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TD Bank has bolstered its investment advice offerings by launching a robo-advisory service in the US.

The new suite of investment solutions, TD Automated Investing and TD Automated Investing Plus, will cater to the growing demand for personalised financial advice and investment solutions across all client segments.

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Both offerings will provide clients with access to TD Strategic Portfolios, which consists of seven globally diversified portfolios of exchange traded funds (ETFs) and mutual funds.

Customers will be able to open account in TD Automated Investing with $5,000. They will be annual advisory fee of 0.30% with a minimum of $75.

With TD Automated Investing Plus, clients will have additional access to a centralised advisory team to help with building a personalised financial plan and ongoing advice.

TD head of US Wealth Peter Mottek said: “With the introduction of TD Automated Investing and TD Automated Investing Plus, TD will now be able to engage earlier in the Customer’s wealth journey on their terms, combining the best of digital with an unexpectedly human approach.

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“The foundation of all of our Wealth offerings at TD goes beyond a transparent and thorough conversation.  It begins by understanding what matters most to every customer, today and in the future.”

Hiring plans

TD is planning to hire additional 350 advisors in the next few years to support its growth. The bank currently employees over 100 licensed and trained financial advisors (FAs) across its footprint.

TD Bank head of US Consumer Distribution, Wealth and TD Auto Finance Ernie Diaz said: “We are unequivocally committed to elevating financial and investment advice across the entire bank.

“These new products and offerings, grounded in upfront planning, prioritisation and uniformity, will help TD meet the needs of our clients and colleagues.”