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By CUSO Financial Services, L.P.
Since our founding, the senior leadership team at CFS and SPF established our companies as technology leaders dedicated to serving the needs of financial institutions (FIs) by helping their investment programs grow. We believe FIs deserve the most efficient, robust systems available from the main platform, to remote delivery tools, to specific client-tailored enhancements.
The foundation of a strong and modern technology system is a fully web-based account management system that simplifies administration, communications, sales, and reporting functions. For example, our foundational system is dataVISION, which was designed to efficiently handle both the "front and back end" administration, organization, and management of accounts – all electronically. It’s a highly secure system and enables everything from marketing, to prospecting, to onboarding new clients by coordinating their data, preparing financial plans, opening the accounts, placing trades and delivering performance reports to the client. This paperless filing and contact history system is fully approved by FINRA and the SEC.
Your foundational system should allow representatives to do all of the work that they have to do over the course of their day electronically and from one platform. CFS and SPF are SEC certified as electronic books and records firms as well, which is more efficient and creates more security for clients. All official books and records are retained and maintained in dataVISION instead of physically in the branch.
Beyond the foundational system, it’s important to continually upgrade the technology platform to streamline the full account management process, from input of initial client data to performance reports. Over time, we have included many key features in our dataVISION system, including:
As traffic in the financial institutions decrease and online banking increase, it is important for financial institutions to add remote delivery strategies to their mix of technology offerings. For example, in 2014 we introduced two document capture mobile apps that enable both advisors and clients to use their mobile devices to remotely and securely photograph and share investment documentation such as new account forms, transfer forms, check copies and others. In 2015 we have added a secure, online profiling tool that allows clients to provide their own information (risk tolerance, objectives, investable assets) online and make it instantly available to their advisors without the need for in-person meetings or unsecure emailing, faxing or mailing. Now we are working on digital signature tools as well – look for more to come soon!
Banks and credit unions need the ability to offer a full menu of investment services to both individual and business customers. CFS/SPF enable this capability through additional technology modules that can be customized to match the look and feel of the financial institution’s website.
With advanced, integrated and efficient systems like these, CFS/SPF ensure our customers have the best technology in the industry. Our tech expertise becomes your tech expertise. The effectiveness of our technology has changed the way advisors do business and the way credit unions and banks look at their investment programs.
See how CFS/SPF technology can help advance your investment program to its next level of success and profitability. Contact us today at www.cusonet.com or 1-800-686-4724
dataVISION, eVISION, and SendMyDocs are registered trademarks of CUSO Financial Services, L.P. Sister broker-dealers CUSO Financial Services and Sorrento Pacific Financial help financial institutions build successful investment programs. We deliver flexible yet efficient planning, retirement, investment and insurance solutions to boost your financial growth and deepen relationships with your clients. Call 1-800-686-4724 or visit www.cusonet.com and www.sorrentopacific.com for more information.
This sponsored content article is provided to the credit union community for shared insights and knowledge from a recognized solutions provider in the industry. Please note that the views and opinions offered here do not reflect those of Callahan & Associates, and Callahan does not endorse vendors or the solutions they offer.
If you are interested in contributing an article on CreditUnions.com, please contact our Callahan Media team at firstname.lastname@example.org or 1-800-446-7453.
June 1, 2015
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