Innovative Integration by NDEX Systems
MONTREAL — NDEX Systems, a leader in multi-custodian data utility and wealth-management solutions, has recently unveiled a new integration that significantly enhances the advisor experience. This development introduces a sophisticated single sign-on (SSO) connection and a fully integrated client onboarding process with the Schwab Advisor Center's digital workflow, transforming how advisors interact with their technology tools.
Streamlined Advisor Experience
The latest integration project aims to eliminate the cumbersome elements of advisor workflows. By merging Schwab's unparalleled custody infrastructure with NDEX's superior data handling capabilities, wealth managers, Registered Investment Advisors (RIAs), and family offices receive a solution that promises enhanced efficiency and security in managing client information.
Integrated Single Sign-On (SSO)
With the new SSO feature, advisors can smoothly transition between the NDEX platform and Schwab with a single authentication process. This advancement not only speeds up access but also fortifies data security and streamlines daily operational tasks. Advisors are now freed from entering multiple passwords, simplifying their routine and allowing them to focus more on client relationships.
Seamless Client Onboarding Experience
The integration enhances the client onboarding process, allowing advisors to:
- Initiate Schwab account openings directly through NDEX
- Utilize NDEX’s normalized data to pre-fill information for clients and accounts
- Minimize duplication of data entries and decrease manual errors
- Speed up the process for account completion and funding
By streamlining these steps, NDEX remains dedicated to its overarching mission — to provide advisors with reliable, actionable data irrespective of custodian or asset type.
Executive Insights on Integration
Laurent Bensemana, the Founder and CEO of NDEX Systems, remarked, "Advisors are in need of speed, accuracy in data, and a seamless workflow. Our partnership with Schwab delivers just that, eliminating obstacles and redundant tasks while guaranteeing that advisors operate with a unified source of truth." Moreover, Alison Dooher, Managing Director of Wealth Services at Schwab Advisor Services, emphasized that Schwab is focused on enabling technologies that empower advisors to run more successful and scalable practices. By collaborating with NDEX, they aim to create a more efficient, secure, and advisor-centric onboarding experience.
Commitment to Advisor Empowerment
This integration is a notable advancement in the ongoing collaboration between Schwab and NDEX, underlining both companies’ dedication to innovation and operational excellence. Advisors leveraging the NDEX platform along with Schwab's custodial services can now take advantage of enhanced features, including multi-custodian normalization and reconciliation accuracy, further integrating their workflows with Customer Relationship Management systems, planning tools, and reporting platforms.
Availability Details
NDEX users with Schwab custody relationships can access this integration immediately. Current clients can activate this feature through their NDEX account manager, leading to better utilization of their resources and improved service delivery.
About NDEX Systems
For over 25 years, NDEX Systems has revolutionized financial data management within the wealth management sector. As a premier independent technology provider, NDEX has developed scalable, patented solutions that effectively aggregate, normalize, and reconcile complex financial data, enabling firms to work with precision, efficiency, and confidence. Currently, NDEX supports more than 13,000 wealth management professionals and firms across North America, managing assets totaling over $300 billion.
Frequently Asked Questions
What are the key features of the new NDEX-Schwab integration?
The integration offers an enhanced single sign-on feature and a streamlined client onboarding process, improving efficiency and security for advisors.
How does the integrated single sign-on improve advisor workflows?
It allows advisors to reduce redundant logins and enhances data security, allowing quick access to both NDEX and Schwab platforms.
Can existing NDEX users activate this integration?
Yes, existing NDEX customers with Schwab relationships can activate the integration through their account manager.
What benefits does this integration bring for client onboarding?
Advisors can initiate account openings directly, pre-fill client information, and reduce manual errors, leading to faster completion times.
How long has NDEX been in the wealth management technology sector?
NDEX has been a leader in financial data management for over 25 years, serving clients across North America.
