TD Ameritrade will acquire FA Insight, a research, benchmarking and consulting firm, during the second quarter of this year, TD Ameritrade announced at its annual conference in Orlando, Fla., Thursday.
The move will make big data available to its independent registered investment advisors. The acquisition includes more than a decade of survey data and FA Insight’s industry studies, "People & Pay," an in-depth look at human capital strategies, and "Growth by Design," which examines how standout firms can pursue sustainable growth.
By having FA Insight’s capabilities in-house, TD Ameritrade Institutional will be able to provide its RIAs with access to tailored peer benchmarking data and guidance on such key issues as client acquisition, staffing and compensation, pricing strategies, operational efficiency and risk management, TD Ameritrade says.
“The timely collection and analysis of large sets of market and industry information -- call it Big Data, for short -- is one of the most important trends in financial services. RIA firms want to know how their firms stack up against peers and learn from the business-management practices of standout firms,” TD Ameritrade says.
FA Insight, based in Tacoma, Wash., was founded by Daniel Inveen and Eliza De Pardo. Terms of the deal were not released.