The bank says the products will help it 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.
TD Automated Investing is a 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. TD also says clients 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.
In addition to its new automated investment portfolio offerings, TD now has more than 100 licensed and trained financial advisors (FAs) in stores from Maine to Florida, with plans to add 350 additional advisors in the coming years.