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Best fee structure for RIAs?: Lightning Round with Tom Nally

The average RIA today provides its clients with about 11 different services above and beyond investment management. That's one reason why Tom Nally, president of TD Ameritrade Institutional, believes fees based on AUM may not be the best model for advisors in the future.

“I don’t know if it makes sense to continue to bill on just one sleeve of the overall value proposition,” he says in a Lightning Round interview with Financial Planning.

In the video, filmed on the sidelines of TD Ameritrade's 2018 National LINC conference, Nally also fields rapid-fire questions about the biggest threat to RIAs and the best ways they can use technology to their advantage.

Find more Lightning Round videos here.