Trust Account Product Life Cycle
This workflow template illustrates the initiation, maintenance and closing of investment trust accounts. Purchase and download this template in PDF and Visio (VSD) formats. You can customize it to fit your own organization, or simply use it to better understand Trust Account (Product Life Cycle) processes.
Related KPIs : Assets Under Management (AUM) Withdrawal Rate: Existing Clients, Assets Under Management (AUM) Growth Rate: New Clients, Cycle Time: Asset Transfer
What is Trust Account Product Life Cycle?
The Trust Account (Product Life Cycle) process involves the initiation, maintenance and closing of investment trust accounts. This process includes the reception of customer trust account related inquiries, product needs analysis, customer risk assessment, account opening, asset allocation, informational change request processing (ensure that customers are informed once the change has been made) and account closing. Once the account has been closed, it is recommended that all asset transfers are tracked to ensure they have been distributed correctly.
Download a Sample Trust Account Product Life Cycle
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Investment Management New Business
This workflow template illustrates the onboarding of new investment management account holders (including retail, private wealth and institutional clients), including initial customer needs...
Type : Workflow Template
Process Participants : Customers, Financial Advisors, Institutional Investment Management Account Managers, client Services Staff (Back Office)