TD Ameritrade Institutional to Host a Fiduciary Leadership Summit on Behalf of Financial Advisors and Investors

  TD Ameritrade Institutional to Host a Fiduciary Leadership Summit on Behalf
  of Financial Advisors and Investors

  Industry Leaders Gather to Address Investor Protections and the Future of
            Financial Advice Regulation in a Post-Dodd-Frank World

Business Wire

SAN DIEGO -- January 31, 2013

TD Ameritrade Institutional^1 will bring industry influencers, independent
registered investment advisors (RIAs) and consumer advocates together for a
Fiduciary Leadership Summit to be held June 13, 2013, in conjunction with the
Elite Advisor Conference. The Summit aims to elevate the discussion around
improving investor protections and increasing clarity regarding regulations
poised to impact the RIA industry and retail investors.

“While some of the conversations and debate may have temporarily subsided,
proposed regulatory actions around improving advisor oversight and the
application of a uniform fiduciary standard are not going away and should be
addressed proactively,” said Tom Nally, president, TD Ameritrade
Institutional. “The Summit offers an opportunity for industry stakeholders to
come together and discuss ways to help guide policymakers toward the best
possible outcomes for RIAs and their retail investor clients. We look forward
to having a productive conversation and developing an advocacy action plan
that is driven by industry collaboration and puts the interests of investors

The RIA industry is at a pivotal point in time as regulators consider new and
enhanced rules which could impact the way RIAs serve their clients and run
their businesses. Summit participants will discuss the status of regulatory
proposals outlined in the Dodd-Frank Wall Street Reform and Consumer
Protection Act and address key issues, including the future of the fiduciary
standard, improving advisor oversight and investor protections and raising
consumer awareness of the benefits of working with a fiduciary advisor.

“As fiduciary advisors, RIAs are well positioned to provide investors with
independent, objective advice in these uncertain economic times. However,
consumer awareness remains low regarding the difference between investment
advice models and the fees and potential conflicts of interest that can exist
in some areas of the financial advice industry,” added Skip Schweiss, managing
director of advisor advocacy and industry affairs at TD Ameritrade
Institutional. “It’s important that, in addition to meeting with our industry
peers, we seek the support and input of leading consumer groups and investor
advocates to address concerns and uncover opportunities to advocate for and
educate RIAs and their retail investor clients.”

The Summit builds on TD Ameritrade Institutional’s previous successful
advocacy efforts. Those include leading a charge to defeat the Broker-Dealer
Exemption Rule, helping shape the updated RIA custody rule and elevating the
discussion on Dodd-Frank Act Sections 913 and 914, which address the fiduciary
standard of care and advisor oversight, respectively.

TD Ameritrade Institutional has been a longtime advocate for RIAs and their
clients. It supports upholding the strict fiduciary standard of care, which
requires RIAs offering ongoing investment advice to act in a way that puts the
best interest of their client first. TD Ameritrade Institutional has also
worked directly with policymakers to inform the discussion around advisor
oversight and has proposed recommendations for improving the efficiency and
effectiveness of regulatory exams. To arm policymakers with information to
help improve investor protections without significantly increasing the
regulatory burden on advisors, TD Ameritrade Institutional supported two
research efforts; “On the Regulation of Investment Advisory Services: Where Do
We Go from Here?”, a study conducted by associate professor of finance, James
J. Angel, Ph.D., CFA, Georgetown University and “Investment Adviser Oversight;
Economic Analysis of Options”, a study conducted by the Boston Consulting

The Fiduciary Leadership Summit is an invitation-only event. For more
information, including updates on industry affairs and news impacting RIAs and
investors, please visit, follow us on Twitter
@TDA4Advisors and connect on LinkedIn.

For more information about TD Ameritrade Institutional, please visit

James J. Angel, Georgetown University and the Boston Consulting Group are
separate from and not affiliated with TD Ameritrade, which is not responsible
for their content, research, policies, or services.

About TD Ameritrade Institutional
TD Ameritrade Institutional^1 is a leading provider of comprehensive brokerage
and custody services to more than 4,500 fee-based, independent registered
investment advisors and their clients. Our advanced technology platform,
coupled with personal support from our dedicated service teams, allows
investment advisors to run their practices more efficiently and effectively
while optimizing time with clients.

About TD Ameritrade Holding Corporation
Millions of investors and independent registered investment advisors (RIAs)
have turned to TD Ameritrade’s (NYSE: AMTD) technology, people and education
to help make investing and trading easier to understand and do. Online or over
the phone. In a branch or with an independent RIA. First-timer or
sophisticated trader. Our clients want to take control, and we help them
decide how - bringing Wall Street to Main Street for more than 36 years. TD
Ameritrade has time and again been recognized as a leader in investment
services. Please visit TD Ameritrade’s newsroom or for more

Brokerage services provided by TDAmeritrade, Inc., member FINRA
( /SIPC ( /NFA (

^1TD Ameritrade Institutional is a division of TD Ameritrade, Inc., a
brokerage subsidiary of TD Ameritrade Holding Corporation.



TD Ameritrade Holding Corporation
Kristin Petrick, 402-574-6569
Communications & Public Affairs
Mobile: 402-218-9813
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