TD Bank, whose corporate parent once owned 40% of TD Ameritrade, is launching its first robo-adviser, TD Automated Investing, and a hybrid adviser, TD Automated Investing Plus.
Both offerings provide clients with access to seven globally diversified portfolios of exchange-traded funds and mutual funds that were designed by TD Wealth’s investment professionals to help meet differing risk profiles and financial goals as well as automated monitoring and rebalancing, the company said in a release.
TD Automated Plus also provides access to a centralized advisory team. The bank has more than 100 registered representatives at its branches.
Account minimums for the robo are $5,000, with an annual advisory fee of 0.30% with a $75 minimum. The minimum for TD Automated Investing Plus is $25,000, with an annual advisory fee of 0.60% with a $250 minimum.
TD Bank is the U.S. unit of Toronto-based Toronto-Dominion Bank.
[More: 5 largest robo-advisers by AUM]
The post TD Bank to offer robo-adviser appeared first on InvestmentNews.
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