Securities America Creates Industrys First Paperless On-boarding System for New Advisors

La Vista, Nebraska (PRWEB) May 02, 2012

Advisors joining Securities America will enjoy simpler, faster on-boarding thanks to a completely paperless online system that replaces ink signatures and fingerprints with electronic versions.

Typically when switching broker-dealers, advisors face reams of paperwork and rounds of overnighting envelopes back and forth to finalize agreements. Securities Americas system pulls information from the companys internal databases as well as FINRAs CRD application to prepopulate forms for the advisor to review online and correct or confirm. A built-in tracking feature provides the status of each document, avoiding redundancies or overlap between Securities America staff and the prospective advisor.

As each step in the process is completed or approved, it automatically triggers the next step and generates any necessary email notifications, said Gregg Johnson, Securities America senior vice president of branch office development and acquisitions. The process can keep moving, even during non-business hours, which allows our transition specialists to spend more time delving into the individual needs of our new advisors. It also gets the new advisor up and running sooner, so they can stay focused on doing business.

Securities America built its online licensing kit with dynamic questioning the answers to certain questions trigger which additional questions the prospective advisor must complete. The system also performs automatic completion checks to ensure the advisor hasnt missed or skipped a response.

Rick Pucci from Park Ridge, Ill., was one of the first to use the paperless on-boarding system when he joined Securities America.

Much of the data had been prepopulated and a highlighter quickly directed me to the fields that needed my attention, he said. With the secure website and embedded electronic signature feature, I could access, sign and return applications, agreements, personal history statements and offer letters within minutes. It was incredibly efficient and saved me and my staff a lot of time.

The automated on-boarding system is just the latest addition to a more comprehensive paperless office solution promoted by Securities America over the past several years.

Were leading the industry in automating advisor transitions to make them easier and quicker, helping organic recruiting efforts and our branch managers looking to attract new candidates to their offices, said Doreen Griffith, Securities America chief information officer. The online on-boarding system is the latest in our paperless efforts which began with in-house WORM-compliant imaging and continued with our straight-through-processing system for brokerage and direct business but it certainly wont be our last.

About Securities America

Headquartered in La Vista, Neb., Securities America Inc. is the nations seventh largest independent broker-dealer (as ranked by Financial Planning magazine, June 2011, based on 2010 total revenue). For more than 25 years, Securities Americas mission has been to foster the success of financial professionals so they can provide quality, objective counsel and services to their clients. Advisors benefit from the firms industry-leading programs in practice management, advisory services and retirement income distribution, supported by state-of-the-art technology. Founded in 1993, Securities America Advisors Inc. is an SEC-Registered Investment Advisory firm that offers investment management, financial advice and financial planning through a national network of independent financial advisors. Securities America received the inaugural Thought Leadership Award from the Retirement Income Industry Association in March 2011. Additional information is available at

About The Author

Ibrar Ayyub

Ibrar Ayyub is an experienced technical writer with a Master's degree in computer science from BZU Multan University. He has written for various industries, mainly home automation, and engineering. He has a clear and simple writing style and is skilled in using infographics and diagrams. He is a great researcher and is able to present information in a well-organized and logical manner.

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