Deals & People September 4, 2012

TD Ameritrade Names Dario Managing Director

 

Jim Dario has been named managing director of product management for TD Ameritrade Institutional.

 

 

Reported by

Dario will lead product development and enhancements for technology, practice management and wealth management solutions. He will oversee new product introductions and the delivery of key solutions, including technology integrations, business development tools and investment management products, to supportmore than 4,000 independent registered investment advisors (RIAs) who custody with TD Ameritrade. 

Dario has spent more than 25 years focused on serving RIAs and has been influential in building awareness of the independent advisory model. Before joining TD Ameritrade, Dario was managing director of business development and relationship management at Pershing Advisor Solutions, where he was responsible for adviser recruiting and business development programs to assist RIAs in growing their businesses.  

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Previously, Dario served as the executive vice president of relationship management at Fidelity Institutional Wealth Services. He led service and relationship management teams to help RIAs meet business goals through by applying industry best practices, including marketing and business development, workflow processes, and technology usage.

“Jim has been an advocate for the RIA industry for more than two decades,” said Tom Nally, president, TD Ameritrade Institutional. “This sense of service to advisers aligns with TD Ameritrade Institutional’s values and vision for the future. As an industry veteran who has worked in the trenches with advisers, Jim brings a deep understanding and appreciation for the unique challenges and opportunities RIAs face today. We’re thrilled to have him join us in our commitment to providing RIAs with the technology, practice management and wealth management solutions they need to serve their clients.”

Dario holds a bachelor’s degree in government from Saint Lawrence University, as well as Series 6, 7, 9, 10, 24 and 63 licenses.

 

Data & Research September 4, 2012

Advisers and Annuities Boost Retirement Confidence

Retirement confidence is high for both Baby Boomers and Generation X, according to a report from the Insured Retirement Institute (IRI).
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IRI research shows 76.2% of Baby Boomers and 78.2% of Generation Xers stated they were somewhat to extremely confident they will have enough money to live comfortably throughout their retirement years. However, only 51.4% of Baby Boomers and 40.7% of Generation Xers have calculated how much they will need in retirement savings. Roughly one-fifth (21.6%) of Baby Boomers and 40.8% of Generation Xers have less than $50,000 saved for retirement; and 21.7% of Baby Boomers and 27.8% of Generation Xers reported having no savings for retirement.   

In addition, many members of both generations (40.8% of Baby Boomers and 45.1% of Generation Xers) report they are “not very” or “not at all” knowledgeable about investing in securities.  

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The research found that working with a financial adviser increases retirement confidence. Among Baby Boomers who consulted with a financial adviser, 42.8% are extremely or very confident compared with 32.3% of those who did not. Among individuals in Generation X who consulted a financial adviser, 47.6% are extremely or very confident compared with 28.9% of those who did not.   

In addition, those who have calculated their retirement savings needs have higher levels of confidence in meeting their retirement savings goals. Among Baby Boomers who completed the calculation, 44.2% are extremely or very confident compared with 29.0% of those who did not. Among individuals in Generation X who completed the calculation, 46.9% are extremely or very confident compared with 27.9% among those who did not.

 

 

(Cont...)

According to IRI, which provides education about annuities and insured retirement strategies, its research shows annuity owners have higher levels of retirement confidence. Among Baby Boomers who own an annuity, 53.4% are extremely or very confident compared with 31.0% who do not. Among individuals in Generation X who own an annuity, 49.4% are extremely or very confident compared with 31.2% among those who do not.  

IRI also found annuity owners are more likely to engage in positive planning behaviors, such as completing a retirement savings need calculation – 69.6% of Baby Boomer and 60.4% of Generation X annuity owners compared with 44.3% of Baby Boomers and 34.0% of Generation Xers who do not own an annuity; and consulting a financial adviser – 73.7% of Baby Boomer and 62.3% of Generation X annuity owners compared with 34.8% of Baby Boomers and 29.7% of Generation Xers who do not own an annuity.  

Percentages of both generations reported that in the past 12 months they stopped adding money to a retirement savings plan (29.3% of Baby Boomers and 22.6% of Generation Xers); postponed plans to retire (20.9% of Baby Boomers and 17.1% of Generation Xers); and prematurely withdrew funds from a retirement plan (16.0% of Baby Boomers and 15.0% of Generation Xers).  

The IRI report is here.

 

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