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Products October 14, 2014
ADP Adds Brokerage Account Option to Retirement Platform
ADP
Retirement Services is providing plan sponsors with a self-directed brokerage
account (SDBA) option they can offer to their plan participants.
Reported by PLANADVISER staff
Via a new business relationship with TD Ameritrade, this option will be made available starting immediately, ADP says.
Through TD Ameritrade, plan participants will have access to a variety of investments and can turn to an independent registered investment adviser (RIA) for retirement account advice and insights about management. They can also leverage Research & Ideas, TD Ameritrade’s online resource, which offers third-party market analysis. Participants may access their accounts online.
“We’re very pleased to announce a business relationship with a strong brand like TD Ameritrade,” says Chris Augelli, vice president of product marketing and business development for ADP Retirement Services. “The SDBAs offered by TD Ameritrade will provide our plan sponsors with additional options for plan participants who are looking to complement their core investment strategy with self-directed investment options.”
For more information about ADP Retirement Services, visit http://www.adp.com/solutions/services/retirement-services.aspx.