Jan. 19 - Tom Bradley, President of TD Ameritrade Institutional, says market turmoil is spurring more financial advisers to promote dividend-paying stocks and options strategies to clients.
Uncertainty is the key word when it comes to investment advisors sediment in 2012. That's according to TD Ameritrade institutional present I'm Bradley. He joins us here at studios in New York so Tommy's name that we -- -- about it you're. Debt downgrades elections North Korea -- I can go on. You think though there's some opportunity. For firm like yours even in the midst of all that work. Fisher is and the question about it ironically you know -- TD Ameritrade and our advisor clients there's more opportunity when there is uncertainty. If you go way back when. Yeah that's it for the Internet bubble burst -- folks can throw the arts and do very well. It was actually difficult than that of climate for advisors to retain their client to bring on new ones. Because of that well on the Internet bubble burst. Investors suddenly you realize wait a minute there's a risk a component that this so I think it's you know it's a situation today where you have. More uncertainty I've seen in my 25 year plus career. And that's helping advisors investors are looking to get this some help from someone because frankly looking around a lot of trouble. And not quite sure what that. When he is seeing in terms of what investors wanna know about. Other investment. Vehicles and our clients requesting different vehicles or advisors perhaps broadening their offerings -- a little bit of both I think. It was such it would investors some of the challenges investors that today's number one. Making sure they keep the capital that they have today. That they've seen this rollercoaster that we've been through the last few years and they are worried. About losing. Capital. That's number one number two there were many investors are worried about income or lack there of that they can generate off their portfolios. In this interest rate environment it's very difficult to generate. You come off your powerful sourcing more investors. Moving into blue chip dividend paying stocks. And we'll also see more strategies around options such as copper -- writing it and credit spread right to generate income and powerful. Last year it was a record year term in terms of net new assets for TD Ameritrade so what we're this year and accurate and you well we actually want to make it can -- we idol finale of that took the kids and human that it will increase that's our objective. It's program tough competitive business. One of the best that we can for our our shareholders clients and ourselves itself. Certainly we are looking to to be. Here. Of those new net assets will come from gen X we keep reading about just how discouraged they are and -- eerie quite frankly. Investing. That's a great question is just a huge opportunity there advisors need to be home -- 41 trillion dollars of wealth will be transferred to the next generation. In the coming years it's very important lives tied into that. And creating relationships. What is their clients. Children and it may be doing that through young folks in their offices as well have to be kind. Tom Bradley president TD Ameritrade institutional good to talk to you thanks thanks I'm Rhonda schaffler this is brighter.