TD Waterhouse to deliver Financial Engines advisor service

TD Waterhouse to deliver Financial Engines advisor service

Online brokerage TD Waterhouse is to provide Financial Engines' Professional Advisor service to its investment advisors.

The service includes Financial Engines' Monte Carlo simulation, which is currently being piloted as part of TD Waterhouse's online platform Veo and allows advisors to give clients a realistic view of how investments might perform in the future and create goal-oriented recommendations.

The service can also be used to review a range of possible asset allocations and investment outcomes based on a client's goals and risk tolerance.

In addition, users will have access to QuickSolve Solutions - advice modules for rollover decisions, new money investments and portfolio rebalancing.

TD Waterhouse claims to be the first financial institution to provide its users with professional advice tools thourgh an advisor network. Following a launch date in Q2 2003, the broker will provide the service free-of-charge until the end of the calendar year.

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