June 04, 2015 | Press Releases
Securities America to Offer Mobile Check Deposit to Advisors through Pershing’s NetX360® Mobile App
LA VISTA, Neb. – June 4, 2015 – Securities America, a wholly owned subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE MKT: LTS), announced access to the Mobile Check Deposit feature of the NetX360® Mobile app from Pershing, LLC (Pershing), a subsidiary of Bank of New York Mellon Corporation, at no cost to its advisors.
Mobile Check Deposit allows for same day deposits, providing clients quicker access to their funds, while saving advisors and their staff the time and cost of mailing checks. To address security concerns, check images are not stored on the advisor’s phone.
There is also on-screen tracking to review the status of deposits and the ability to split deposits across up to seven different accounts. The app is available on iPad and iPhone and can be used for all approved retirement and non-retirement brokerage accounts.
“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.”
About Securities America
Securities America is one of the nation’s largest independent broker-dealers with more than 2,000 independent advisors and $55 billion in client assets.
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Advisory services offered through Securities America Advisors, Inc., an SEC Registered Investment Advisory Firm. Securities offered through Securities America, Inc., member FINRA/SIPC.