tag:blogger.com,1999:blog-5284446320251611266.post3459896707922305732..comments2024-03-22T13:31:45.213-04:00Comments on HoCo Connect: TD Ameritrade "therapist" commercialsUnknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5284446320251611266.post-69318354172659040212017-08-07T09:38:54.444-04:002017-08-07T09:38:54.444-04:00Thanks for the info. Always willing to post respo...Thanks for the info. Always willing to post responses from people willing to post with their name attached to post.<br />duanestclairhttps://www.blogger.com/profile/04663080160551320723noreply@blogger.comtag:blogger.com,1999:blog-5284446320251611266.post-19499860685903179082017-08-07T09:31:37.239-04:002017-08-07T09:31:37.239-04:00This is an example of a very misguided post where ...This is an example of a very misguided post where someone tries to inject politics into a subject they know nothing about. I hope after reading my response you will consider possibly retracting this post. <br /><br />1) TD Ameritrade is a deep discount platform that consumers can use directly to trade or use advisors to trade on. The majority of trading on this platform is indexed based trading. Advisors serve as modeling experts helping clients tie their portfolios to their risk tolerance and financial plan. Some advisors even use a "robo" system which uses AI to maximize portfolio results. You have made some very bad assumptions about TD's model and the advisors who work with TD.<br /><br />2) The fiduciary rule which you just chose to politicize to fit your political agenda is very complex and has little to do with Obama and Trump. Advisors like myself who are asset based and non-transactional are actually already fiduciaries and support most of this rule. Advisors who are commission based/transactional are the ones against the rule. This isn't Obama vs. Trump. And to further this point the industry is strongly moving away from transactional advisors anyway. The problem with the DOL rule actually has to do with jurisdiction more than anything else and actually highlights the central problem with our government. The problem at hand is the DOL stepping on the toes of the SEC and having two bureaucratic organizations doing the exact same things. The American taxpayer is basically footing the bill for the DOL to oversee advisors in the same capacity as the SEC is for fee based advisors already. The more prudent thing would be to have a fiduciary rule where its overseen by the SEC not the DOL. Why you ask? The SEC knows our business, they can spot fraud better, they understand the markets better, and they are on the ground floor of the industry. The DOL has already made several rookie mistakes during this process. <br /><br />This was a very misinforming blog post and I hope you think twice before spreading false information in the future.Oxnoreply@blogger.com