TD AMERITRADE Upgrades Technology Platform for Advisers

The company said in a release that Veo Next Generation combines the best features of several legacy platforms and adviser design suggestions. By consolidating to a single technology platform, the company said it can offer advisers new products and services more efficiently and allow more flexibility for future product additions.

Some of the functionality changes, according to the company, include real-time account views that allow advisers to see real-time positions, balances, and history for client accounts. Advisers can also move money on demand using electronic ACH account transfers. The enhancement also features a new account profile page the company said will give advisers a more comprehensive view of client information.

The enhancements also feature more streamlined trading. For example, a redesigned trading interface gives users the ability to create multiple trades on a single screen, the release said. Trading is closely integrated throughout the site. For example, advisers can select multiple positions and submit trades for them all at once.

According to the release, other key trading features include:

• simplified order entry
• new blotter functionality
• express trading
• expanded order details
• exporting trade data
• enhanced order status
• redesigned block trade allocation functionality

TD AMERITRADE said more enhancements throughout the coming year will include new security tools to help safeguard client assets, consolidated tax forms, complex options trading, and the integration of Amerivest, a portfolio allocation service.

Advisers will be transitioned from Veo to Veo Next Generation over a six-month period, and the company expects the new platform to be available to all advisers by this summer.