strengthens-investment-advice-offerings-with-launch-of-robo-advisor-301401130.html
SOURCE TD Bank