Search

Discovery Series
02/06/21

Welcoming New Clients to Financial Planning

The average cost to financial advice firms to onboard a new client is £1,543 and the process takes an average of between three and four weeks.

This was the headline takeaway from the recent NextWealth Financial Advice Business Benchmarks study.

Since then, the global pandemic has ushered in a wave of digital process improvements. Processes that remain manual stand out as dated– driving up cost and eroding customer trust.

In this report, supported by Origo, we look at the client onboarding process and the challenges it poses to financial advisers and providers.

These challenges have negative knock-on effects for clients but in fact both adviser and provider exists to serve clients.

Through greater understanding of one another’s challenges and viewpoints, we can work together to deliver better outcomes to clients.

Download the report

Add your details to receive your copy of the report.

To download this report just tap the button below.

    I would like to take part in NextWealth's research panel

      Direct to your inbox

      To stay up to date with what's next in wealth subscribe to our newsletter