First American signed a multi-year contract with ADP for its clearing and settlement services, both domestically and internationally. The broker/dealer caters specifically to financial institutions and other member broker dealers.
By leveraging ADP’s advisor desktop application, ProVisor, First American says it will be able to expand its business in the registered investment advisor market, particularly in its local Florida market.
ProVisor’s technology allows investment advisors access to critical portfolio information, including real-time tax lot updates and contact management capabilities, coupled with automated online order entry and real-time market data.
ProVisor gives our investment advisors the ability to increase productivity and grow revenues, said Scott Hudson, chief operating officer of First American.
