First life-cycle ETFs debut

The five TDAX Independence ETFs are a joint venture between TD Ameritrade and XShares Advisors.
OCT 01, 2007
The first life-cycle exchange traded funds began trading today, TD Ameritrade Holding Corp. of Omaha, Neb., said in a statement. The five TDAX Independence ETFs, a joint venture between TD Ameritrade and XShares Advisors LLC of New York, seek to replicate life cycle indexes created by Zacks Investment Research of Chicago. The ETFs begin by focusing on asset growth through a higher weighting to stocks and shift to capital preservation over time through historically less risky allocations. “With one easy purchase, investors can access a diversified, asset-allocated portfolio that, over time, automatically adjusts its weighting across stocks and bonds,” Dave Kelley, a senior vice president with TD Ameritrade said in a statement.

Latest News

Why retirement planning demands more today than it used to
Why retirement planning demands more today than it used to

Todd Bryant of Signature Wealth Partners on vanishing pensions, SECURE Act 2.0, and what clients really want to know.

Merrill lands four advisor teams as May recruiting data shows firm's two-way churn
Merrill lands four advisor teams as May recruiting data shows firm's two-way churn

Merrill's latest hires span Colorado to Louisiana, even as industry-wide recruiting data suggests the firm is losing almost as many advisors as it gains.

Fund manager sues Kandeo, alleges $100 million FinSocial loss
Fund manager sues Kandeo, alleges $100 million FinSocial loss

The $36 million buy allegedly hid inflated books and a $50 million diversion.

Advisor gets $200,000 from Ameriprise in 'emotional distress' lawsuit
Advisor gets $200,000 from Ameriprise in 'emotional distress' lawsuit

“An award citing emotional distress is very unusual,” an industry executive said.

Workplace financial education linked to stronger financial habits, but participation remains low
Workplace financial education linked to stronger financial habits, but participation remains low

New EBRI research found workers who participated in employer financial education reported higher confidence, literacy and financial satisfaction.

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains

SPONSORED Who builds the income when the pension disappears?

Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income