Broker-dealer H.D. Vest Investment Services has converted its brokerage clearing functions to First Clearing LLC from Wells Fargo Investments LLC.
The conversion occurred during the weekend of Jan. 15-17, 2011. In the process, H.D. Vest also enhanced its systems, technology, and products as part of its ongoing Vest Forward initiative.
“Through this conversion, H.D. Vest has increased its access to products and technology tools made available by the third largest brokerage firm in the country, Wells Fargo Advisors, LLC, but we’ve retained the customization necessary to support Advisors with a tax practice,” said H.D. Vest president Roger Ochs in a statement.
H.D. Vest advisors, many of whom are accountants, can now access enhanced technology and new tools through the firm’s secure HDVLink portal. In addition to housing applications that facilitate paperless processing of mutual funds and aggregate mutual funds, annuities and brokerage accounts, HDVLink now gives advisors access to products, research and service capabilities that were previously manual in nature. When coupled with HDVLink’s integrated customer relationship management capability, which supports on-line learning and social networking between H.D. Vest advisors, these enhancements give advisors new tools to manage their practices and support clients.
Advisors and their clients have access to an expanded selection of products, services and planning tools. One new planning tool is Envision, which helps advisors to engage new clients and rekindle existing relationships.
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