Opening Accounts and Onboarding Clients with Pre-populated Forms
Straight Through Processing Whitepaper – Rethink the Way You Do Business for Wealth Management
Filling out paperwork is always a hassle. Writing the same information again and again, trying to understand opaque instructions, making sure you’ve got form 2056-AB and not 2065-BA — it’s enough to drive anyone a little crazy.
In wealth management, those problems are magnified. Paperwork issues can negatively affect the client experience, frustrate advisors, and increase workloads in the home office.
Financial advisors need to walk clients through stacks of forms, manually completing fields and collecting signatures. Pull the wrong forms or miss an essential field, and you run into compliance issues that slow down business and decrease profitability.
The Solution: Dynamic Starting Point
What if your advisors had access to an easy-to-use wizard-type experience to open any new accounts and onboard clients to ensure it’s complete, correct, and compliant – the first time? Broker Dealers that enable end-to-end digital account opening and formless client onboarding not only see a reduction in paperwork and processing errors, but also experience increased efficiency and better profit margins!
Check out our Free Straight Through Processing Whitepaper for Wealth Management to learn more about Dynamic Starting Point.
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