TD Securities to give investment professionals a single hub for lifecycle management across all issuers
TD Securities has teamed up with Luma Financial Technologies' structured products platform to investment professionals across Canada's leading wealth management firms, in a move designed to replace fragmented tracking systems with a centralized management tool.
The relationship will give advisors working within TD Securities' Canadian structured products distribution network access to Luma's lifecycle management, analytics and performance reporting capabilities, covering both TD Securities-issued notes and third-party products.
Luma is an independent, multi-issuer technology provider serving financial professionals and distribution firms across structured products, annuities and life insurance. Its platform supports the full product lifecycle, from education and product discovery through to order management, performance reporting and event monitoring.
Tim Bonacci, chief executive of Luma Financial Technologies, said the relationship addresses a persistent operational problem for advisors.
"Investment professionals should not have to rely on fragmented systems to understand what clients own, how those products are performing and what events require attention," he said.
The initial phase will focus on moving users away from manual tracking, centralizing analytics, performance reporting and key product event monitoring into one platform. Future enhancements are expected to include advanced reporting and analysis, customized educational content, and expanded order management through Luma's Creation Hub and Marketplace.
Jason Morrow, managing director and global head of structured note sales at TD Securities, framed the move as part of a broader digital strategy.
"A core component of TD Securities' client-centric digital strategy is giving our clients access to technology that helps automate many of the manual tasks associated with tracking holdings across issuers,” he said. “Through our relationship with Luma, we are helping deliver a more connected experience for lifecycle management, analytics and performance reporting, while empowering investment professionals to work more strategically."
