XYPN members will have access to TD Ameritrade Institutional’s Veo platform, which is integrated with 104 third-party technology providers to help RIAs operate more efficiently and take advantage of the latest innovations, according to the company.
“We are making sure young advisors have the right technology and business consulting to improve the probability of success because it is hard to get started,” said Thomas Nally, president of TD Ameritrade Institutional.
Generation X is defined by the Pew Research Center as Americans between the ages of 36 and 51 while members of Generation Y, also known as millennials, are those between 18 and 35.
“Many of the financial advisors working with XYPN are small business and have too low of assets to garner the attention of large custodians,” Nally told Financial Advisor magazine. “Through the collective with XYPN, TD Ameritrade will create a team that specifically focuses on them in a way we wouldn’t have before cutting a deal like this.”