Want to jump into the fiduciary fight, but are too busy running a business? TD Ameritrade Institutional has the tool for you.
The custodial giant is making it easier for independent registered investment advisors “to make their voices heard in Washington.” The firm announced at its Advocacy Leadership Summit on Tuesday in Washington, D.C. that it will release a new online communications tool to help RIAs to “stay informed and take action on regulatory issues that might have an impact on their businesses and clients.”
Called the TD Ameritrade Institutional Advocacy Action Tool, the online hub will provide RIAs with regulatory updates, comment letters and one-click access to send a message to their Congressional representatives.
“While the independent nature of RIAs is what make this industry so unique, it can be a challenge to make an impact in D.C. without a strong, unified front,” Skip Schweiss, TD Ameritrade Institutional’s managing director of advisor advocacy and industry affairs, said in a statement. “RIAs are subject to changing regulation, which, in turn can impact how they serve investors. Our new Advocacy Action Tool offers these small business owners a way to amplify their collective voice when there is a need to educate lawmakers on important issues.”
According to the company, the Advocacy Action Tool serves three key purposes:
- Inform RIAs and stakeholders about important legislative issues that have a potential to impact their businesses and their clients
- Involve RIAs in grassroots campaigns to influence positive outcomes for the industry and investors
- Connect RIAs to Capitol Hill by providing the ability to efficiently send messages to key government policy makers
RIAs can have a more “meaningful impact and better position their industry for the future.” The steps to get started are as follows:
- Register online at: www.tdainstitutional.com/takeaction
- Enter your address into the TD Ameritrade Institutional Advocacy Action Tool to look up your local representative
- Access summaries of current issues and regulatory proposals
- Use our form letters to submit comment letters directly to key legislators
- Receive timely updates on key regulatory proposals and stay up-to-date on issues with the potential to impact RIAs and investors
“By making it more efficient for the nearly 28,000 registered investment advisers to reach out to policy makers on key issues, we can help demonstrate to lawmakers that this industry is one that deserves to be heard,” Schweiss added.