NEW ACCOUNT OPENING

A faster, more efficient New Account Opening (NAO) process equates to improved client experience and a better bottom line. IFS’s NAO Solution automates account opening and streamlines the client experience from initial contact and set-up to account funding on the relevant systems of record. By opening and funding accounts more efficiently, advisors can focus on what really matters: helping their clients earn returns on their investments suitable to their investment objectives.
IFS offers the most mature, comprehensive NAO solution in the market for a large variety of account types such as Retail Accounts, Managed Accounts and Institutional Accounts. As a result, firms enjoy lower implementation costs and shorter implementation timelines. Our NAO Solution is easily customized to meet your firm’s specific policies and procedures and easily integrates with your host systems, including CRMs, record-keeping systems, imaging platforms and more.

ADVISOR ONBOARDING

As financial services firms continue their efforts to attract and retain top talent, they must have solutions in place to handle the complex process of reviewing and onboarding new financial advisors. IFS’s Advisor Onboarding Solution allows you to automate the entire process—from recruitment to client repapering and every step along the way—making a great first impression to prospective advisors and demonstrating your commitment to innovative advisor and client experiences.

CLIENT ONBOARDING

More than ever before, today’s financial services firms are focused on attracting investors through modern operations, advanced technology and premiere services and offerings. As investors switch firms, organizations must be prepared to onboard clients across the investor’s household. IFS’s Client Onboarding Solution greatly simplifies the complex process of onboarding clients with multiple accounts.

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

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