| Business Support Systems | Workflow Automation
Advisor Transitions Solution
The Skience Advisor Transitions Solution digitizes and simplifies the process by which advisors changing firms can transfer client accounts and assets to a new firm. The solution provides:
– Advisors’ channels to communicate with clients as they collect personal information for opening new accounts.
– Guided workflows with real-time input validation as well as at-a-glance tracking of the completeness of account data being submitted via Skience’s integrations with the major clearing and custodial firms.
– And it facilitates the quick electronic transfer of assets into newly opened accounts.
The solution cuts the time and effort required for the transition process, which involves a series of time-consuming, paper-intensive, highly manual tasks, while ensuring advisors and firms complete the process in compliance with applicable rules and regulations.