Transforming Paperwork into Progress
In today's fast-paced financial landscape, efficiency and accuracy are crucial for advisors aiming to provide top-tier service to their clients. At The Pacific Financial Group (TPFG), we've met this challenge head-on with our innovative Guided Paperwork Solution (GPS). This digital platform is designed to streamline the traditionally cumbersome client onboarding process, significantly reducing errors and speeding up account openings.
GPS replaces manual paperwork with a seamless digital experience. Advisors and clients can complete, sign, and submit forms directly through a custom portal, eliminating the need for physical documents. The adaptive digital "interview" feature makes the process even more efficient by asking clients only the questions relevant to their specific application. This targeted approach ensures accuracy and speeds up the overall process.
Success Stories: GPS in Action
Financial advisors across the country have experienced remarkable improvements in their workflows since adopting GPS. Advisor are reducing their client onboarding times significantly. This dramatic reduction in time not only enhances client satisfaction but also allows advisors to expand their business.
Our internal reports show a substantial decrease in the rate of "Not in Good Order" (NIGO) issues. Before GPS, approximately 35% of paperwork was returned for corrections, causing delays and frustration. Post-GPS implementation, this rate dropped to approximately 10%, highlighting the platform's effectiveness in reducing errors and rework.
Features That Drive Efficiency
GPS is a game-changer for financial advisors. With a single signing package of all necessary documents, this process simplifies onboarding for both advisors and clients.
The application dashboard provides a secure, centralized view of all in-progress applications, allowing advisors to track and manage multiple client accounts efficiently.
Looking Ahead: Future Enhancements and Opportunities
We continue to innovate and expand the capabilities of GPS. Future plans include eliminating the remaining paper processes and integrating more third-party tools to enhance the platform's functionality.
Advisors can look forward to even more streamlined operations and improved client experiences as TPFG rolls out these enhancements. The commitment to innovation and excellence ensures that GPS will remain a vital tool for financial advisors seeking to optimize their workflows and grow their businesses.
If you haven't tried GPS yet, now is the time to experience the benefits for yourself. For more information visit our GPS page.
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