Advanced Configuration Settings In AdvisorVault's Client View Aid Broker-Dealers And RIAs

Wednesday, December 21, 2011 11:15
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Advanced Configuration Settings In AdvisorVault's Client View Aid Broker-Dealers And RIAs

Tags: AdvisorVault

As strange as it may seem to Registered Investment Advisers, B/Ds are concerned about possible liability exposure arising when clients are able to upload documents to their advisor’s online vault. While the issue could be dealt with contractually, it is worth mentioning the concern of one B-D and the improved configuration settings recently added to AdvisorVault to address the issue and others and that benefit RIAs as well as B-Ds.

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AdvisorVault is a secure system for advisors to share documents with clients. It integrates client communications into your work flow and engages clients. It also enables advisors to collaborate online with a client’s attorney and accountant, thus helping advisors build a team approach to wealth management and building a referral network of allied professionals.

 

I posted to my Advisor Products blog more extensive information about AdvisorVault's new configuration settings.
 

Comments (1)

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BrianEdelman
Posting confidential client data to a vault may be the most important habit an advisory firm adopts in 2012. Our clients have been using vaulting and email encryption as their primary weapon in attracting new clients. It's simple, just ask your prospect how their current advisor sends this confidential information to them now, you will probibly get a new client from the conversation.
BrianEdelman , January 03, 2012

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