Sponsor Details: Partner Profile

Skience delivers cloud-enabled strategies and solutions that transform financial services businesses, helping firms save time and money while reducing errors at every stage of their business operations. Skience’s award-winning platform and consulting services provide an efficient way to unify firm’s technology, increase back-office and advisor productivity, and set the stage for an exceptional experience for financial advisors and their clients. Our platform features a streamlined, end-to-end client onboarding and account-opening experience, advisor transition solutions, compliance management functionality, client portal, and data management capabilities, along with deep integrations with leading custodial and
clearing firms.

Skience CRM Platform - We have created an all-in-one solution for firms from onboarding clients via advisors in transition (Advisor Transitions), to subsequently opening new accounts (New Account Opening), to capturing and storing their documents in a 17a-4 compliant manner (Skience Safe) to the surveillance of the trades and transactions that are happening in the accounts (Surveillance Solution), all while giving the advisor the ability to see a holistic view of all the assets that they are monitoring (DataCAR). This platform collaboration or subsequent account opening allows an advisor to collaborate with a prospect or client (Client Portal). Advisors can execute all workflows within their CRM, ensuring a smooth, continuous work experience.

Advisor Transitions - Wealth management firms must provide a transition experience where technology simplifies the needs of an advisor and provides a confident client experience for investors at the same time. The digital advisor transition experience is designed to optimize a wealth manager’s workday through an end-to-end guided workflow solution that enables a rich flow of data between the CRM, managed account platform, and clearing and custody provider. Advisor Transitions is developed for a post-U5 environment and outlines acceptable data to be transferred — mitigating legal risk. Advisors can digitally onboard clients with an intuitive dashboard providing insights of what information is needed to complete the transition. Account statements can be uploaded directly into the system, reducing time spent rekeying and eliminating errors. Accommodating either forms-based or straight-through processing workflows, depending on the needs of the firm, Skience offers a completely digital experience for account creation, resulting in the faster acquisition of assets by the receiving firm. Skience’s digital solution mitigates risk to firms that could be caused by human error, ensures scalability, and delivers a first-class, remote-friendly advisor-client experience.

Client Onboarding – Wealth management firms need to leverage technology to drive scale within their practice, serve clients more effectively, and remain competitive. The award-winning Skience multi-account opening solution is designed to improve advisor productivity, reduce data entry efforts, increase accuracy, and facilitate a better investor experience. The Skience digital onboarding solution connects flawlessly with all of the major clearing and custody platforms. Wealth management firms can pivot from one provider to another based on your business needs, providing a single digital onboarding experience across multiple products and custodians. Leveraging the embedded forms and eSignature capabilities powered by Quik! and DocuSign, Skience helps to reduce errors and eliminate the need for dual data entry.

Surveillance - Principals of firms need greater visibility into clients’ accounts to easily perform supervisory and compliance reviews and collaborate more effectively with advisors and support staff. Skience Surveillance provides wealth management firms with significant operational efficiencies while managing regulatory and business risks. The platform provides principals with full visibility into all account activity for the advisors they supervise. The highly configurable platform allows firms to define approval and exception workflows that align with company policies or adapt them as regulations evolve or their business grows.

Skience Safe - Hefty regulatory penalties have prompted a need for wealth management firms to engage technology partners that can help them improve risk and compliance monitoring, while reducing costs. Properly storing documents does not require compliance teams to drown in a sea of paperwork. Skience Safe allows any document to be digitally stored securely in a 17-a4 compliant manner. The solution features logical navigation across client accounts, multiple options to view documents, fully customizable folder structures, and private folders with time-based sharing functionality, enabling employees, advisors, and clients to create the best digital workspace experience.

Data Consolidation and Replication – Data and analytics are key drivers of digital transformation efforts in wealth management firms. Firms increasingly need to leverage their data to generate insights and help manage their business. Modern firms need a solution that delivers a 360-degree view of a client, ensures regulatory compliance, and integrates with other fintech and downstream systems. Skience’s enhanced data solution creates a single source of truth for wealth management firms to propel digital transformation efforts and drive growth.

Consulting - The CRM system is the focal point of many wealth management firm’s technology ecosystems. Skience has deep expertise in Salesforce applications and helps wealth management firms expand their technology capabilities with Salesforce’s universe of cloud-based sales, marketing, and business applications. Wealth management firms can rely on our industry knowledge to unite separate, best-in-class financial services software tools within the Salesforce CRM. Through our consultative approach, we help firms identify a roadmap to achieve digital success that will help elevate their CRM maturity by analyzing current processes, technology, tools, and user needs, then defining a blueprint that enables the organization to thrive.