TD Ameritrade Institutional launches RIAConnect, helping RIAs to explore M&A opportunities

Maria Nikolova

RIAConnect aims to facilitate virtual introductions between potential acquirers and firms exploring a sale or a merger.

TD Ameritrade Institutional today announces the launch of RIAConnect®, a new technology tool that makes it easier for independent registered investment advisors (RIAs) to make connections that can help them pursue their strategic goals.

RIAConnect aims to facilitate virtual introductions between potential acquirers and firms exploring a sale or a merger. It can assist firms looking to implement succession or contingency plans. Additionally, it connects firms that want to hire next-generation talent with graduates and career-changers looking to join an advisory firm.

RIAConnect provides all these services to clients of TD Ameritrade Institutional. Also, clients have seamless access to RIAConnect through Veo One®, TD Ameritrade Institutional’s advanced custody and brokerage platform.

Meanwhile, the RIA industry faces a talent shortage as a wave of retirements is expected to outpace the numbers of young professionals joining RIA firms. RIAConnect offers an effective way to search for high-performing talent by connecting firms with recent graduates and career changers.

Likewise, young professionals, career-changers and financial planning students now have a greater opportunity to connect with advisors and explore job opportunities.

Through the platform, RIAs can create profiles that include geographical location, investment philosophy, value proposition, professional goals and objectives. RIAConnect uses these criteria to suggest firms or individuals that may be a good match. Advisors then can message other advisors or next gen candidates revealing their identity only when they choose.

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