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TD Ameritrade Partners With Succession Link to Help RIAs

Oct. 29, 2013
Brokers, Investing
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SuccessionLink and TD Ameritrade announced a partnership that will help independent brokers and RIAs ways to add scale and build their practices. The partnership addresses the growing trend of advisors growing their businesses through acquisitions, as this is often the quickest way to invest in new capabilities and to add talented professionals. SuccessionLink is essentially an exchange that allows advisors to buy and sell their financial advisory practices. The firm does not charge transactional fees listing fees or membership fees to sellers, and for buyers just a nominal subscription fee is required. Through Succession Link, advisors can look through a listing of firms that are available for purchase. Once acquiring advisors find firms that seem to be a good fit, and if they meet the seller’s requirements as potential buyers, Succession Link provides them with personal introductions to the selling firm. It also provides advisors with access to resources that aide in the transaction process. For TD Ameritrade, this partnership brings additional capacity to help its over 4,500 RIA clients, some of whom are trying to grow their business via acquisitions. Although TD Ameritrade currently has an internal program for buying and selling practices, Succession Link expands the options available.

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