BUSINESS & SOLUTIONS UPDATE OCTOBER 2012 TABLE OF CONTENTS Solutions Investment Solutions ___________________________________________________________ 2 Practice Management Solutions __________________________________________________ 4 Updates Technology __________________________________________________________________ 5 What’s Going On in the Industry __________________________________________________ 6 Marketing ____________________________________________________________________ 9 Resources Investment Managers _________________________________________________________ 11 Affinity Services Providers ______________________________________________________ 13 Research Reports ____________________________________________________________ 15 Events & Education Where in the World Is TD Ameritrade Institutional? ___________________________________ 18 Advisor Education from TD Ameritrade ____________________________________________ 19 Web Training Sessions ________________________________________________________ 20
Transcript
BUSINESS & SOLUTIONS UPDATEOCTOBER 2012
TABLE OF CONTENTSSolutionsInvestment Solutions ___________________________________________________________ 2Practice Management Solutions __________________________________________________ 4
UpdatesTechnology __________________________________________________________________ 5What’s Going On in the Industry __________________________________________________ 6Marketing ____________________________________________________________________ 9
Events & EducationWhere in the World Is TD Ameritrade Institutional? ___________________________________ 18Advisor Education from TD Ameritrade ____________________________________________ 19Web Training Sessions ________________________________________________________ 20
[ 2 ]BUSINESS & SOLUTIONS UPDATE – OCTOBER 2012
SOLUTIONS InvESTMEnT SOluTIOnS
Explore Customized Structured Products for Your ClientsAs we described in a recent article, one strategy for protecting capital and enhancing returns is to incorporate struc-tured products into a client’s portfolio. Structured products can be effective investment solutions for clients who have general parameters when it comes to risk tolerance and time horizon, because they offer:
• Up to 100% principal protection (only if held to maturity)
• Varying participation rates in the performance of equity indices, baskets, commodities, etc.
While the one-size-fits-all structure of standard shelf and calendar offerings delivers convenience, some clients may be better served with a custom solution.
Gain Flexibility with a Tailored SolutionTo help you deliver a tailored investment approach, TD Ameritrade Institutional’s Fixed Income team works with originators to create customized structured products to help you meet your client’s specific needs. Please note: Each customization requires a minimum investment amount depending on the issuer and the product.
Whether your client seeks principally protected exposure to a specified underlying asset, shorter or longer maturities, or varying buffers and payout structures, our Fixed Income team can source between several originators to create a more tailored structured product. A customized structured product can, for example, be issued within a shorter time frame, which can help defray the cost of market volatility.
Learn MoreTo learn more about customized structured products, call a specialist on the Institutional Fixed Income Desk at 800-355-2297.
Structured Products are pre-packaged investments and generally contain a derivative or option component. Investors should thoroughly review the risks associated with a Structured Product prior to making an investment. Structured Products are not suitable for all investors. Risks include but are not limited to a potential loss of principal, lack of liquidity prior to maturity, a disparity between the price movement of the note and the value of the underlying assets, and the credit quality of the issuer or the possibility that at expiration the investor will own the reference asset at a cost basis above its current price. Before investing in a structured product, investors should carefully consider the product’s objectives, return potential, risks and expenses. Investors should read the Offering Circular carefully before investing.
Announcing a New Strategic Relationship with South Dakota Trust Company To help you provide comprehensive investment solutions to your clients, TD Ameritrade Institutional maintains stra-tegic relationships with trust companies that are part of our Affinity Services Provider program. These independent firms’ work can be of valuable assistance in helping you to meet your clients’ financial goals. Additionally, they often offer preferred pricing to advisors that work with TD Ameritrade Institutional.
South Dakota Trust Company has recently joined the Affinity Services Provider program. With more than $9 billion in assets currently under administration, South Dakota Trust Company LLC (SDTC) offers pure trust administration, working with whomever you choose regarding investments, insurance, and custody. This gives you the flexibility to implement a solution in a way that best fits your business, goals, and needs.
SDTC also administers trusts with non-financial assets, including LLCs, FLPs, closely held stock, real estate, and off-shore entities.
Read about South Dakota Trust Company.
Learn MoreTo learn about independent firms that can provide dedicated trustee, trust administration, and back-office services, see veo® > Resource Center > Practice Management > Affinity Services > Investment Solutions. If you have any questions, please contact your Service Team at 800-431-3500, option 3.
TD Ameritrade and South Dakota Trust Company LLC are separate and unaffiliated companies and are not responsible for each other’s policies or services. Access to Affinity Services Program vendors is provided solely as a service to financial advisors using the brokerage, execution and custody services of TD Ameritrade Institu-tional. These services are offered at a discount directly through the participating vendors. Participating vendors are independent and are not employees or agents of TD Ameritrade. TD Ameritrade does not guarantee nor is it responsible for the quality or accuracy of any vendor’s product or service. In no instance should the listing of a vendor be construed as a recommendation or endorsement by TD Ameritrade. Furthermore, TD Ameritrade does not recommend or endorse any security described by any vendor.
Achieve Results by Putting the Right Team in PlaceBuilding a high-performing team may be a critical part of creating a successful advisory practice. Many think that making a simple hiring decision is the key, but having a more clear approach for managing and building your team can be the difference between good and great.
In fact, human-capital-related expenses account for 73% of most advisory firms’ expenses, representing the largest expense.1 Are you getting the maximum return on your investment?
Refining how you tackle this challenge can make it much less difficult to find, nurture, and retain valued team mem-bers. When you invest time in finding the right people and provide them with resources designed to help them suc-ceed, you’ll be on your way to creating a firm that is positioned to thrive.
Coming Soon: A New Program Designed to Help You Achieve Your Business Visionlater this month, TD Ameritrade Institutional will introduce a new series developed in collaboration with Paragon Resources as part of a new Building High-Performing Teams program. This series of resources and tools is being developed to help you assess, design, build, and lead your optimal team. It will cover four main areas: Assess, Design, Build and lead.
Each area will have a guidebook that offers you a step-by-step, strategic approach to help you build a high-performing team. The guidebooks will be complemented by research insights and a webcast series. These tools and resources will be designed to help you work toward having the right people in the right roles, so that your business can reach its greatest potential.
Learn MoreTo learn more contact your Strategic Relationship Manager.
12011 InvestmentNews/Moss Adams Adviser Compensation and Staffing Study.
[ 5 ]BUSINESS & SOLUTIONS UPDATE – OCTOBER 2012
UPDATES TECHnOlOGY
Junxure Added to the Veo® Platform’s Open Access Capabilities An integrated technology solution can be key to running your business smoothly and efficiently. To help you get more from the third-party software tools you already use, we continue to add to the list of third-party providers that are inte-grated with veo.
Recently, we added:
• Junxure,† a customer relationship management (CRM) system
About JunxureJunxure is a comprehensive, integrated CRM system created exclusively for financial advisors. It now has Veo client data available, which means you can:
• View Veo alerts in your Junxure CRM
• Access critical Veo client data such as:
- Account information
- Balances
- Positions
- History
• Leverage your Veo client data in workflows
Access additional information about this integration. and learn more about Junxure’s† key features.
For instructions on how to activate your veo client data in Junxure, please contact Technology Services at 800-431-3500, option 3, or email [email protected].
Learn More about Veo Open AccessWe will continue to integrate third-party technology providers, bringing efficiencies to your business operations. To learn more, visit www.tdainstitutional.com/openaccess or call Technology Services at 800-431-3500, option 3.
† Please note that by clicking on the hyperlink provided you will enter an unaffiliated third-party website to access its products and services. The third-party site is gov-erned by its posted privacy policy and terms of use, and the third-party is solely responsible for the content and offerings on its website.
Since we must ensure that all vendors meet our stringent security requirements, integration with new vendors is not immediate and cannot be guaranteed. Access to third party providers is provided solely as a service to financial advisors using the brokerage, execution and custody services of TD Ameritrade Institutional. Participating providers are independent and are not employees or agents of TD Ameritrade. TD Ameritrade does not guarantee and is not responsible for the quality or accuracy of any provider’s product or service. In no instance should the listing of a provider be construed as a recommendation or endorsement by TD Ameritrade. Furthermore, TD Ameritrade does not recommend or endorse any security described by any provider.
Changes to Money Market Funds on Hold This past August, the SEC tabled a proposal to regulate money market mutual funds because there weren’t enough votes on the Commission to approve it.
The SEC chairman, Mary Schapiro, said the 2008 financial crisis highlighted the need for the proposed reforms. Mon-ey market mutual funds played a significant role in the 2008 financial crisis, when the Reserve Primary Fund “broke the buck,” announcing that clients would get back only 97 cents of every dollar they had invested. This move sparked customers’ withdrawal of about $300 billion from money market funds within about one week, which contributed to the global credit freeze.
The Proposed RegulationsIn an attempt to reduce the threat of such runs on money market mutual funds in the future, the SEC proposal would have made the following changes:
• In order to help make clear that the funds are investment accounts – not banking accounts with an implied guarantee of stable principal – money market funds would have been required to let their share prices fluctu-ate, and disclose their share prices.
• In order to protect against losses, money market firms would have been required to hold more cash reserves, or capital.
• Customers wanting to close their account would have been required to wait 30 days before receiving a portion of their invested cash.
Even though these recent proposals have been tabled, the efforts to change the way money market funds are regulated are not necessarily finished. Schapiro could re-start the process, or it could be taken up by the Financial Stability Oversight Council.
Additional Information To learn more, read the statement on the Regulation of Money Market Funds by SEC Commissioners Daniel M. Gallagher and A. Paredes.
Save the Date: Post-Election Webcast on November 7, 2012Save the date for a post-election webcast: “What Now? Post-election, what can we expect from Washington as it pertains to investors and financial advisors?” Hear from third-party industry experts on what we might expect in 2013 regarding:
o Deficits, taxes, spending
o Advisor regulation
o Retirement plan regulation
Webcast details:Date: Wednesday, november 7, 2012Time: 4:30 p.m. ET
Register now and stay tuned for additional information on this important and timely webcast.
Help Your Community: Join Us in Supporting Americans in NeedYou still have the opportunity to double the impact of a contribution to the Foundation for Financial Planning. The matching grant program put in place by TD Ameritrade Institutional means that we will match each of your dollars, one for one, until our $1 million pledge is reached.
The Benefit to Our Military, Youth, and OthersThe Foundation for Financial Planning brings financial planning support to Americans who need this help but cannot afford it. They provide grants to local organizations to support the volunteer services of financial planners.
So far, through the Foundation’s work, around 75,000 underserved individuals have received financial planning assistance. When you contribute to their efforts, you will be supporting programs that deliver:
• Help for military personnel: Both veterans and active-duty military, as well as their families, get help from the Foundation in meeting the unique financial challenges of military life
• Counseling for victims of the 9/11 attacks: Family members and other victims of the 9/11 attacks find trustworthy guidance through the Foundation’s programs
• Educational opportunities for students: Additionally, the Foundation’s grants sustain the development of financial literacy programs for students at the high school and college levels
Create a Stronger Community: Contribute TodayThe foundation works hard to make budgeting, debt, and credit management easy to understand. This lays the critical groundwork for building stronger communities and brighter futures for individuals.
use this pledge form to make your contribution, or contact the Foundation at 770-938-1100 or www.foundation-finplan.org.†
† Please note that by clicking on the hyperlink provided you will enter an unaffiliated third-party website to access its products and services. The third-party site is gov-erned by its posted privacy policy and terms of use, and the third party is solely responsible for the content and offerings on its website.
Now on Veo®: Find Valuable Information about Estate Planning and Education Planning To make it simpler to learn more about the investment solutions offered by TD Ameritrade Institutional, you can now find Veo product pages focused on Estate Planning and Education Planning.
Estate PlanningWhen you offer estate planning services, you can broaden the value you bring to clients and capitalize on a significant opportunity to grow your business. Estate planning provides a valuable service for your high-net-worth clients, and it can enhance the longevity of your practice by engaging a family’s next generation of investors.
Help your clients protect their legacy, transition their wealth, and meet their charitable giving goals with estate plan-ning solutions offered by TD Ameritrade Institutional. Go to veo > Resource Center > Investment Solutions > Estate Planning to find detailed information on services and resources available through TD Ameritrade Institutional, including:
• Personal trusts
• Charitable giving
Education PlanningThrough TD Ameritrade Institutional, you can provide your clients with solutions to help them plan for the growing costs of education. We offer access to several education planning solutions — from a 529 college savings plan to a variety of custodial accounts — all with flexibility, various investment choices, and no annual maintenance fees.
Be prepared to offer your clients choice, flexibility, and affordability in planning for the cost of higher education – and help them potentially harness valuable tax advantages. Go to veo > Resource Center > Investment Solutions > Edu-cation Planning to find detailed information on:
• The TD Ameritrade 529 College Savings Plan
• Coverdell Education Savings Accounts (ESAs)
• Uniform Gifts to Minors Act (UGMA)/Uniform Transfers to Minors Act (UTMA) custodial accounts
Find Investment Solution Information to Help Support Your BusinessThese two new sections add to the resources you can already find in the new Investment Solutions section of the Veo platform’s Resource Center. When you go to Veo > Resource Center > Investment Solutions, you’ll also find valuable information – including manager information and commentary – in the following areas:
[ 10 ]BUSINESS & SOLUTIONS UPDATE – OCTOBER 2012
UPDATES MARKETInG
• Managed account solutions, including the Separate Account Exchange (SAE), the Unified Managed Account Exchange (UMAX), the Managed Assets Program (MAP), and Third-Party Providers (TAMPs)
• Retirement solutions, including retirement plan solutions, self-directed brokerage accounts within a retire-ment plan, individual plans, and annuities
• Investment products, from equities and fixed income to IPOs, cash management and lending, mutual funds, exchange-traded funds and notes, and options
visit veo > Resource Center > Investment Solutions today to discover solutions and services that can help you ex-ceed your clients’ expectations.
If you have questions, please contact your Service Team at 800-431-3500, option 3.
The TD Ameritrade 529 College Savings Plan (the “Plan”) is one of four college savings plans sponsored by the State of Nebraska and Administered by the Nebraska State Treasurer. The Plan offers a series of invest-ment Portfolios within the Nebraska Educational Savings Plan Trust (the “Trust”), which offers other invest-ment Portfolios not affiliated with the Plan. The Nebraska State Treasurer serves as Trustee and First Nation-al Bank of Omaha serves as Program Manager. TD Ameritrade, Inc. markets the Plan. The Plan is intended to operate as a qualified tuition program, pursuant to Section 529 of the U.S. Internal Revenue Code.
You should be aware that other states may sponsor their own qualified tuition plans and may offer a state tax deduction or other benefits that are limited to residents who invest in that plan. You should consult with your financial, tax or other advisor about state and local tax benefits or limitations based on your specific situation. Favorable tax treatment by your state of residence should be one of many appropriately weighted factors you should consider in making an investment decision.
Before investing in the Plan, carefully consider the investment objectives, risks, charges and expenses involved. This and other information regarding the plan is included in the Program Disclosure Statement and Participation Agreement and each prospectus on the underlying investments, which may be obtained by emailing us at [email protected] or by calling 877-408-4644. Please read each prospectus, the Program Disclosure Statement, and Participation Agreement carefully prior to investing. Investment return and principal value of an investment will fluctuate so that an investor’s units, when withdrawn, may be worth more or less than their original cost.
Access to Managed Account Solution programs are provided solely as a service to financial advisors using the brokerage, execution and custody services of TD Ameritrade Institutional. Participating investment managers are independent and are not employees or agents of TD Ameritrade. TD Ameritrade does not guarantee nor is responsible for the quality or accuracy of any investment manager’s product or service. In no instance should the listing of an investment manager be construed as a recommendation or endorsement by TD Ameritrade. Please contact the investment manager directly for the most recent information pertaining to their investment styles and management fees.
TD Ameritrade Institutional does not provide tax advice. You and your clients may wish to contact a qualified tax professional for more information.
Investment Strategies from Astor Asset Management LLC and Philadelphia International Advisors LP on Separate Account ExchangeIf you offer Managed Account Solutions, you can access investment strategies from Astor Asset Management llC and Philadelphia International Advisors lP in a sub-advisory, dual contract, or model-based capacity.*
Astor Asset Management LLC was formed by former Federal Reserve analyst Robert Stein and is a subsidiary of Knight Capital Group, Inc. The firm specializes in managing tactical exchange-traded fund (ETF) portfolios and believes that long-term financial goals for investors should include capital appreciation, as well as limited volatility and quick recovery times from market losses.
The goals of Astor’s approach are to limit drawdowns and generate profits in virtually all market environments. Astor’s proprietary macroeconomic model, “The Astor Model,” developed by Stein and his team, is the principal basis for investment decisions. This model analyzes economic data such as gross domestic product (GDP), inflation, employment, money flows, and overall market conditions in order to determine the current phase of the business cycle (expansion, peak, contraction, or trough), and to tactically allocate portfolios.
Astor offers three investment strategies through the Separate Account Exchange:
• Astor Long/Short Balanced
• Astor STAR
• Astor Active Income
For more information about Astor Asset Management and its products, visit www.astorllc.com† or call 800-899-8230.
Philadelphia International Advisors LP (PIA) traces its roots to The Glenmede Trust Company, where it operated as the international equity team from 1987 to 2001. This team launched PIA in 2002 as an SEC-registered partnership – one that currently manages more than $3 billion for a wide variety of institutional and individual investors.
The PIA approach to international investing is long-term and risk-aware. The PIA Proprietary Company Ranking Pro-cess ranks companies by country according to valuation metrics, profitability characteristics, and earnings catalysts. To become part of the PIA “buy universe” companies must rank in the top 30% within each country and have a market capitalization greater than $900 million.
From this “buy universe” of approximately 300 companies, PIA research analysts conduct fundamental due diligence with a keen focus on liquidity, balance sheet strength, industry fundamentals, and management quality. The result of their efforts is a portfolio with better value, growth, and yield characteristics than the benchmark—and with broad geo-graphic and sector diversification. Additionally, portfolios are fully invested and emerging markets exposure is limited to a maximum of 20%.
*Access to Astor Asset Management LLC and Philadelphia International Advisors LP is provided solely as a service to financial advisors using the brokerage, execu-tion, and custody services of TD Ameritrade Institutional. Astor Asset Management llC and Philadelphia International Advisors lP and TD Ameritrade Institutional are separate, unaffiliated companies and are not responsible for one another’s policies and services. TD Ameritrade Institutional does not guarantee nor is it responsible for the quality or accuracy of Astor Asset Management LLC and Philadelphia International Advisors LP products or services. In no instance should the listing of a Money Manager be construed as a recommendation or endorsement by TD Ameritrade Institutional. Furthermore, TD Ameritrade Institutional does not recommend or endorse any security described by any Money Manager.
† Please note that by clicking on the hyperlink provided you will enter an unaffiliated third-party website to access its products and services. The third-party site is gov-erned by its posted privacy policy and terms of use, and the third party is solely responsible for the content and offerings on its website.
[ 13 ]BUSINESS & SOLUTIONS UPDATE – OCTOBER 2012
RESOURCES AFFInITY SERvICES PROvIDERS
Third-Party Providers to Help You Create Efficiencies Our Affinity Services Program offers you access to a wide selection of third-party service providers,* many of which have agreed to provide their services at a discount to advisors that work with TD Ameritrade Institutional, including the Investment Adviser Association (IAA) and Paragon Resources.
The Investment Adviser Association (IAA) is a non-profit organization that exclusively supports SEC-registered firms with a full range of services. IAA’s membership consists of more than 500 companies that manage assets for a variety of individual and institutional clients.
The Association’s services include:
• Advocacy: IAA represents the interests of member firms before the U.S. Congress, federal, state, and inter-national regulators
• Compliance: IAA maintains an extensive online library for members, and IAA’s legal staff provides valuable information to members about the ever-changing regulatory maze
• Education: IAA workshops and webcasts cover topics of interest to investment advisors on a variety of busi-ness and compliance issues
To learn more, please visit www.investmentadviser.org/eweb.†
Paragon Resources is a training and consulting firm that works exclusively with investment professionals. With a specific focus on providing assistance with practice management challenges, Paragon Resources helps advisors build strong teams. Their starting point is a thorough understanding of your needs, business structure, goals, and team dynamics.
With the goal of helping advisors make wise decisions about how to grow their practices, Paragon Resources pro-vides objective recommendations in the areas of:
• Team development
• Role definition
• Interpersonal conflict issues
• Systems and standards development
• Client acquisition
• Client engagement
For more information, visit www.paragonresources.com,† or contact Krista Sheets at 770-319-0310 or [email protected].
*TD Ameritrade, Investment Adviser Association (IAA) and Paragon Resources are separate and unaffiliated companies and are not responsible for each other’s policies or services. Access to Affinity Services Program vendors is provided solely as a service to financial advisors using the brokerage, execution and custody services of TD Ameritrade Institutional. These services are offered at a discount directly through the participating vendors. Participating vendors are independent and are not employees or agents of TD Ameritrade. TD Ameritrade does not guarantee nor is it responsible for the quality or accuracy of any vendor’s product or service. In no instance should the listing of a vendor be construed as a recommendation or endorsement by TD Ameritrade. Furthermore, TD Ameritrade does not recommend or endorse any security described by any vendor.
† Please note that by clicking on the hyperlink provided you will enter an unaffiliated third-party website to access its products and services. The third-party site is governed by its posted privacy policy and terms of use, and the third party is solely responsible for the content and offerings on its website.
[ 15 ]BUSINESS & SOLUTIONS UPDATE – OCTOBER 2012
Gain Efficiency with the Enhanced Morningstar Advisor Workstation In order to continue providing advisors with an advanced and efficient tool, Morningstar has regularly added enhance-ments to Advisor Workstation since it was first introduced a decade ago. Now the new Advisor Workstation 2.0 offers a comprehensive overhaul of the application, with many improvements and new features based on requests from advisors who use it every day.
This new version of Advisor Workstation features more intuitive navigation, increased flexibility, a new home page, and new functionality within each module. Additionally, Morningstar made several underlying technology changes – updating data tables, the data source, the report structure, and more – to improve the stability and security of the application.
Advisor Workstation 2.0 offers enhancements to the following areas:
Home Page• View an overview page for your firm
• Customize the page to best fit your working style
• Launch the most frequently used tools with just one click
• See a list of favorite securities for the latest performance numbers, at a glance
• Directly generate investment detail reports and Morningstar reports
• Access a list of most recently modified files
• View the Morningstar Market Barometer and market charts as soon as you log in
Clients & Portfolios Module• Create portfolios quicker with fewer steps
• Use the new client criteria search feature to quickly query your entire practice to find specific clients, such as those with more than $1M in assets
• Create model portfolios using static percentage weights (in addition to creating them by security shares or dollar amounts)
• Take advantage of expanded limits on report length
• Get immediate delivery of Report Builder Output
• Access up to 25,000 indices available for benchmarking
• Find the entire money market universe –– available for benchmarking
RESOURCES RESEARCH REPORTS
[ 16 ]BUSINESS & SOLUTIONS UPDATE – OCTOBER 2012
RESOURCES RESEARCH REPORTS COnTInuED
Research Module• Enjoy more intuitive structure to find securities, create lists, and generate reports
• Use streamlined search logic
• View four times as many on-screen results than with the previous version of Advisor Workstation
• Quickly compile multi-security research reports with the Security Report Builder function, including investment details, graphs, price and distribution information, and underlying holdings
• Search across all investment types
Hypotheticals Module• Obtain results in fewer steps
• Generate reports at any step in the illustration process
• Get more securities per report
• Try new reports that focus on distributions and withdrawals, a correlation matrix, and a “Rolling Returns” feature that illustrates the impact of long-term investing
• Use the new automatic benchmarking option (also available in Clients & Portfolios) to allocate a custom benchmark based on underlying asset classes or Morningstar Categories in a portfolio
learn more about Advisor Workstation 2.0.
To learn more about Morningstar Advisor Workstation, or to start a free trial, visit http://advisor.monringstar.com/goto/tda.†
† Please note that by clicking on the hyperlink provided you will enter an unaffiliated third-party website to access its products and services. The third-party site is gov-erned by its posted privacy policy and terms of use, and the third party is solely responsible for the content and offerings on its website.
TD Economics Forecasts TD Economics produces reports that focus on monetary policy, with analysis of fiscal and regulatory policy where circumstance dictates. The tools used in producing their quarterly forecasts of the U.S. economy include an econo-metric model built and maintained by Macroeconomics Advisors llC, an extensive statistical database of u.S. economic and financial market data and a wide range of public and private information sources.
TD Economics Research Reports are available to you as well as to your clients. You can find the latest reports by going to veo® > Resource Center > Market Information Center, and also at veo > Research > TD Economics. The latest reports include:
• U.S. Outlook Read more††
• Global Economic Outlook Read more††
To learn more about TD Economics, please visit http://www.td.com/economics/†† or contact your Service Team at 800-431-3500.
TD Economics is a subsidiary of TD Bank Group. TD Economics and TD Ameritrade Institutional are affiliated through their respective parent companies.
†† Please note that by clicking on the hyperlink provided you will enter an affiliated third-party website to access its products and services. The third-party site is gov-erned by its posted privacy policy and terms of use, and the third party is solely responsible for the content and offerings on its website.
Capital Market Consultants Economic CommentaryCapital Market Consultants (CMC) is the third-party research provider for the bundled offering of the TD Ameritrade Institutional Unified Managed Account Exchange program. Its regular economic commentary includes monthly reports covering major economic indicators and featuring a detailed capital market update.
The latest commentary from CMC covers the following topics:
• Fading concerns about a slowdown in the U.S. economy
• Deleveraging, unemployment, and the recession
• The Fed and further stimulus
• Ongoing investor wariness
Read the full commentary.
Additionally, you can read about the findings of the recent quarterly CMC Manager Survey, which indicated that the investment community believes global economic and u.S. corporate performance will stay near their current trajectories. View the survey findings.
To gain more insight, join quarterly webcasts hosted by CMC exclusively for advisors that custody with TD Ameritrade Institutional. To find out more about upcoming webcast topics and registration details, please view the veo Web Training Calendar located under Education and Training on the veo home page.
Capital Market Consultants is not affiliated with TD Ameritrade Institutional. TD Ameritrade Institutional is not responsible for the suitability of the information provided by Capital Market Consultants. TD Ameritrade Institutional does not provide investment advice, investment management, or tax advice. You and your clients may wish to contact independent sources for this information.
EVENTS & EDUCATION WHERE In THE WORlD IS TD AMERITRADE InSTITuTIOnAl?
FPA Chapter Leaders Conference, Broomfield, CO, November 2 - 4†
FPA’s Chapter leaders Conference is the annual gathering of the chapter leader community. This event provides the opportunity for chapter leaders to come together with others from across the country to gain a deeper understanding of FPA’s key messages and strategic priorities. TD Ameritrade Institutional is proud to be a national sponsor of the event. learn more†
NAPFA East, Baltimore, MD, November 6 - 9†
Attend nAPFA’s regional event to take some core courses, hear from industry leaders, and key into the best practices for your business. TD Ameritrade Institutional is proud to be the national sponsor of this opportunity to learn and share with your peers. Register now†
Women Advisors Forum, Boston, MA, October 30, and Newport Beach, CA, November 15† For women with an investment advisory career – whether in a major wirehouse, a regional brokerage, private banking, an independent firm, or an RIA – this is an opportunity to network with other high-ranking women advisors looking to reach their peak performance. TD Ameritrade Institutional is proud to be a national sponsor of the series. learn more†
† Please note that by clicking on the hyperlink provided you will enter an unaffiliated third-party website to access its products and services. The third-party site is gov-erned by its posted privacy policy and terms of use, and the third-party is solely responsible for the content and offerings on its website.
EVENTS & EDUCATION ADvISOR EDuCATIOn FROM TD AMERITRADE
In one convenient location, Advisor Education delivers professional development resources, tools, and content. visit veo® to access valuable information to help you grow your skills and expertise.
now, to add to its already broad offering, Advisor Education offers two new courses focused on options:
Introduction to Options: This course is designed to teach the basic components of options contracts. You’ll learn about:
• The different types of options
• How to read options quotes
• How to interpret an option chain
Covered Calls: This course helps you to define a covered call trade, and to:
• Calculate the maximum gain, maximum loss, and breakeven point for a covered call trade
• Select a potential covered call
• Execute your covered call strategy
To access these courses, go to Veo > Resource Center > Advisor Education. If you have questions about the pro-gram, please email us.
Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses. Options trading subject to TD Ameritrade review and approval. Please read Characteristics and Risks of Standardized Options before investing in options.
Keep in mind, a covered call strategy can limit the upside potential of the underlying stock position, as the stock would likely be called away in the event of substantial stock price increase.
Gain Business Insights with Our Latest Web Training Sessions learn how you can save time, spend more of your day with clients and potentially grow your business through TD Ameritrade Institutional’s instructor-led online training sessions.
Highlights for the month:
Protecting a Concentrated Stock Position with a Collar Join us for this informative webcast to:
• Discover how equity collars can potentially protect concentrated stock positions
• Discuss the criteria that should be considered, the potential benefits, and drawbacks of utilizing collars
Date Offered at 4:30 p.m. ETOctober 30 Sign up now
Create a Long Stock Position without the Stock Join us for this informative webcast to:
• Learn how to build synthetic stock positions using options
• Learn about potentially reducing exposure to volatility and time decay
• Understand how to take advantage of moves in the underlying position
Date Offered at 4:30 p.m. ETNovember 6Sign up now
Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses. Options trading subject to TD Ameritrade review and approval. Please read Characteristics and Risks of Standardized Options before investing in options.
Web training sessions are provided for informational purposes only. While the information is deemed reliable, TD Ameritrade Institutional makes no representations or warranties with respect to the accuracy or completeness of the information provided.
TD Ameritrade Institutional and the third-party companies listed are separate and unaffiliated companies, and are not responsible for each other’s policies or services.TD Ameritrade Institutional, Division of TD Ameritrade, Inc., member FInRA/SIPC/nFA. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc.
