The demands placed upon a financial advisor can be many as clients are always expecting to see their money grow. These expectations place a premium on financially sound products and services accessible to financial advisors, the kind of products and services offered by BofI Advisors.
As a division of BofI Federal Bank, BofI Advisors has designed a list of core banking products that come with high interest rates and low or no fees. This product lineup includes 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.
Financial advisors can offer their clients these products through an agreement BofI Advisors has with their broker-dealer. Once eligibility has been determined financial advisors need only complete an online training course and once passed, fax in their disclosure compliance certificate and they can then offer these banking products.
Of course these banking products come with excellent customer service for your clients as they have access to a highly trained, dedicated team of BofI Advisor account specialists ready to assist in any capacity.
Once financial advisors have clients who have opened and funded accounts they will receive residual compensation from their broker-deal on a quarterly basis.
