#USA #Montreal #client onboarding #NDEX Systems #Schwab Advisor Center

NDEX Systems Enhances Advisor Experience with New Integration

NDEX Systems, a prominent player in North America's wealth management and multi-custodian platform sector, has announced a major step forward in simplifying the operations of financial advisors. This new integration with Schwab Advisor Center introduces an advanced single sign-on (SSO) feature and a fully streamlined client onboarding process, marking a significant improvement for wealth managers, Registered Investment Advisors (RIAs), and family offices alike.

The New Integration: What It Does

The collaboration between NDEX and Schwab brings together two leading financial solutions to create a seamless experience for advisors. With the integrated SSO functionality, advisors can now transition effortlessly and securely between the NDEX platform and Schwab services without the need for multiple logins. This enhancement not only bolsters data security but also accelerates the completion of daily tasks, making it a game-changing tool for financial professionals.

Streamlining Client Onboarding

In addition to the SSO capabilities, the new onboarding process has been designed to cut down on administrative burdens that often slow advisors down. Key features of this integration include:

• - Direct Initiation of Accounts: Advisors are now able to initiate account openings directly through NDEX, which reduces delays and increases client satisfaction.
• - Data Pre-Filling: By utilizing NDEX's normalized data set, client and account information can be automatically populated, thereby minimizing manual entry errors and efforts associated with duplicate information.
• - Improved Accuracy and Speed: The system aims to reduce the time taken for account completion and funding, which is crucial for advisors looking to enhance their client service touchpoints.

Laurent Bensemana, the Founder and CEO of NDEX Systems, emphasized that today's advisors require not only speed but also accuracy and workflow simplicity. “Our integration with Schwab delivers exactly that—removing friction, eliminating duplicated administrative steps, and ensuring that advisors always work from a single source of truth,” stated Bensemana.

Security and Efficiency

Security is a top priority in today's financial landscape, and this new integration prioritizes this through enhanced authentication protocols. The SSO feature effectively reduces the number of logins, a common vulnerability in the management of sensitive financial data.

Alison Dooher, Managing Director of Wealth Services at Schwab, echoed this sentiment, stating, “Schwab is committed to enabling technology that helps advisors run more efficient and scalable businesses.” The partnership with NDEX is positioned to enhance both security and operational efficiency for wealth management professionals across the sector.

Expanding Collaboration

This integration is a continuation of the productive collaboration between NDEX Systems and Schwab, reinforcing their dedication to innovation and operational efficiency in the advisory landscape. With this advanced SSO and onboarding capabilities, advisors can leverage the distinct strengths of both platforms to create a more cohesive and effective operational model.

Through this integration, advisors utilizing NDEX now have the potential to combine Schwab's superior custodial services with NDEX's robust data engine. This includes vital features such as multi-custodian normalization, reconciliation accuracy, and seamless connections with CRM systems, financial planning tools, and reporting platforms, ultimately empowering advisors with greater operational capabilities.

Availability and Client Support

The integration is available immediately for NDEX users with Schwab custody relationships. Advisors who are already part of the NDEX ecosystem can request activation through their account manager, ensuring that they can capitalize on these features without delays.

About NDEX Systems

For over 25 years, NDEX Systems has been at the forefront of redefining financial data management in the wealth management industry. As a leading independent multi-custodial technology provider, NDEX delivers patented solutions that aggregate, normalize, and reconcile complex financial data. Currently, NDEX is proud to support more than 13,000 wealth managers and firms across North America, assisting them in managing over $300 billion in assets effectively.

For further details on NDEX Systems and their innovative solutions, visit www.ndexsystems.com.