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TD Ameritrade tackles talent shortage

TD Ameritrade Institutional wants to help address the lack of diversity in the RIA workforce.

By Marlene Y. Satter | Updated on January 30, 2015

Registered investment advisors aren’t getting any younger — or much more diverse. In fact, more than half are 55 or older, and considerably less than a third are women. 

TD Ameritrade Institutional intends to do something about that. It’s not a bad idea, considering that the U.S. Bureau of Labor Statistics foresees a job growth rate for advisors that, at 27 percent through 2022, is almost three times the national average of 11 percent.

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