Wealth Management Account Onboarding
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.
Related KPIs : New Private Banking Accounts Opened per Private Wealth Management Employee, Clients per Registered Investment Advisor, Average Account Balance: Private Banking
What is Wealth Management Account Onboarding?
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.).
Download a Sample Wealth Management Account Onboarding
Frequently Asked Questions
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A: Boost productivity, efficiency, and service levels! Broken business processes—marked by manual workarounds, downtime, and errors—are all too common. Many businesses write off this waste as “the cost of doing business.” But you know better than that! Simply select the OpsDog Workflow Template that best fits your situation, tweak it to your liking, and then use it to train employees, identify process improvements, inform an IT project, or re-design a workflow. That’s a lot of power in your hands, cheap!
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