Broadridge Advisor Onboarding Solution Overview

This document is a solution brief that outlines the Broadridge Advisor Onboarding Solution (AOBS), which aims to streamline the advisor onboarding process in the financial services industry. The brief details the complexities and inefficiencies traditionally associated with onboarding and presents the AOBS as a solution to these challenges. It describes how the solution utilizes an intuitive wizard interface to simplify the completion of regulatory and proprietary forms while integrating with third-party verification partners. The brief emphasizes the solution's ability to provide real-time visibility into onboarding progress, which is especially beneficial during mergers and acquisitions. Additionally, it highlights the solution's capability to automate data collection and compliance checks, thereby reducing administrative burdens and accelerating the integration of new advisors. The document also discusses the broader market context, including the decline in new advisors and the increasing competition faced by wealth management firms, underscoring the need for optimized onboarding processes.