President, TD Ameritrade Institutional
Tom Nally, head of TD Ameritrade’s registered investment adviser custody business, was thrust into the limelight last February when his predecessor, the high-profile Tom Bradley, was tapped to run TD’s individual-investor business. Mr. Nally, 41, is a young but not new face to the 4,000 financial advisers that TD Ameritrade serves. He has been with the company since 1994 and was head of sales before succeeding Mr. Bradley.
Advisers were glad to hear that Mr. Nally plans to continue TD Ameritrade’s advocacy efforts on behalf of independent advisers. But his big challenge in the year ahead will be figuring out how the scrappy company can become a serious threat to Fidelity Institutional Wealth Services and Schwab Advisor Services. One step toward that aim: TD Ameritrade in September snagged industry vet Jim Dario from Pershing LLC to fill a new role as overall strategy chief.—Dan Jamieson