NDEX Systems Enhances Advisor Workflows with Schwab Integration
MONTREAL – NDEX Systems, a leading multi-custodian data utility and wealth-management platform in North America, has announced an innovative integration aimed at simplifying advisor workflows. This new integration includes an enhanced single sign-on (SSO) connection and a fully integrated client onboarding experience with Schwab Advisor Center's digital onboarding workflow.
The cooperation between NDEX and Schwab combines Schwab's trusted custody infrastructure with NDEX's advanced data and workflow automation. This integration provides wealth managers, registered investment advisors (RIAs), and family offices with a more secure and efficient method of managing client accounts.
A Streamlined Advisor Experience
The recent NDEX–Schwab integration offers numerous improvements:
Integrated Single Sign-On (SSO)
With the new SSO feature, advisors can quickly and securely navigate between NDEX and Schwab through a unified authentication process. This means they will no longer need to log in again for each platform, which significantly enhances data security and speeds up daily tasks.
Simplified Client Onboarding
The client onboarding process has become more efficient, enabling advisors to:
- Open Schwab accounts directly via NDEX.
- Pre-fill client and account information using NDEX's normalized data.
- Minimize the need for duplicate entries, reducing manual errors and complicated coordination.
- Accelerate the time required to complete account setups and funding.
This enhancement to the overall onboarding process is in line with NDEX's mission to provide advisors with clean, compliant, and actionable data across all custodians and asset types.
"Advisors require speed, data accuracy, and simplified workflows," said Laurent Bensemana, the Founder and CEO of NDEX Systems. "Our integration with Schwab meets these needs by minimizing friction, removing redundant administrative tasks, and ensuring that advisors always have access to a single source of truth."
Alison Dooher, Managing Director of Wealth Services at Schwab Advisor Services, stated, "Schwab is dedicated to offering technology that assists advisors in operating their businesses efficiently and at scale. Our collaboration with NDEX is geared towards streamlining onboarding processes and account access, improving security, and prioritizing the needs of advisors."
Enhancing Operations for Advisors in North America
The upgraded SSO and onboarding integration strengthen the existing collaboration between Schwab and NDEX, underscoring both companies’ commitment to innovation, operational efficiency, and empowering advisors.
Advisors leveraging NDEX are now able to combine Schwab's superior custodial services with advanced data capabilities from NDEX, such as multi-custodian normalization, improved reconciliation accuracy, and seamless integration with CRM systems, planning tools, and reporting platforms.
Integration Availability
NDEX users with Schwab custody relationships can access the integration as soon as they start using NDEX. Current customers may request activation through their NDEX account manager.
About NDEX Systems
For over 25 years, NDEX has been transforming financial data management and utility for the wealth management sector. As an independent multi-custodial technology provider, NDEX offers scalable and patented solutions for aggregating, normalizing, and reconciling complex financial data. This empowerment allows firms to operate with accuracy and efficiency. Currently, NDEX supports more than 13,000 wealth managers and firms across North America, managing assets exceeding $300 billion.
For additional details about NDEX Systems, please visit their official website.
Frequently Asked Questions
What is the purpose of the NDEX and Schwab integration?
The integration aims to simplify advisor workflows by enhancing the onboarding process and implementing a single sign-on feature.
How does the integrated SSO improve user experience?
The SSO allows advisors to securely move between platforms without needing to log in each time, thus streamlining their day-to-day tasks.
What benefits does the enhanced client onboarding process provide?
It reduces manual entries, accelerates account setup, and minimizes errors, resulting in a more efficient onboarding experience.
What types of professionals does NDEX Systems support?
NDEX supports wealth managers, RIAs, and family offices, enhancing their operations through advanced technology solutions.
How can existing customers activate the new integration?
Existing customers can request activation of the integration through their NDEX account manager.
