It will be available at no cost to advisers who custody with Schwab and will include two years of Laser App support.
Schwab Advisor Services, a provider of custodial, operational and trading support for more than 6,000 independent registered investment advisory firms (RIAs), made this announcement after completing what it deemed “a successful pilot” program with the program.
Laser App allows advisers to leverage existing data from their client relationship management system (CRM) and the Schwab Advisor Center website to pre-populate forms and applications. Eighty of the most commonly used forms will be available and advisers can submit applications online to obtain a Schwab account number.
“We’re always looking for ways to help advisers stay focused on maximizing productivity and efficiency,” said Steve Hirsch, vice president of Institutional Web Services at Charles Schwab. “Laser App integration allows advisers to streamline paperwork so they can spend more time on growth strategies and strengthening client relationships.”