E*TRADE Financial Corporation has launched the E*TRADE Advisor Network, a national referral program that connects independent financial advisors to potential clients who need wealth management services beyond the scope of E*TRADE’s in-house offerings.
Advisors who participate in the program benefit from a close-knit relationship with E*TRADE national and local branches as well as access to investors who desire holistic wealth management solutions. Included as charter national members in the Advisor Network are Edelman Financial Engines and Mercer Advisors.
“The E*TRADE Advisor Network offers a new avenue for our branches to help clients with more complex needs,” says Matthew Wilson, Senior Vice President of Brokerage at E*TRADE Financial. “We look forward to developing even deeper connections with advisors on our platform while providing access to clients who need help managing their portfolio and their financial lives—from wealth management to estate planning.”
E*TRADE serves roughly 4.9 million brokerage accounts and 1.7 million stock plan accounts over the phone, online, and in-person at two national branches and 30 E*TRADE branches across the United States.
The referral network launches amid a number of additional enhancements rolled out by TCA by E*TRADE, a provider of integrated technology, custody, and practice management support. Most recently, TCA by E*TRADE nearly doubled the funds available in its ETF Custody Advantage program and added four third-party money managers to its Money Manager X-Change program. These enhancements enable advisors to help clients pursue their financial goals by providing even more investment choices.
Since last October, TCA by E*TRADE has secured more than USD12 billion in commitments to its RIA platform and has added more than USD2 billion in net assets under custody.
“Delivering first-class solutions for advisors is part of our DNA,” says TCA by E*TRADE President Josh Pace. “Advisors choose our platform because of our cutting-edge digital solutions, one-to-one service model, non-competitive nature, and the strength of the E*TRADE brand. This referral network is yet another compelling reason why advisors continue to gravitate toward our firm.”