The service lets advisers interested in becoming breakaway brokers to explore existing RIA firms, form strategic relationships with other RIAs or develop a succession plan.
“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 advisers,” said Ben Welch, adviser business development, TD Ameritrade Institutional. “RIAConnect meets the increasing demand for a more effective way to connect firms and helps support adviser growth potential.”
Through RIAConnect, TD Ameritrade helps to take advisers’ guesswork out of finding the right fit by carefully vetting and arranging introductions between adviser firms. “Each firm must meet rigorous standards—including a competitive compensation model, proven adviser transition capabilities, an excellent technology platform and operations support and strong compliance systems,” TD Ameritrade said.
More information on the program is available here: http://www.tdainstitutional.com