A few important considerations that are often overlooked when consumers go online and paperless include the effort required to collect documents from a range of web sites (many consumers have accounts at different institutions for banking and brokerage transactions), authentication of document originality, document security, centralized organization, secure availability of documents with a registered “investment advisor” (e.g. tax accountant) and then disaster recovery in the event of fire, flood or earthquake as illustrated with the California fires last year. Wells has chosen to address one or maybe two on this list.

As financial services consumers seek to reduce paper clutter and streamline their financial lives, the need for an easy-to-use, convenient and secure service with a flexible set of financial management tools becomes more critical. I would invite you to review a new online service recently made public last week known as VaultStreet at the web address www.VaultStreet.com to learn more.