Kaplan Financialâs Licensing and Registration ServicesSM (LRSSM) group will provide all insurance licensing and securities registration services to First Command, ensuring quicker response time to Financial Advisors, increasing data integrity and reducing their compliance risk.
âOur partnership with Kaplan Financial will allow First Command to focus on our core business and what we do best â providing independent advice and personalized financial plans to our thousands of client families,â said Rob Stenson, Director of Field Support for First Command.
By partnering with Kaplan Financialâs LRSSM group, First Command will have access to its latest compliance technology on the market. Kaplan Financialâs web-enabled Compliance Management System Generation 2â¢ (CMS G2â¢) provides automated workflow support for the licensing, appointment request and registration processes for insurance producers and securities representatives.
Specifically, using CMS G2, the LRSSM group will help First Command enforce each unique state and federal compliance requirement. In addition, the system will reduce the time to process FINRA Form U4, Form U5 and Branch Registration transactions,
as well as company data sheets. As a result, First Command will be able to get its advisors actively selling products sooner â and without interruption.
âKaplan Financial has the technology and support to assist First Command with increasing their return on investment while decreasing the firmâs compliance risk,â said JR Berry, Executive Vice President and Managing Director of Kaplan Financialâs Compliance Services division. âWe are privileged to have been selected by First Command as its outsourcing partner. We welcome the opportunity to support their national network of Financial Advisors, and to assist them in meeting their business goals.â
Kaplan Financial is scheduled to âgo liveâ with First Command in the fall of 2007.