The focus of a financial advisor is constantly centered on providing their clients with strong investment opportunities and if they successfully deliver these opportunities and they produce favorable returns then the financial advisor enjoys the rewards as well. It’s an easy formula but it can be a challenge to put it into practice as many investment opportunities carry with them significant risks.
BofI Advisor, a division of BofI Federal Bank, owned by BofI Holding, Inc. (NASDAQ: BOFI), not only provides an excellent investment opportunity for the clients of a financial advisor, they do so without exposing these clients to the possibility of financial losses.
This investment opportunity created by BofI Advisor comes in the form of a concierge program complete with high-yield banking products and services and through an agreement with broker/dealers they are available to qualified financial advisors who can then offer them to their clients. These banking products include:
-Select Money Market accounts that provide a highly competitive rate, plus liquidity, flexibility and accessibility along with limited check writing privileges;
-Select Checking accounts that come with an opportunity to earn interest along with high yields that beat the competition;
-Select Savings accounts that comes with a highly competitive rate along with the opportunity to earn interest compounded daily on qualified balances
-Select CD, providing high rates, high returns, and no market risk
While these banking products are directed at the clients of a financial advisor BofI Advisor also provides a number of benefits for the financial advisor including a competitive free environment with no in-house wealth management or investment services; advisors earn residual compensation on account balances and product offerings; they can view customer accounts through information-sharing agreements; and much more.
Financial advisors interested in offering their clients the high-yield banking products and services provided by BofI Advisor can learn more about the financial advisor program at: https://www.bofiadvisor.com/Advisors.aspx