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RIAs
Automated Account Application & Custodial Integration
Complexity
High
Timeline
12-16 weeks
Outcomes
4+
Challenge
Manual account application submission to custodians with rekeying, errors, and delays in account establishment impacting time-to-first-trade.
Solution
Integrate Salesforce with custodian platforms (Schwab, Fidelity, Pershing) for automated account application submission, real-time status tracking, and funding notifications.
Key Outcomes
- Automated custodian application submission
- 67% reduction in account opening errors
- Real-time account establishment status
- 3-4 day faster time-to-first-trade
Tags
custodian-integrationautomationriasaccount-openingdata-integration
Implementation Timeline
12-16 weeks
High Complexity