Tech Update: Advisor360° Launches New Bulk Onboarding Capability for Accelerated Client Account Transitions
16 Julio 2024 - 8:03AM
Business Wire
New Capability Supports Repapering Up to 6,000
Accounts in Seconds; New Mobile App & Home Office Dashboard
Improve Functionality
Advisor360°, a leading provider of integrated technology for
enterprise wealth management firms, has launched Account
Transitions, its newest Digital Onboarding capability that allows
firms to easily repaper thousands of client accounts in seconds in
support of advisors in transition. Debuting on the heels of its
recent research revealing that nine out of 10 financial advisors
would switch firms over bad technology, Advisor360°’s new
capability facilitates a best first impression when advisors make a
move.
Account Transitions accelerates the collection and transfer of
data during the onboarding of client accounts, supporting the setup
of up to 6,000 accounts in 90 seconds. The new capability collects
and standardizes client and account data en masse by automating
error detection, creating contacts and households for the CRM, and
drafting new account information. By facilitating a seamless and
efficient bulk account transfer and repapering process, the Account
Transitions capability is a force-multiplier for advisors moving
entire books of business from one firm to another.
“Research shows that on average 13,000 advisors switch firms
every year. With so many advisors on the move, firms need solutions
to help attract and transition them effectively,” said Mat Mathews,
Chief Product and Engineering Officer of Advisor360°. “Account
Transitions enables firms to get advisors settled with ease and
move their client accounts in less time while maintaining excellent
client service.”
Advisor360°’s award-winning Digital Onboarding solution is
already used by advisors to open approximately 400,000 new accounts
per year. The company has integrated Envestnet’s managed accounts
platform into its Digital Onboarding offering, resulting in an
average of 6,500 new Envestnet account openings per month.
In addition to the launch of Account Transitions, Advisor360°
continues to drive efficiency for advisors and their home office
teams with updates to its mobile app and Home Office Dashboard.
More Access in the Mobile App
Advisor360° has elevated the overall functionality and user
experience in its mobile app for both iOS and Android devices. In
addition to having a holistic view of their portfolios, clients now
also have real-time account balance details and can communicate
securely with their advisors. Balances on all types of accounts are
now accurate up to the minute, so clients have access to the most
current portfolio information every time.
Enhanced Home Office Dashboard
Advisor360° unveiled a new environment for advisors and their
teams using its Home Office Dashboard. Now, Home Office users can
more easily navigate across cases, accounts, trading and
compliance, as well as initiate portfolio analysis. Users can
personalize their dashboards to consolidate what they need into a
single view—whether that’s support, operations, or
compliance—creating efficiencies and streamlining workflows for
deeper analysis with advanced visuals.
“Growth-minded firms are investing in the best technology to
empower home office users to work more efficiently,” said Mathews.
“Our new Home Office Portal and Dashboard improve productivity,
ensure security, deliver personalization and enable home office
users to complete their daily tasks within a single integrated
portal.”
About Advisor360°
Advisor360° builds, integrates and delivers technology for
wealth management firms. The company’s award-winning integrated and
open architecture SaaS platform brings a connected digital wealth
experience to financial advisors, their clients and the home office
so that firms can drive better outcomes and innovate quickly.
Advisor360° clients benefit from timesaving capabilities and
streamlined workflows when it comes to portfolio and performance
reporting, financial planning, insurance, proposal generation,
trading and model management, digital onboarding, document
management, analytics and compliance. The company’s proprietary
Unified Data Fabric® (UDF) is the foundation of its platform,
weaving together shared services and pre-built integrations that
work with existing technology stacks. The company is headquartered
in Weston, Massachusetts, with offices in Bengaluru, India; and
remote workforces in Canada and Northern Ireland. Today, three
million households with $1 trillion in assets benefit from the
connected Advisor360° experience. To learn more, visit
www.advisor360.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240716360435/en/
Jacqueline Murphy Advisor360° (781) 366-4222
jmurphy@advisor360.com