Account Opening

 

Processing times for investor applications are a major problem in the financial services industry.

The Challenge
Transaction processing is unnecessarily complicated. It takes days for an order to settle – that is, unless there is missing or outdated information. In that case, the clearing agent contacts the operations group of the Broker-Dealer or RIA who then reaches out to the advisor or the advisor’s assistant and the burden is on them to follow up with the client‚ starting the process all over again.

A Better Alternative
Fortunately, there’s a better alternative that enables transactions to be processed in minutes instead of days, at a reduced cost and with no redundancies or paperwork. It is called Dopcupace’s Paperless Account Opening and Maintenance.

The Solution: Docupace New Account Opening and Maintenance
When first inputted, all general account information is automatically saved in the Paperless Account Opening and Maintenance system. The information then pre-populates every form, every time. Any update to client information appears on all forms in the system. For information unique to a particular transaction, the client or advisor simply inputs the new information and the client signs electronically. If any part of the application is incomplete or incorrect, the Paperless Account Opening Processing system automatically detects the problem and alerts the advisor before the application is sent out, eliminating NIGO subscriptions. Forms can then be securely recorded, transmitted, processed, confirmed, cleared and settled within minutes.

  • Lightens the Registered Investment Advisory and Broker-Dealer Burden:Totally paper-free. All the manual, mind-numbing work is done for you
  • End-to-End: Completely streamlines every aspect of transaction processing from your computer or device to theirs, with additional security, authentication, tracking, reporting and instantaneous confirmation
  • Easy to Integrate: The client-friendly,Account Opening system quickly and easily integrates with any preexisting system
  • Sets the New Industry Standard: Establishes one common process between firms, all Broker-Dealers, and RIAs, decreasing turnaround time and reducing errors and costs. This is the future of transaction processing.