TD Ameritrade continues RIA growth trendPosted by RJ and Makay on Apr 19, 2012 |
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TD Ameritrade continued in its fiscal second quarter to bring “breakaway” brokers into the company at the double-digit pace set in 2011, the company said today. 104 breakaways formed registered investment advisories and signed up with TD during the second quarter, an increase of 10% from Q2 2011. Net new assets for the quarter reached $10.8 billion, an annualized growth rate of 11%. Fiscal year to date, 204 advisors have come on board.
The Financial Services Institute’s (FSI) OneVoice conference recently hosted a panel on the top 10 technology trends that currently impact independent broker-dealers, and the trends that will likely affect them in the future. Spenser Segal, CEO of ActiFi, moderated for panelists Suresh Kumar of Pershing and Ron DePoalo of Fidelity, in a discussion on the impact of technology. Their commentary is included in the following list of trends.
A Senate panel was told Wednesday that OCIE “will not have sufficient capacity in the near or long term to conduct effective examinations of registered investment advisors with adequate frequency,” according to Carlo di Florio, director of the Securities and Exchange Commission’s Office of Compliance Inspections and Examinations (OCIE).
