Guides › Financial Advisor Fees
Updated September 24, 2026. Quick answer: TD Wealth is registered with the SEC as both a broker-dealer and an investment adviser. Per its own current fee brochure, a $500,000 account would run $5,500 a year under its published fee schedule; the minimum to open an account is no fixed published minimum for TD Investment Services (US) / High Net Worth Program. Is it a fiduciary? Yes, when it is acting as your investment adviser; when the same representative acts as your broker-dealer instead, the applicable standard is best-interest, not fiduciary, and its own Form CRS states representatives can earn commissions in that capacity.
TD Wealth at a glance
| Fact | What TD Wealth’s own pages say |
|---|---|
| Legal entity | TD Private Client Wealth LLC |
| Registration | TD PRIVATE CLIENT WEALTH LLC (“TDPCW,” “we,” “us,” or “our”) is registered with the U.S. Securities and Exchange Commission (“SEC”) as both a broker-dealer and investment adviser and is a member of the Financial Industry Regulatory Authority, Inc. (“FINRA”) and the Securities Investor Protection Corporation (“SIPC”). |
| Fee on a $500,000 account | $5,500 a year, per its own current brochure |
| Minimum to open an account | No fixed published minimum for TD Investment Services (US) / High Net Worth Program |
| Cost to leave (exit fee) | See how to leave TD Wealth |
What TD Wealth’s own fee schedule charges
“TDPCW’s TDIS (US) Managed Account Program is an investment advisory offering for retail Clients that have at least $100,000 in investable assets… TDIS (US) Equity/Balanced Wrap Fee Schedule: All Assets 1.10%. High Net Worth (“HNW”) clients are defined as those generally having more than $1,000,000 in investable assets… HNW Equity/Balanced Wrap Fee Schedule: First $1,000,000 1.50%; Next $1,000,000 1.05%; Next $2,000,000 0.85%; Over $4,000,000 0.65%.”
At $250,000, $500,000 and $1,000,000 the client has $1,000,000 or less in investable assets, so the TDIS (US) Program’s flat 1.10% applies to the whole balance (250000×0.011=2750; 500000×0.011=5500; 1000000×0.011=11000). At $2,000,000 the client clears the High Net Worth Program’s more-than-$1,000,000 threshold, so the marginal tiered schedule applies instead: 1000000×0.015=15000, plus the next 1000000×0.0105=10500, for 15000+10500=25500.
| Account balance | Annual fee |
|---|---|
| $250,000 | $2,750 |
| $500,000 | $5,500 |
| $1,000,000 | $11,000 |
| $2,000,000 | $25,500 |
See the full breakdown, including how the figure is calculated, on TD Wealth’s own fee page.
Is TD Wealth a fiduciary?
TD PRIVATE CLIENT WEALTH LLC (“TDPCW,” “we,” “us,” or “our”) is registered with the U.S. Securities and Exchange Commission (“SEC”) as both a broker-dealer and investment adviser and is a member of the Financial Industry Regulatory Authority, Inc. (“FINRA”) and the Securities Investor Protection Corporation (“SIPC”).
“When we provide you with a recommendation as your broker-dealer or act as your investment adviser, we have to act in your best interest and not put our interest ahead of yours.”
Our TDPCW financial professionals are compensated, in part, based on the account type and relationship you have with us. For brokerage services, your financial professional will be compensated from the commissions we charge, and a conflict of interest arises based on the type and frequency of transactions effected in your brokerage account. For investment advisory services, your financial professional receives compensation based on a percentage of the assets under management in your account, and a conflict of interest arises based on the compensation we make due to your enrollment in a fee-based program and the addition of assets to your account.
Full detail, including the exact registration type and source: TD Wealth’s fiduciary status, explained.
The minimum to open an account
“TDPCW’s TDIS (US) Managed Account Program is an investment advisory offering for retail Clients that have at least $100,000 in investable assets… HNW clients are defined as those generally having more than $1,000,000 in investable assets”
No fixed published minimum for TD Investment Services (US) / High Net Worth Program. See the full minimum-investment breakdown, including what that minimum would cost per year, on TD Wealth’s minimum investment page.
What it costs to leave
A dedicated how-to-leave page for TD Wealth covers the exit costs in full. The general mechanics of switching financial advisors and a dated termination letter apply regardless of firm.
What we would compare it against
Before you decide, run the numbers against another firm using the financial advisor fee comparison, or price the dollar cost of any percentage fee over time with the Financial Advisor Fee Calculator and the Fee Drag Calculator.
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Source: WiserAdvisor’s service descriptionSources
- TD Private Client Wealth LLC Managed Account Program Form ADV Part 2A Wrap Fee Program Brochure (June 15, 2026): https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1048264
- TD Private Client Wealth LLC Form CRS (June 15, 2026): https://reports.adviserinfo.sec.gov/crs/crs_164484.pdf
- SEC Investment Adviser Public Disclosure, TD Private Client Wealth LLC (CRD #164484): https://adviserinfo.sec.gov/firm/summary/164484
- TD Private Client Wealth LLC, SEC Form ADV filing: https://reports.adviserinfo.sec.gov/reports/ADV/164484/PDF/164484.pdf
Methodology. This page was built September 24, 2026, drawing directly on TD Wealth’s own current fee brochure and Form CRS, both linked above, plus this site’s own already-published fiduciary and minimum-investment pages for the same firm, each independently sourced when it was built. Any distinction we could not independently confirm this session is named as an honest gap rather than presented as verified. Nothing here is personalized financial, tax, legal, or investment advice, and it is not a substitute for reading TD Wealth’s own Form ADV Part 2A and Form CRS. We have not used TD Wealth as a client. TD Wealth did not pay for, review, or influence this content. See our Editorial Policy, Corrections, Affiliate Disclosure, and Disclaimer.
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