London, UK, June 09, 2020 – Wealth Dynamix, a global leader in Client Lifecycle Management (CLM) solutions, has announced an alliance with Connective, an innovative provider of digital transaction management solutions. This newly formed collaboration, which integrates digital signatures into the Wealth Dynamix CLM solution (WDX1), transforms the wealth management agreement process into an efficient and compliant end-to-end digital experience.
The combination of Wealth Dynamix and Connective facilitates digital transformation by eliminating manual, paper-based signature processes, which are inefficient, error-prone, and in many cases impractical. Especially when mobile or remote working, the inability of both relationship managers and clients to print, sign, scan or mail paper-based documents can lead to lengthy delays and compliance issues. Digital signatures make it quick and easy for clients to sign statements and contracts, and overcome issues related to capturing wet signatures on documentation required for compliance.
WDX1 is the flagship, multi-award winning digital CLM solution from Wealth Dynamix, designed to support the complex requirements of wealth management companies from a single unified platform. Its capabilities span the entire client lifecycle, including client acquisition, client engagement, digital onboarding, regulatory compliance, relationship management and ongoing client servicing.
By integrating Connective eSignatures into WDX1, relationship managers can create, send and digitally sign documents directly from within the CLM platform. The integration automatically utilises existing data from a client’s trusted CRM, generates documents incorporating pre-populated data, signs documents digitally, and fully tracks the signature status for audit purposes. Documents can be signed and returned anywhere, at any time, from any device. On completion of the signature process, signed documents are archived directly within the platform for regulatory compliance purposes.
According to Robert Roome, Director of Product at Wealth Dynamix, “For many years, the need for wealth managers to collect wet signatures has proved slow, unreliable and environmentally wasteful. We are excited to work with Connective, whose eSignature solution completely addresses the legal and compliance concerns that have until now slowed the adoption of digital signature technology in this sector. In addition to making the CLM process ever-more digital, and reducing the administrative burden of doing business for both relationship managers and clients, we are delighted to be able to improve user experience, for all involved.”
“Connective is always on the lookout for new partnerships that facilitate the digital signing process for clients across the globe,” said Nicolas Metivier, CEO at Connective. “We are very excited about our alliance with Wealth Dynamix, which is resulting in an end-to-end digital journey throughout the client lifecycle. This integration alleviates the decades-old burden of securing signatures, which has troubled the wealth and investment management industry and impacted client experience for many years.”
In a webinar to be held on Thursday June 18, 2020 industry experts from Wealth Dynamix and Connective will discuss three common misconceptions about digital signatures in wealth management. Register here for the webinar to learn the facts and discover whether digital signatures would work for you.
31 March 2023
Wealth Dynamix picks up a third award in this year’s WealthBriefing Awards and is crowned Best CRM at the Eleventh Annual WealthBriefing European Awards 2023.
2 min. read
3 March 2023
Robert Roome has 20 years of experience in the Wealth Management (WM) and Private Banking Industries, within technology, wealth management and management consulting firms.
3 min. read
23 February 2023
Leading wealth management industry participant, Wealth Dynamix, has joined the ranks of an elite global group who have been handed the honour of winning a WealthBriefing Award.
2 min. read
At Wealth Dynamix, we believe a hybrid client servicing model offers the optimal solution – it is efficient, effective, and can support compliance.