TD Ameritrade Institutional has launched a new platform, called Model Market Center, to offer registered investment advisers (RIAs) access to third-party investment models in one place.
The new platform includes investment models from Goldman Sachs Asset Management, Russell Investments, State Street Global Advisors, Wilshire Associates, WisdomTree Investments, Anchor Capital Advisors, CLS Investments, and Cambria Investments.
The models presently available on the platform include ETFs and mutual funds. The company is also planning to include individual stocks and other securities in the future.
The company will use its trading and portfolio management technology iRebal on Veo to execute these models. Advisers will be automatically communicated about changes as providers update their investment models.
Model Market Center can be accessed for free by advisers who custody their assets with TD Ameritrade.
TD Ameritrade Institutional director of product strategy and development Danielle Fava said: “Model Market Center lets advisers apply the investment strategies of well-known money managers with a few clicks. So though advisers must still research investment options and monitor models, our new platform can help them focus more on those activities that deliver greater value.”