Securities America Tops $1 Billion in Mobile Check Deposits

Advisor adoption of technology helps promote a more efficient office

Financial advisors with Securities America, a wholly owned subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE MKT: LTS) recently surpassed $1 billion of deposits into client brokerage accounts using mobile devices such as a cell phone or tablet.

Sean Buckley, CFO of Buckley Financial Planning in Worthington, Ohio, was an early adopter of this technology.

“When using mobile check deposit, the cash from a check generally becomes available on the same day we receive the check,” Buckley said. “This gives me the option to invest the funds sooner.”

Tera Myers, service specialist at Buckley Financial Planning, said using mobile check deposit has streamlined her workflow, freeing up time for other responsibilities.

“Mobile check deposit has improved my time management by cutting down on time spent processing, shipping out physical checks, and tracking them through Securities America,” Myers said.

Securities America Executive Vice President and Chief Information Officer Doreen Griffith said reaching the $1 billion mark for funds received through mobile check deposit is a strong indication of how technology adoption makes Securities America offices more productive in their daily workflow.

“This is just one example of how rapidly evolving technology is reshaping our industry,” Griffith said. “By embracing Mobile Check Deposit, our advisors and their staff have freed up significantly more time that they can use to better serve their clients.”

About Securities America

Securities America is one of the nation’s largest independent broker-dealers with more than 2,000 independent advisors and $58 billion in client assets.

Securities offered through Securities America, Inc., member FINRA/SIPC. Advisory services offered through Securities America Advisors, Inc., an SEC Registered Investment Advisory Firm. Securities America and Buckley Financial Planning are separate entities.

View source version on businesswire.com: http://www.businesswire.com/news/home/20161018005400/en/

Securities AmericaNatalie Hadley, 402-399-9111 ext. 4606800-747-6111 ext. [e-mail]