Last December, The MFWire
reported that TD Ameritrade
was in the midst
of an effort to enhance its Premier List
of mutual funds. Now, the online broker has formally unveiled the change.
The Morningstar Associates
-selected list of funds is now organized into four
categories: core investments, primary investments, advanced investment strategies and all-in-one investments.
The move is part of an effort to simplify the selection and diversification process, company officials said.
Morningstar Associates evaluates more than 13,000 funds available on the TD
platform and narrows the list to their top picks for a range of asset categories.
"Our clients now have not only the breadth of offerings that the Premier List brings, but much more guidance in terms of selection," said Sandy Motusesky
, director of mutual funds and ETFs at TD Ameritrade.
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