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TD Ameritrade introduces new retail robo-adviser platform

Custodian offers five portfolios with investment selected by Morningstar professionals.

TD Ameritrade Holding Corp. is the latest custodian to launch a low-cost direct-to-consumer robo-advice platform to attract clients who don't want to pay more for human help with financial planning and investing.

The Omaha, Neb.-based company's Essential Portfolios is available now, though a splas

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