Transform the Tedious Process of Onboarding into a Highly Efficient & Competitive Advantage
Opening new accounts can be one of your most complicated procedures, with more systems at play and high stakes for advisor retention. Help your agents to delight their clients right from the start. Onboarding creates one efficient process with a single signing experience across all products and owners. Document generation allows for the setup of Asset Transfers, and Account Funding, as simple and intuitive as it should be. Onboarding creates more time and less rework – getting rid of the NIGOs that have been hindering your team. Project trustworthiness and excellence, while ensuring that your financial software makes the right impression on your clients at the crucial outset of your relationship.
COO, WEALTH MANAGEMENT DIVISION
TESTIMONIAL
"IFS' Onboarding Solution jump-started our objective of becoming a more agile, lean organization - one with transparency to measure and improve performance."
KEY
FEATURES
Supports over 50 registration types including basic accounts such as Individual, Entity and IRA, as well as more complex account types like Trust, Complex Entity/Corporation and Shell accounts
Real-time US Postal Service CASS-certified address hygiene and correction capabilities
Integrates fully with CRMs, custodians, record-keeping systems, other internal systems and more
Ability to track, manage and report on SLA adherence
Ability to track and monitor document status and receipt
SEC, FINRA and Patriot Act support, including real-time identity checks and scores
Captures key metrics for volume and processing time by associate, function or department
Electronic work queues, routing and approvals with full transactional visibility to the front and back office
Validation of all appropriate account details via integrated business rules engine
Generates professional client agreements, disclosure packages and all other necessary forms ready for eSignature or local/central print
Simple web-based entry on any device type and any browser, including smartphones, tablets and personal computers
Allows for setup of ACATs and Periodic Distributions as part of the account opening process, including document generation and OFAC checking as required
YOUR
BENEFITS
Eliminates rekeying of data by offering the ability to enter key information once and copy it to other accounts in the household where applicable (even those opened on the same day)
Supports Joint account opening processes with end investors
Improves operational efficiency and team adoption with simple, intuitive interfaces, requiring little to no training
Ensures compliance with government regulations such as KYC and AML
Improves client satisfaction and retention by offering a smooth, modern onboarding process
Orchestrates complex, parallel processes across many people, systems, devices and service delivery channels
Provides the ability to quickly react to rapidly changing regulations and business requirements
End-to-end transactional visibility greatly reduces status calls from the front office to the back office
Reduces costs and dramatically improves cycle times for front and back office processing
Reduces NIGO rates because data is clean and verified upon entry