Knowing that financial advisors are consistently looking for sound products and services to offer their clients BofI Advisors, a division of BofI Federal Bank has developed a line of core banking products that comes with strong customer service and superior earnings.
These core banking products and services can be offered by financial advisors through an agreement with their broker-dealer. Once this eligibility has been determined it’s simply a matter of completing an online training course and once passed, faxing in the disclosure compliance certificate.
Having completed these steps financial advisors will be able to offer their clients banking products that include:
Select Money Market, providing a highly competitive rate, plus liquidity, flexibility and accessibility with limited check writing privileges;
Select Checking, providing An Interest Earning Checking Account with high yields that beat the competition;
Select Savings, providing a safe and secure Savings Account with a highly competitive rate; and
Select CD, providing high rates, high returns, and no market risk.
Making these products more attractive to clients is the fact they will have access to a highly trained, dedicated team of BofI Advisor account specialists capable of answering any of their banking questions.
BofI Advisors will provide financial advisor’s broker-dealer with detailed quarterly reports remit residual payments for the accounts opened and funded by their clients. Financial advisors will be compensated by their broker-dealer on a quarterly basis.
