The Forty-One-Day Challenge?

Exploring the Complexities of Onboarding a High-Net Worth Customer

 Let’s say, for the purposes of the following thoughts, you are wealthy. You’ve invented something or honed a special skill or ascended to a level of performance that has elevated your net worth to something between “very, very comfortable” and “filthy rich.” Congratulations.

What you need now is someone to help you manage your wealth. For a professional of your considerable means, getting that process initiated shouldn’t take too long, should it? A couple of days maybe?

Sadly, no. The correct answer is 41 days.

Forty-one days. That, according to a recent report on technology, is the amount of time it takes a wealth management firm to onboard a new, high-net worth client. Why? Because the process complexity associated with non-digital means of wealth management requires time, plain and simple. Shortening the time frame associated with onboarding depends upon a financial services firm’s digital transformation.

Want to know how to transform, well read on here: https://advisor.kofax.com/blog/index.php/the-forty-one-day-challenge/