Note from the CEO: Big news. A firm with a new robo-advisor. Oh yeah, been there, done that, seen that….yawn. What can you say? Well, just say nice product TD Ameritrade and welcome to the club.

"TD Ameritrade Holding Corporation (AMTD) is expanding its digital advice offerings with the soft launch of Essential Portfolios – an automated, low-cost advisory service for digital-first investors.

The national launch of Essential Portfolios is expected in early calendar year 2017.

Research has shown that people who have a financial plan with specific goals are 85 percent confident they will reach their retirement goals (versus 28 percent that do not). That’s where Essential Portfolios comes in - allowing investors to establish a goal, intuitively assess their risk tolerance level, and identify key dates for long-term financial goals like college savings or retirement. From there, the algorithmic platform matches them with objective portfolio recommendations based on their financial goal. Essential Portfolios offers flat-fee structure investment alternatives that include a variety of passive, index-based nonproprietary ETFs and a $5,000 minimum deposit aimed to suit investors who seek low-cost financial solutions and an intuitive digital experience from start to finish.

This launch follows the June re-release of Amerivest Managed Portfolios, which underwent a significant digital enhancement. Amerivest offers investors a self-guided digital investment guidance experience, paired with as much or as little human interaction as investors want."

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