Junxure, a digital client relationship management (CRM) platform, will be the first CRM platform to use the digital account open workflow devised by Schwab Advisor Services.
Starting this month, wealth management firms that utilise Schwab Advisor Services and Junxure can open new accounts digitally and in real-time.
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Junxure’s integration with Schwab is set to eliminate certain challenges:
- Manual form-filling;
- Co-ordinating with busy clients;
- Resolving not in good order data issues, and
- Ensuring CRM accuracy.
Uninterrupted synchronisation of both platforms enables advisers to generate new account documents for various account types. It achieves this by using pre-filled data fields and e-authorisation technology.
Furthermore, the integration removes the need for users to move between different applications and duplicate entry of information.
“We’re proud to integrate more closely with Junxure by expanding on their real-time data integration with new digital workflow capabilities, so that advisers have even greater operational efficiencies,” said John Connor, vice president of Charles Schwab Digital Advisor Solutions. “Kicking off digital onboarding using data from a CRM system is powerful.”
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By GlobalDataLifeYield
Schwab Advisor Services has also integrated with LifeYield. LifeYield is a cloud-based solution that facilitates tax-smart, risk-smart management of an investor’s entire household portfolio.
Customers can now enter several related sections of Schwab into their LifeYield user interface.
Furthermore, Schwab exports account information daily to LifeYield. This provides and easy way for RIAs to view all pertinent client information via one platform.
“LifeYield is at the forefront of the household-level fintech revolution, and it’s through integrations with firms like Schwab we’re able to help RIAs grow their businesses and investors make and keep more of their money,” said Steve Zuschin, EVP at LifeYield.
“This integration makes our powerful software suite available to thousands of RIAs who custody with Schwab, and we’re proud to be included as an integration partner on their platform.”
“LifeYield’s Advantage Suite toolset is a welcome addition to our growing integration ecosystem,” added Kartik Srinivasan, managing director, Digital Product Management for Schwab Advisor Services. “Their technology enabling advisers to efficiently manage an investor’s entire household aligns well with our strategy to offer integrated solutions that help advisers serve their clients more effectively while also helping them scale their business.”
