TDAI to Acquire Big Data Research Firm FA Insight

Jim Dario, managing director of TD Ameritrade Institutional product management, added that "traditional practice management programs offer guidance on how to run a better business, but advisors can read a hundred research reports and still not gain the kind of timely, individualized intelligence they'll receive through our business performance solutions program."

With the FA Insight acquisition, "we are confident that by bringing big data to RIAs, we will amplify our ability to help more clients optimize their performance."

FA Insight brings more than a decade of survey data and its closely watched industry studies: People & Pay, an in-depth look at human capital strategies, and Growth by Design, which examines how standout firms can pursue sustainable growth, Nally said.

For five years Investment Advisor partnered with FA Insight on its annual advisor surveys, most recently in 2014.

FA Insight co-founder and president Inveen said that the research firm has "worked closely with TD Ameritrade Institutional for a number of years and we're confident this combination will make a great fit."

Added co-founder De Pardo: "By bringing FA Insight's benchmarking and related consulting expertise to TD Ameritrade, we can now reach a larger audience, supporting more advisors. This will be a great outcome."

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