Financial Help and Advice with TD Advisors (2024)

FAQs

Does TD offer financial advice? ›

Looking for financial advice? Book an appointment with a TD advisor who can help you understand your financial health and help you reach your financial goals. Read through our articles, videos, and tools with helpful information for everyday banking, borrowing, saving and financial planning needs.

A financial advisor can give valuable insight into what you should be doing with your money to reach your financial goals. But they don't offer their advice for free.

The average Financial Advisor base salary at TD is $60K per year. The average additional pay is $7K per year, which could include cash bonus, stock, commission, profit sharing or tips.

TD Ameritrade, Member FINRA/SIPC, is an investment firm with over 10,000 employees and offices throughout the world. TD Ameritrade offers a variety of investment and financial tools to its over 6,000 independent advisors and their clients.

A fiduciary works in the best interest of the client and only recommends investments that are the best fit. Nonfiduciaries, such as broker-dealers, need only to recommend products that are “suitable” — even if they're not the lowest-cost or most ideal for you.

But should you hire a financial advisor that's affiliated with your bank? For most people, a bank is their main provider of financial services. But this does not necessarily a bank is the right place for your retirement savings: They may not offer you the advice and services you need.

Without knowing the full scope of services delivered by the advisor, 2% may be too expensive for a portfolio of your size and for a relationship in which tax advice is not provided. This immediate, high-level evaluation is based on benchmarks for typical advisory fees, which we'll dive into shortly.

Although, there are major life events that may prompt you to seek out a certified financial planner for guidance on how to move forward. These life events events may include: A job loss, promotion, or major career transition. A recent engagement, wedding, or divorce.

The benefits of advice were particularly significant for those with less disposable income, and also for people who took advice more than once. The combined benefits of financial advice over the 10-year period work out as approximately 2,400% greater than the initial cost of the advice.

The Financial Advisor identifies member life stage cycle and provides solutions to financial needs, and/or refers member to an appropriate advisor.

How much money do you need for TD private banking? ›

What are the minimum requirements for Private Banking? The minimum requirement for Private Banking is at least CDN $1,000,000 in investable assets with TD.

A financial advisor is worth paying for if they provide help you need, whether because you don't have the time or financial acumen or you simply don't want to deal with your finances. An advisor may be especially valuable if you have complicated finances that would benefit from professional help.

Managed Portfolios also charge annual advisory fees: 0.75% to 0.90% for the first $100,000 for Selective Portfolios and 0.60% to 0.90% for Personalized Portfolios (for both, fees vary by portfolio and investment amount).

Fidelity offers excellent value to investors of all experience levels, and it may be a good fit for some active traders (remember, it doesn't support futures trading). Due to its comprehensive educational offerings, live events, and intuitive platforms, TD Ameritrade is our top choice for beginners.

Not all banks have financial advisors. While most large banks offer full-service products for banking, lending, investing and insurance, other banks may not. In some cases, the banks partner with other financial services companies to refer clients away from the competition.

Banks, insurers and super funds will be allowed to give customers personal financial advice in a major wind back of the tough rules introduced after the scandals revealed at the Hayne royal commission.