The securities are electronically recorded in the client's account, eliminating the possibility of theft or loss. Like the laptop computer, the Internet can be a powerful communications tool for brokerage firms. Sponsors of 401K plans can simply logon and check plan level activity, participants can make transactions and take advantage of the wealth of educational material available, ranging from online financial calculators to asset allocation models. While professional investment managers and institutions have long traded with each other after the traditional Wall Street closing bell, individual investors orders submitted after 4 p.m. were generally not executed until the exchanges reopened the following day. Some firms even give their clients the capability to send and receive e-mail from their financial consultants, buy and sell stocks through online trading systems and pay bills.
Advanced technology benefits all parties involved.
Technology frees up the financial consultant and allows him or her to continue to give the investor the professional advice and attention necessary to assist them in reaching their personal financial goals. Search our online archive, or browse past editions. All rights reserved. Direct questions and problems to the webmaster . Don't miss a thing.