Whitepaper: Build or Buy? Key Technology Considerations
Three approaches for improving the client onboarding process in wealth management. Read the overview to evaluate your options.
Wealth Management Onboarding
Onboarding is commonly referred to as all the “paperwork” that has to happen before an advisor can begin officially working with a new client. You’re probably here reading this because your advisors are unproductive and unhappy, your clients are expecting digital processes with the advent of robo-advisors, and you want to build a more efficient firm. Plain and simple, these are the outcomes of using the Agreement Express onboarding platform:
Onboard clients faster on a digital platform
Reduce administrative overhead
Simplify compliance processes and inter-departmental communication
Free up advisors to do what they’re best at
Create operational scalability and agility
Reduced administrative costs by 50%
Reduced abandonment rate by 30%
When it comes to onboarding, robo-advisors are more than a threat. They are creating a client expectation that wealth management can and should be digital, just like the rest of their lives. You can’t afford to stick with your old paper-based processes.
Agreement Express Core Onboarding Platform Components
Our SaaS platform automates the complete end-to-end process of onboarding a new client. It is so much more than the sum of its parts.
These are the tools and features of our core onboarding platform that help you onboard your customers in a fraction of the time.
One place to manage all client onboarding documents
Agreement Express makes it easy to store, view, and retrieve all client data that is inputted through our SaaS platform
Build guided web pages for a faster, more intuitive form-filling experience
Collaborate on client onboarding documents in real-time to prevent unnecessary back-and-forth
Manage who gets what documents and in which order
Customize document priority order for each member of your risk team, and easily reconfigure based on changing priorities and workload
Agreement Express manages the end-to-end business process of onboarding a new client, or changing the product/service that a current client is receiving
Time-stamped recording of all client document events for compliance
Edit and customize client onboarding forms to match specific client needs
Keep track of all of your client information in one place
Sign documents digitally for a faster, more secure authentication process
Easily search, aggregate, and visualize any piece of collected client data.
Wealth Management Extensions
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Reduce manual processing and time involved in the Account Transfer process by automating.
Make it even easier for your advisors in the field to open new accounts in more languages. Serve your multi-lingual customers faster by presenting forms in other languages, helping bridge the communication gap and getting accounts opened in less time. Language extensions include: French, Spanish, Korean, Punjabi, Cantonese, and more.
Onboard existing and new advisors into your organization in less time, and with less team resources. With the HR extension your organization can mass upload an advisor’s book of business and easily issue New Account Opening or Account Transfer actions.