SAN DIEGO, Feb. 4 /PRNewswire-FirstCall/ -- At Partnership 2005, TD
Waterhouse's annual national conference for the financial planning community,
the firm today unveiled the much-anticipated details of the re-launch of
AdvisorDirect, the firm's customer referral program for independent financial
advisors.
"TD Waterhouse remains committed to helping advisors grow their
businesses. We've overhauled our AdvisorDirect referral program in order to
provide more qualified and targeted leads for advisors," said Thomas A. Nally,
senior vice president of Brokerage Services for TD Waterhouse Institutional
Services. "Our goal is to increase the rate of converted accounts for
advisors by providing an enhanced, tailored program that matches the right
high-net-worth customer to the right independent financial advisor."
The new AdvisorDirect program launches on March 1, 2005. Since the
program's inception in 1999, AdvisorDirect has helped fill the wealth
management needs of many TD Waterhouse retail customers and has helped many
advisors grow their businesses.
Enhancements to the program include:
* Customer participation minimums raised from $100,000 to $200,000 -
provides a more realistic match to advisor firm minimums
* Restructured branch assignments - provides advisors with a more
manageable, focused relationship
* Streamlined referral process - customers will now be referred to one
advisor at a time
* Reintroduction of advisor seminars - provides personal contact between
the advisor and potential referrals
* Enhanced branch Investment Consultant training - to help generate
better quality referrals for advisors
* Fee sharing component - to increase the level of commitment by advisors
and TD Waterhouse
* AdvisorDirect quarterly reports - allows the advisor to view their
AdvisorDirect activity, and to evaluate their impact in the program
"Through a streamlined referral process, better training and coordination
among business units, and a restructured branch allocation system, we are
confident that advisors will find success with our new program," said Mr.
Nally. "Most importantly, we're further strengthening the relationship with
our customers, by providing an enhanced service experience for those seeking
discretionary, full-service advice from an independent financial advisor."
TD Waterhouse Institutional Services also announces the newest members of
its Advisor Panel advisory board, whose two-year term ends in 2006:
* Ron Brock, Sheaff Brock, Indianapolis, IN
* John Ritter, Ritter Daniher Financial Advisory LLC, Cincinnati, OH
* David Dowell, Russell Capital Management, Lexington, KY
* Michael Joyce, Michael Joyce & Associates, Richmond, VA
* Ravi Kothare, Sterling Capital Planners Inc., New York, NY
* Rick Kramer, Wealth Advisor Group, Hendersonville, NC
* Randy Oldenburg, Camden Financial, Scottsdale, CA
* Virginia Stanley, REDW Stanley Financial Advisors, Albuquerque, NM
* Ben Tobias, Tobias Financial, Plantation, FL
* Jeannie Wyatt, South Texas Money Management, San Antonio, TX
* Charlie Zieky, GLT Wealth Advisors, Encinitas, CA
In addition, below includes members of the Advisor Panel whose term
concludes at the end of 2005:
* Karen Altfest, Altfest & Co., Inc., New York, NY
* Jill Hollander, Financial Connections, Berkeley, CA
* Edd Hyde, Radnor Financial Advisors Inc., Wayne, PA
* Ray Mignone, Ray Mignone & Co., Inc., Little Neck, NY
* Mark Mirsberger, Dana Investment Advisors, Brookfield, WI
* Randy Ordines, Courier Capital Corp., Jamestown, NY
* Ron Roge, RW Roge & Co., Inc., Bohemia, NY
* Terry Siman, Executive Financial Services Inc., Spring House, PA
About TD Waterhouse Institutional Services
At TD Waterhouse Institutional Services, we are fully committed to the
individual success of each advisor relationship. At every touch point -- from
our cutting edge technology platform to our world class customer service, from
our seamless account integration process to our value-driven pricing, TD
Waterhouse Institutional Services adds exceptional value to both advisors and
their clients. TD Waterhouse Institutional Services provides comprehensive
financial services to 2,700 fee-only and fee-based independent financial
advisors and is a division of TD Waterhouse Investor Services, Inc. (member
NYSE/SIPC), a subsidiary of TD Waterhouse Group, Inc. For more information,
please visit http://www.tdwaterhouseinst.com.
About TD Waterhouse
TD Waterhouse Group, Inc. provides investors and financial advisors with a
broad range of brokerage, mutual fund, banking and other consumer financial
products. Worldwide, TD Waterhouse currently services 3.1 million active
customer accounts. TD Waterhouse is a wholly owned subsidiary of The Toronto-
Dominion Bank (NYSE/TSE: TD) and part of TD Bank Financial Group.
Headquartered in Toronto, Canada, with offices around the world, TD Bank
Financial Group offers a full range of financial products and services to
approximately 13 million customers worldwide. In the U.S., brokerage services
provided through TD Waterhouse Investor Services, Inc., Member NYSE/SIPC.
SOURCE TD Waterhouse
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