Sister companies CUSO Financial Services LP and Sorrento PacificFinancial LLC have released a new mobile scanning application forfinancial advisers to use out in the field.

With the app, an adviser can snap a photo of a client'sdocumentation for investments, capture it and upload itautomatically into CFS' dataVISION, a proprietary, Web-basedaccount management system used by the companies' advisers tosimplify administration, communications, sales and reportingfunctions, CFS said.

Aimed to increase their efficiencies, the app securely capturesdocumentation and meets with regulatory compliance requirements,according to CFS, a San Diego-based broker-dealer and investmentadviser.

The free app is downloadable from the Apple App Store for anyiOS user, including iPad, iPod and iPhone devices. A version forAndroid devices is in beta testing and will be available later thisyear, according to CFS.

The app can be allowed or disallowed by users and can beinstalled on multiple devices by an individual adviser.

“We continually look for new ways that technology can createefficiencies and make our financial advisers' workflow easier so they can spend more timewith clients. With everyone so mobile now, this is a clearly practical solution,” said MitziMcMilllin, senior vice president for business systems at CFS andSPF.

Najib A. Khan, an investment representative with the $391million ABNB Federal Credit Union in Chesapeake, Va., said he recentlystarted using the app.

“It makes it easy for an adviser like me that has to covermultiple locations,” Khan noted.

SPF and CFS said they are offering training on the applicationvia live and online modules.