TD Ameritrade inches closer to enabling in-vehicle trading

TD Ameritrade inches closer to enabling in-vehicle trading
TD Ameritrade's voice-activated technology now allows account holders to check their portfolio or get a quote while they're in the car.
JUL 22, 2019
By  Bloomberg

TD Ameritrade's new voice-activated investing technology brings investors one step closer to trading while driving. The financial services company is launching an in-vehicle offering that enables account holders to check their portfolio or receive a quote on a security via voice command. Drivers using Alphabet Inc. unit Google's Android Auto or Amazon.com Inc.'s Echo Auto can use voice commands to unlock market performance summaries and sector updates, hear real-time quotes and check account balances and portfolio performance. "One day we hope to add a transactional layer where you can make trades on the go," Sunayna Tuteja, head of strategic partnerships and emerging technologies at TD Ameritrade Holding Corp., said in an interview. Ms. Tuteja called this offering an initial phase toward the implementation of in-vehicle trading, saying TD Ameritrade aims to first demonstrate the safety and security of these more limited services on the road. While the voice-enabled technology is exclusively offered through Android Auto and Echo Auto, drivers with Apple Inc.'s CarPlay can stream a new app from TD Ameritrade Network called TDAN Radio. Launched in 2017, it has drawn more than 2 million unique visitors across platforms so far in 2019, according to a company representative. (More: Now you can use Apple Pay to transfer money into TD Ameritrade brokerage accounts)

Latest News

Americans share confusion, concerns ahead of Social Security's 90th anniversary
Americans share confusion, concerns ahead of Social Security's 90th anniversary

Surveys show continued misconceptions and pessimism about the program, as well as bipartisan support for reforms to sustain it into the future.

The advisor’s essential role as alternative investments go mainstream
The advisor’s essential role as alternative investments go mainstream

With doors being opened through new legislation and executive orders, guiding clients with their best interests in mind has never been more critical.

Advisor moves: Raymond James snags advisor teams from RBC, Wells Fargo, Thrivent
Advisor moves: Raymond James snags advisor teams from RBC, Wells Fargo, Thrivent

Meanwhile, Stephens lures a JPMorgan advisor in Louisiana, while Wells Fargo adds two wirehouse veterans from RBC.

Private equity’s courtship of retail investors irks pensions, endowments
Private equity’s courtship of retail investors irks pensions, endowments

Large institutions are airing concerns that everyday investors will cut into their fee-bargaining power and stakeholder status, among other worries.

J.P. Morgan Securities on the hook for $1.1M to advisor in back-pay dispute
J.P. Morgan Securities on the hook for $1.1M to advisor in back-pay dispute

Fights over compensation are a common area of hostility between wealth management firms and their employees, including financial advisors.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.