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TD Ameritrade Institutional and National Advisors Trust Company Form Strategic Alliance to Offer Trust Services for RIAsWith baby boomers projected to pass on trillions of dollars in the coming decades, registered investment advisors ("RIAs") not only must focus on attracting younger clients, they need to help existing clients preserve their wealth and hold on to the assets they already manage. With that in mind, TD Ameritrade Institutional1 has formed a strategic alliance with National Advisors Trust Company, FSB, an independent, advisor-owned trust company, to create Advisors Private Wealth Trust ("APWT"), a corporate trustee offering exclusive to RIAs that custody assets with TD Ameritrade Institutional. These services are available now. Advisors who offer trust services can better position themselves to attract clients who are looking to preserve their family's wealth for future generations. And for advisors, designating a corporate trustee can address what's known as "successor trustee risk," which emerges when a new trustee takes over after the primary trustee dies. In such cases, trust assets could move away from the independent advisor and into a local or national bank that was appointed the successor trustee. Independent advisors can improve their chances of retaining assets they manage by offering clients a trustee choice that also supports the independent investment management model of RIAs. Moreover, advisors can put themselves in front of the next generation investors, a group projected to inherit as much as $30 trillion in financial and other assets from baby boomers by the year 2030.2 This strategic alliance combines the reach of TD Ameritrade Institutional, one of the country's largest custodians with more than 4,500 RIA clients, and NATC, a nationally chartered trust company that was founded by advisors and has no competing investment management business. APWT will serve as TD Ameritrade Institutional's corporate trustee solution, one that is integrated with TD Ameritrade Institutional in terms of client service and technology. "As the baby boomers age, demand for trust services will only increase, particularly among high net worth investors. With Advisors Private Wealth Trust, RIAs can grow their businesses and gain a share of the wealth set to be transferred between generations," said Jim Dario, managing director of product management and services at TD Ameritrade Institutional. "This new offering can help advisors build stronger relationships with the next generation and it puts them in a better position to keep the assets they already manage." Service and Support "We look forward to rolling out a comprehensive suite of corporate trustee services to advisors on the TD Ameritrade Institutional platform," said Jim Combs, president and chief executive, National Advisors Trust Company. "Advisors Private Wealth Trust offers advisors an attractive solution for providing trust services to their clients. We believe advisors and their clients will benefit by working with a trust services company that's owned by advisors, understands the needs of RIAs and has a history of stable ownership." Advisors Private Wealth Trust offers advisors a conflict-free way to access corporate trustee services, with custody of the assets remaining at TD Ameritrade Institutional. Beyond competitive pricing, advisors receive ongoing support from TD Ameritrade Institutional as well as dedicated trust officersto help establish trust accounts and provide administrative services. By offering trustee services through Advisors Private Wealth Trust, advisors can ensure their clients' trusts receive independent, impartial oversight from a committed, dedicated trustee, all while continuing to manage the assets. Clients can be assured their trusts will receive professional fiduciary oversight, a duty that family or friends may not always be equipped to handle, and that they can still work with their advisor to manage the assets. Advisors can take the opportunity to review any trusts they manage and now can provide another option for clients to appoint an RIA-friendly successor trustee, such as Advisors Private Wealth Trust, helping increase the likelihood they will retain assets when the current trustee dies or becomes incapacitated. If the successor is an unaffiliated financial institution, such as a big bank, advisors risk seeing those assets walk out the door. To Learn More To learn more about Advisors Private Wealth Trust, send email to [email protected] or call TD Ameritrade Institutional at (800) 934-6124. Attendees of TD Ameritrade Institutional's annual advisor conference, 2015 National LINC, can also get a firsthand look at Advisors Private Wealth Trust during sessions hosted by executives of TD Ameritrade and NATC. Click here for agenda details. Advisors Private Wealth Trust is a Trust Representative Office of National Advisors Trust Company, FSB ("NATC"). TD Ameritrade and NATC are separate and unaffiliated companies and are not responsible for each other's policies and services.
About TD Ameritrade Institutional
About TD Ameritrade Holding Corporation Brokerage services provided by TD Ameritrade, Inc., member FINRA (www.FINRA.org) / SIPC (www.SIPC.org)
About National Advisors Trust Company
1 TD Ameritrade Institutional is a division of TD Ameritrade,
Inc., a brokerage subsidiary of TD Ameritrade Holding Corporation. Source (News - Alert): TD Ameritrade Holding Corporation
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