For financial advisors looking to provide their clients with sound products and services BofI Advisors, a division of BofI Federal Bank, has developed a menu of core banking products designed with strong customer service along with superior earnings in mind.
Through an agreement arranged between BofI Advisors and the broker-dealer a financial advisor can establish eligibility, register for an online training course and upon passing the course fax the disclosure compliance certificate and begin offering these banking products to their client.
The list of banking products 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.
On a quarterly basis financial advisors will receive residual compensation from their broker-dealer for the accounts their clients have opened and funded. To make managing these client accounts easier BofI Advisor provides financial advisors with the ability to view those accounts online provided the clients grant permission.
