The demand for alternative investments continues to rise, prompting financial advisors to expand the products and strategies available to their clients. However, despite the diversification and risk-managed returns they can provide, the experience of accessing and investing in alternatives, from onboarding and account-opening to integration into portfolios, is a time-consuming one.
As it stands now, the amount of account-opening paperwork required for a client to invest in an alternative strategy is so cumbersome that it must be executed separately from regular account-opening workflows. A process that requires separate, lengthy paperwork, apart from all other business conducted with the same client, elevates the risk of potential errors as well as investment and allocation delays.
This added work comes from the difference in suitability requirements from client to client, and…
