TradePMR, a provider of technology and custodial services for RIAs, has introduced new enhancements to its platform aimed at improving the client onboarding process.
The fintech provider has unveiled updates to its Fusion platform, which are designed to streamline account openings and reduce administrative workloads for its clientele of fee-only investment advisors, helping them scale their operations more efficiently.
While the onboarding process can certainly be a formative experience that requires a human touch, TradePMR's says its enhancements can help by addressing several key friction points.
Among the latest features, a new CRM integration allows for the automatic population of account applications using existing data, reducing the time and effort spent on manual entry. The firm said Fusion users can also now group multiple household accounts into one DocuSign envelope, with all necessary documents included. Beyond that is a parallel signing feature, which enables multiple parties to sign documents at the same time in order to expedite the process.
“We know the critical role the onboarding experience plays in shaping a client’s initial perception of their advisor,” Scott Victoria, chief operating officer at TradePMR, said in a statement. “Easing the account-opening process is a key part of our ongoing commitment to helping advisors reduce administrative tasks, minimize errors and enhance the overall client experience.”
TradePMR has placed a strong focus on enhancing its platform over the past two years. Among its recent improvements, the fintech firm highlighted its new branding and personalization options, strengthened two-factor authentication (2FA) measures, and a modernized user interface.
“The addition of our new account-opening features showcases the Fusion platform’s continued momentum and our deep commitment to addressing advisors’ specific needs,” Victoria added.
In August, TradePMR bolstered that commitment by deepening its tech bench, hiring four veteran professionals with experience from Apex, Schwab, Goldman Sachs and TD Ameritrade.
Rajesh Markan earlier this year pleaded guilty to one count of criminal fraud related to his sale of fake investments to 10 clients totaling $2.9 million.
From building trust to steering through emotions and responding to client challenges, new advisors need human skills to shape the future of the advice industry.
"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.
Chair also praised the passage of stablecoin legislation this week.
Maridea Wealth Management's deal in Chicago, Illinois is its first after securing a strategic investment in April.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
