Broker Dealer Consulting

Broker Dealer Consulting

The last principle that makes part of the 5 C’s is Consulting. One of the most popular challenges is moving to a paperless processing system. The first step to this problem is a Onboarding system. See our Client On-boarding system. Along with paperless systems the next big solutions is to develop straight through processing to decrease NIGOs (not in good orders). To battle the accelerated regulatory requirements put forward by FINRA C5 Solutions has prepared for this movement. Delegating critical systems to C5 Solutions Broker Dealer Consulting helps BD’s to focus on sales, marketing, planning and team management. Have C5 analyze your Workflow in light of your staff and help give you the efficient resilience to keep the “I” in IBD.

The upside of an organized database and image management coupled efficient Workflow models that ensure timely compliance review of new business. Allowing for prompt delivery of applications and checks to investment sponsors. You and your client have worked together to come up with financial plans of action that include investment vehicles requiring paperwork. Submission of paperwork in good order is imperative. Prompt submission is required. With this in mind, your Broker Dealer can take steps to equip you the registered rep and branch office, to efficiently provide data to the back office. You can then use that data to fill out necessary forms for the client to sign and attach images of that paperwork to the exact account it pertains to. This helps prevent confusion or delays while you monitor the compliance review and approval process.