In another initiative, iNautix underwrote a recently released Moss Adams study entitled The Art of Efficiency. One of the study's key findings was that highly efficient broker-dealers appear to share some common characteristics. They are:

Simplified processes. It takes top-performing firms 50% less time to process an account transfer and 20% less time to process a new brokerage account.

Integrated systems. Top-performing firms are 15% more likely to have integrated systems.

Greater productivity. Top-performing firms generate 42% more revenue and support more than four times the number of advisors per home office staff.

Optimal staffing model. The proportion of operations staff to total staff is half as much for top-performing firms.

With regard to integrated technology, the study found that the benefits are significant. They include:
Lower overhead expenses
Lower not-in-good-order (NIGO) rates
Faster processing times
Greater staff productivity

In partnership with National Regulatory Services Inc. (NRS), iNautix will begin delivering non-transaction-based compliance solutions via Netx360. Through a single sign-on via NetX360, advisors will be able to create customizable written supervisory policies and procedures and registered representative compliance manuals; leverage anti-money-laundering (AML) training using NRS approved templates; manage registered representative licensing, registration and appointment data through two-way communication between FINRA and NRS; and leverage model documents in the NRS forms library.

Securities America
Perhaps the biggest technology news at Securities America is the ongoing enhancements to the company's document imaging offering. For a number of years, through eOffice Advantage, Securities America has made anything that it scans, including applications and checks, available to reps at no charge through an interface called Document Viewer. Securities America has also made quarterly CDs or DVDs of this information available to reps. For an additional fee, Securities America, through its "Permanent Storage" offering, allows reps to upload image files to Securities America's document management system, where they can be indexed and stored.

Now, Securities America is moving forward on two fronts. First, the company has already released a new Document Viewer interface. According to Securities America CIO Doreen Griffith, this new, improved interface has been very well received by reps.

The firm will soon be rolling out something called SAI Desktop Vault. This new software product can sit on a single computer or on a client/server. It is designed to fulfill three major roles:
Transmit paperwork to SAI from the rep
Replace the CDs/DVDs
Allow reps to create their own document server and share their own documents