TD Ameritrade Holding Corp. today announced that Tom Bradley will become the company's new president of retail distribution, replacing John Bunch, who has resigned.
According to a company press release, Mr. Bradley previously served the company as president of TD Ameritrade Institutional, the firm's business unit serving independent registered investment advisers. Mr. Bradley, who has nearly 30 years of financial services industry experience, has been a fixture at the company and within the RIA business community for the last 20 years. The news comes just days after TD Ameritrade Institutional wrapped up its
annual conference in Orlando, Fla., where Mr. Bradley addressed hundreds of the company's top RIAs.
“Tom Bradley has been a strong member of the TD Ameritrade management team for many years,” said Fred Tomczyk, president and chief executive officer. “He understands our company, and the industry, and is widely respected for his work supporting RIA advocacy and development. He has grown TD Ameritrade Institutional into a major player in the fastest growing segment of financial services by expanding technology and product offerings and putting clients first. I am confident that he will put his broad knowledge base and determined management style to good use within our retail client organization.”
“My time spent working for independent RIAs, helping them better serve their clients and create successful practices, and supporting the issues that are important to them on a national scale, has been a joy and a privilege,” Mr. Bradley said. “I am fortunate to have created a number of meaningful relationships that I hope will continue as I move on to the next chapter in my career. I look forward to guiding our retail sales, service and product businesses in a similar capacity and building an even better experience for our clients.”
With this change, the company has appointed Tom Nally to replace Mr. Bradley as president of TD Ameritrade Institutional. Mr. Nally, who has been with the company since 1994, served as a 12-year veteran of the Bradley management team and most recently oversaw all aspects of the business unit's sales. He and his team were responsible for developing new RIA relationships and delivering practice management solutions that assist RIAs in achieving their strategic business objectives. Mr. Nally has held a variety of positions for the firm and has had responsibility for, among other things, trading, fixed income, adviser relations, client service, adviser technology, account services and operations serving the more than 4,000 independent RIAs who custody assets with TD Ameritrade Institutional.
Mr. Nally will also join the company's senior operating committee, a group of senior executives reporting directly to Mr. Tomczyk who are responsible for the strategic direction and decision making at the company.
“I can't be more excited about the future of TD Ameritrade Institutional with someone like Tom Nally at the helm,” Mr. Bradley continued. “He, too, has dedicated the better part of his career to advisers — building relationships, putting clients first and always asking how we can better help advisers succeed. We have worked together for nearly 20 years. I cannot imagine our associates or adviser clients in better hands.”
Mr. Bunch's resignation is effective Feb. 10. He has been with the company since 2004 and is leaving take the top leadership role at an undisclosed investment advisory firm.
“When you consider the organic growth that TD Ameritrade has delivered over the last several years, much of that success is due to the leadership of John Bunch,” Mr. Tomczyk continued. “John developed a talented leadership team with a depth of knowledge and experience in serving retail investors. Together they helped transform our client service teams into a true service and sales organization. John's approachable, straightforward manner will be missed by our associates and clients alike. We thank him for his contributions to TD Ameritrade and wish him well in his future endeavors.”
