Wealth Management Account Onboarding Business Process Workflow Template

OpsDog Wealth Management Account Onboarding Workflow - Preview Image

Overview: Wealth Management Account Onboarding Workflow Template

This workflow template illustrates the opening of new Private Wealth Management customer accounts, including the completion of all required paperwork, account verification and funds transfers. Purchase and download this template in PDF, PowerPoint (PPT) and Visio (VSD) formats. You can customize it to fit your own organization, or simply use it to better understand Wealth Management Account Onboarding processes.

Download a Free Sample of this Workflow Template

Process Details and FAQ: Wealth Management Account Onboarding

What is included in the Wealth Management Account Onboarding process?

The Wealth Management Account Onboarding process involves coordination between new retail private wealth management customers, financial advisors and client services team members to setup and configure new investment accounts. Customers work with financial advisors, or representatives, to setup new accounts by providing all required information. Once the account has been verified and approved, client services team members assist the new account holder with performing the initial fund transfer and also educate the new client on performing future transactions (trades, disbursements, transfers, etc.).

Which KPIs, or metrics, are typically used to measure this process?

The following metrics may be used to measure the Wealth Management Account Onboarding process:

  • 1.Cycle Time: Fund Transfer
  • 2.Cycle Time: New Wealth Management Account Opening
  • 3.Lead-to-Close Rate (Private Wealth Management)
  • 4.Revenue per Account: Wealth Management
  • 5.Wealth Management Revenue as a Percentage of Total Revenue
  • 6.Unit Cost: Fund Transfer
  • 7.Unit Cost: New Wealth Management Account Opening

Which employees and/or departments are involved in this process?

The following parties are typically involved in the Wealth Management Account Onboarding process:

  • Customers
  • Financial Advisors (for Retail Clients)
  • Client Services Staff (Back Office)

What is the purpose of these workflow templates?

Broken business processes pervade companies, large and small. Manual workarounds, downtime, errors and other waste is thought of as "the cost of doing business." Use our workflow templates as a starting point to document your own processes. Customize them to fit your business and add "call outs" for improvement opportunities.

How are these workflow templates created?

These workflow templates are the product of over 20 years of hands-on management consulting experience, as well as research performed by the OpsDog team. All of our workflows are mapped using the BPMN 2.0 specification.

How do I download a workflow template?

Simply click the "add to cart" button and follow the process to purchase and download this workflow template. You can use any major credit card, or a PayPal account, to pay. After you have completed the purchase, you will receive a link to immediately download the workflow template in PDF, Visio and PowerPoint formats. If you aren't a registered OpsDog user yet, create a free account! New users get $20 off of their first purchase.

Questions?Call: 844-650-2888Email: info@opsdog.com
  • Workflow Template


    Wealth Management Account Onboarding

    - Instantly download files
    - Includes PDF, VSD, PPT file formats
    - Customize PowerPoint, Visio versions
    - Mapped in BPMN 2.0 format


    Call: 844-650-2888

    Email: info@opsdog.com

Related Products

Looking for a custom solution?

OpsDog’s remote analytical team can provide custom, high quality data, reports and analysis for your organization with low cost and risk. Custom solutions include:

Questions?Call: 844-650-2888Email: info@opsdog.com

Let's find a solution that works for you. Fill out the form below and an OpsDog team member will contact you shortly to learn more about your needs...

Need help?
Call: 844-650-2888
Email: info@opsdog.com
Tax will be calculated in the purchase step.
Continue to Payment
Please login to continue your purchase
Need help?
Call: 844-650-2888
Email: info@opsdog.com
Need help?
Call: 844-650-2888
Email: info@opsdog.com
Back to Top