SEC Reg BI, Form CRS & Department of Labor (DOL) Fiduciary Rule
Understanding our relationship with you
How we act in your best interest
Several standards and rules have been put in place to ensure that when our Financial Consultants make recommendations, they are indeed putting your needs first.
Regulation Best Interest (Reg BI):
As of June 30, 2020, a common standard was established that any brokerage firm or Registered Investment Advisor making an investment recommendation to you must be acting in your best interest at the time the recommendation is made.
The SEC requires broker-dealers and investment advisors to provide you with a Form CRS to help you make more-informed decisions about choosing or continuing to work with them.
2020 Department of Labor (DOL) Advice Exemption (the Exemption):
When we provide investment advice to you regarding your retirement plan account or Individual Retirement Account (IRA), we are fiduciaries within the meaning of Title I of the Employee Retirement Income Security Act and/or the Internal Revenue Code, as applicable, which are laws governing retirement accounts. The way we make money creates some conflicts with your interests, so we operate under a special rule that requires us to act in your best interest and not put our interests ahead of yours. This applies to the following Covered Account types:
• IRAs (including SEP and SIMPLE IRAs)
• 401(k) plans
• Individual 401(k)
• Qualified Retirement Plan (QRP) and Company Retirement Account (CRA)
Learn how TD Ameritrade works to help investors
Designed as a simple, easy-to-understand Customer Relationship Summary, providing you with details of the nature of our relationship.
TD Ameritrade makes investment recommendations as to the following
Fixed income products
- Consultation with our Fixed Income Sales (FIS) team to understand your income goals and needs. Customized recommendations as to:
- Specific fixed income securities or investment vehicles
- Fixed income investment strategies, such as bond ladders
Retirement accounts and rollovers
- Get help deciding about a rollover from your 401(k) or other retirement plan to an IRA
- Or use the following resources to help you decide on your own:
- Speak with a Financial Consultant for more information or for a recommendation