National Planning Holdings, Inc. (NPH) announced Tuesday that it will work with Erado on compliance for social networking, with rollout of the new capabilities expected in the fall.
Once completed, NPH said its representatives would be able to use LinkedIn, Facebook and Twitter for client communications and business development programs.
Each of the four broker-dealers in the NPH network, INVEST Financial Corp., Investment Centers of America, National Planning Corp. and SII Investments, will be covered by the agreement with Erado. The new technology will assist NPH in monitoring, tracking and archiving social media activity on the part of its representatives to ensure compliance.