TD Ameritrade unveils $100k RIA innovation quest
TD Ameritrade Institutional is challenging the best and the brightest to step up to the plate with ideas that will transform the registered investment advisors (RIA) profession.
Its inaugural Innovation Quest competition will award a total of $100,000: the top three finalists will each receive $25,000, and the winner will take home an additional $25,000.
“To meet the demands of the next generation of investors, the RIA industry needs a healthy dose of innovation,” says Jim Dario, MD of product management at TD Ameritrade Institutional.
The firm says entries could include innovations that focus on advisor efficiency, cybersecurity, financial planning, client experience, and new ways to deliver financial advice.
In the obligatory bout of self-promotion, TD Ameritrade Institutional says throughout its 43-year history, it has been an “innovator” itself.
According to the firm, its list of “firsts” for investors include: the first to offer touch-tone telephone trading (1988); the first to offer mobile device trading (1999); the first to pioneer digital investment advice with Amerivest4 (2004); the first to integrate real-time Twitter data into stock research (2015); and the first to offer 24-hour trading five days a week (2018).
Innovation Quest is open to all US residents. Application close 15 September 2018.
You can apply here.
The top three finalists will be announced on 15 October 2018.