Process through which a prospect becomes a client and is brought onto the investment advisor’s platform with assets retitled or moved to a new custodian. The process must comply with SEC recordkeeping rules and US Treasury know-your-customer and antimoney-laundering rules. The process often involves new asset types being set up on the system, or adding detailed household information, and an eventual reconciliation between the system and the custodian’s records.

Learn More

View Glossary