Securities America Offers Advisors Client Check Deposit Tool

Advisors affiliated with Securities America have access to one more tech tool to make their jobs easier.  The independent broker-dealer recently announced that its advisors will have access to the Mobile Check Deposit feature of Pershing, LLC’s NetX360®, at no cost.

Advisors utilizing the app will be able to deposit client checks right into their Pershing accounts making the funds available for investment sooner than they would if sent via the mail.   Deposits can be split across seven different accounts and advisors have the ability to track the status of each deposited check.

Currently the app is available on iPad and iPhone for approved retirement and non-retirement brokerage accounts.

Anytime technology is involved, there are always security concerns. According to Securities America’s announcement, this has been addressed by ensuring check images are not stored on advisors’ phones.

The IBD offers its advisors other efficiency tools including a revenue analysis tool and an efficiency hub, plus, its product research and support offers a wide variety of investment options.

“Our advisors and their staff have enjoyed the benefits a paperless experience creates for efficiency and cost savings,” said Doreen Griffith, executive vice president and chief information officer. “We will continue to work with our partners to add new services and features that foster productivity and convenience.”