Final answer:
The TD Ameritrade/Wealth referral process allows existing clients to refer new customers, often providing incentives like cash bonuses or free trades. Information given to customers usually includes benefits, incentives details, and account opening instructions. Terms and conditions of the referral program are crucial for understanding eligibility and limitations.
Step-by-step explanation:
The TD Ameritrade/Wealth referral process is a procedure where current TD Ameritrade clients can refer friends or family to the brokerage firm. Clients who are interested in referring others can typically do so by logging into their account and accessing the referral section where they can enter the contact details of the prospective new clients. The referred individuals will usually receive an invitation to join TD Ameritrade with some form of incentive, such as a cash bonus or free trades, contingent upon meeting certain requirements like opening an account and funding it with a minimum amount.
When referring someone, information typically provided to the customer would include:
- The benefits of opening an account with TD Ameritrade, such as investment options, tools, and resources.
- Details about the referral incentive, including any bonuses or promotions.
- Instructions on how to open an account and what documents are required for the process.
It is important for clients to be aware of the specific terms and conditions associated with the referral program, as these can vary and may include certain eligibility requirements or limitations.