March 18, 2014 | Press Releases
Securities America Advisors Embrace Mobile Check DepositLA VISTA, Neb. – March 18, 2014 – Securities America, a wholly owned subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE MKT: LTS), has eliminated one more step in its New Account Process with the introduction of mobile check deposit for National Financial Services accounts.
Using Fidelity’s mobile check deposit technology, financial advisors can now take pictures of checks using smartphone or tablet cameras and securely deposit funds directly into client accounts. Advisors enjoy the ease and convenience of using this well designed, secure mobile app to capture and submit check images, while eliminating time and costs associated with mailing checks to the Securities America home office.
“At Securities America, we continue to strive to increase efficiency by integrating all processing systems to create a truly paperless experience for advisors and their clients,” said Doreen Griffith, executive vice president and chief information officer.
By incorporating this new technology into Securities America’s existing user-friendly platforms, advisors can electronically select proper forms, pre-fill them from existing account and prospect information, obtain electronic signatures and establish the account online immediately before submitting the electronic check images to complete the paperless process.
“All advisors in our office have subscribed to the mobile check deposit and use the tool often,” said Amanda Silkwood, registered office assistant for Quintus Financial Services in Englewood, Colo. “We like knowing our submissions have been received and approved quickly. Instead of waiting until the end of the day to enter checks and send an overnight package, we now submit deposits throughout the day and receive emailed status updates notifying us when the submissions have been received and approved. We have saved a lot in overnight shipping charges and can view funds in an account almost instantly. All advisors should give this tool a try!”
The mobile check deposit tool is available to Securities America advisors at no additional charge.
About Securities America
Securities America is one of the nation’s largest independent broker-dealers with more than 1,700 independent advisors responsible for $50 billion in client assets.
Securities offered through Securities America, Inc., member FINRA/SIPC. Advisory services offered through Securities America Advisors, Inc., an SEC Registered Investment Advisory Firm.