H.D. Vest Financial Services is offering remote check scanning and depositing services to its network of financial planning advisors.

The company, which supports a network of 5,400 tax and non-tax professionals who offer financial planning services, said the new services would allow its advisors to provide same-day check processing for clients. Advisors can use standard desktop scanners to scan both sides of a client's check, along with the client's brokerage or mutual fund paperwork, and securely submit the images to H.D. Vest. The images are then routed electronically through H.D. Vest's operations department for deposit and account opening.

Advisors can track the progress on the HDVLink Web site. Internally, H.D. Vest's operations department also scans and remotely deposits checks that are received in the mail. If the check and paperwork are processed before 2:30 p.m. Central Time, the check will be deposited on the same day that it was submitted. After the time cutoff, the checks will clear on the next business day.

H.D. Vest's technology group worked with Wells Fargo Bank, H.D. Vest's parent company, to develop and implement the check-scanning technology as part of its HDVdocs program. Prior to rollout, H.D. Vest enlisted a small group of advisors to pilot-test the check-scanning technology. For more information, visit www.hdvest.com.


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