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.

Key Features

  • Customized workflow, including your recruiting, compliance, licensing & registration, finance and technology functions
  • Dashboard view provides real-time updates and alerts that show all involved parties where they are in the transition process and what steps are next
  • Ability to send email notifications to the prospective advisor
  • Easy-to-use web forms and electronic signature capabilities
  • Incorporation of the agreement terms, FINRA Broker Track Report, correspondences and loan documents into the event workflow
  • Visibility and complete audit trails of all interactions
  • Specific business logic that allows for auto-decisioning and routing based on your recruiting goals and broker performance thresholds
  • Ability to integrate with your in-house or cloud-based licensing, registration and commission systems
  • Seamlessly bring on an advisor’s book of business and streamline the client repapering process by offering the ability to upload or input client information
  • Integrates with IFS’s account opening workflows to expedite the client onboarding process and open accounts without re-keying data
  • Tracking of all advisor inquiries from a public website by IFS or by your firm

Benefits

  • Allows electronic opening of accounts at major custodians and in-house platforms without rekeying any account data
  • Attract and retain top advisors with a digital onboarding experience that is interactive, transparent and hassle-free
  • Impress advisors with a great first impression of your firm’s operations
  • Enhanced transparency so advisors know where they are in the process
  • Opens the lines of communication between your firm and prospective advisors
  • Ensure compliance, especially as it relates to regulations around recruiting new advisors and their existing customers
  • Easily provide all documentation required to advisors and clients
  • Onboard new advisors quicker and empower them to start engaging with clients rapidly