Tech Update: Advisor360° Launches New Bulk Onboarding Capability for Accelerated Client Account Transitions
New Capability Supports Repapering Up to 6,000 Accounts in Seconds; New Mobile App & Home Office Dashboard Improve Functionality
WESTON, Mass.–(BUSINESS WIRE)–#ConnectedWealth—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.
Contacts
Jacqueline Murphy
Advisor360°
(781) 366-4222
[email protected]
