{"id":38883,"date":"2020-11-26T10:17:26","date_gmt":"2020-11-26T15:17:26","guid":{"rendered":"https:\/\/qa.bluevaultpartners.com\/?p=38883"},"modified":"2021-01-26T10:24:40","modified_gmt":"2021-01-26T15:24:40","slug":"how-fas-win-by-going-all-in-with-automation-a-blue-vault-webinar-recap","status":"publish","type":"post","link":"https:\/\/qa.bluevaultpartners.com\/how-fas-win-by-going-all-in-with-automation-a-blue-vault-webinar-recap\/","title":{"rendered":"How FAs win by going all in with automation: A Blue Vault Webinar Recap"},"content":{"rendered":"

How FAs win by going all in with automation: A Blue Vault Webinar Recap<\/h1>\n

\"\"<\/p>\n

November 15, 2020<\/p>\n

\u201cWater seeks its own level,\u201d said Envision<\/a> Executive, Brian Jones. \u201cIf you\u2019re not offering a robust digital experience\u2014for advisors and investors\u2014they\u2019re going to complain and go somewhere else.\u201d<\/p>\n

Jones was speaking at a recent panel hosted by Blue Vault where he was joined by executives from CNB Custody<\/a> and Wealthforge<\/a> for a discussion of the benefits to financial advisors of automating shareholder operations associated with alternative investment products as well as the obstacles that may be preventing them from doing so.<\/p>\n

Jones told the audience that many organizations he meets with still rely on manual processes for alternative products and use tools such as spreadsheets that are not well suited for the job. He recommended investment sponsors conduct an audit of their processes to gauge how much time and money is spent on tasks that could be automated.<\/p>\n

He described a firm Envision helped with such an exercise where new account onboarding takes two hours, distributions take a full week of staff time and the quarterly statement process is a two-week undertaking. (That two-hour estimate for opening new accounts tracked with a snap poll of the audience that indicated the process takes 2-4 hours).<\/p>\n

Any evaluation of back office processes, Jones added, should also consider another cost: The business, financial and reputational risk that comes with errors. He said that with manual processing, not-in-good-order rates for alternative investment products (the audience\u2019s number one frustration, according to another snap poll question) can be as high as 40% and the mistakes can take several weeks to cure. \u201cWith automated onboarding, those NIGO rates can be brought down to single digits and with a lot less turnaround time,\u201d Jones said.<\/p>\n

Robust advisor attendance at the virtual panel, and another flash poll audience question, suggested a high degree of advisor interest in automation. Asked whether automation of alternative investment processes is a priority in the next six months, two-thirds of the attendees said \u201cyes.\u201d<\/p>\n

So, what\u2019s holding back greater adoption of automated shareholder processes? The audience poll indicated many advisors believe their customers \u201caren\u2019t comfortable with electronic signatures or processes.\u201d But Jones suggested that one beneficial upshot of the pandemic may be that advisors and their customers become more open to new ways of doing things. \u201cCOVID itself is going to cause people to make some changes to their processes,\u201d he said. \u201cFor example, who wants to run to the bank to get a medallion [signature guarantee] anymore?\u201d<\/p>\n

<\/div>","protected":false},"excerpt":{"rendered":"

\u201cWater seeks its own level,\u201d said Envision Executive, Brian Jones. \u201cIf you\u2019re not offering a robust digital experience\u2014for advisors and investors\u2014they\u2019re going to…<\/p>\n","protected":false},"author":2700,"featured_media":38825,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[2718,2742,2741],"tags":[],"class_list":["post-38883","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-envision-financial-systems","category-service-provider-news","category-service-providers"],"acf":[],"yoast_head":"\nHow FAs win by going all in with automation: A Blue Vault Webinar Recap - Blue Vault<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/qa.bluevaultpartners.com\/how-fas-win-by-going-all-in-with-automation-a-blue-vault-webinar-recap\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How FAs win by going all in with automation: A Blue Vault Webinar Recap - Blue Vault\" \/>\n<meta property=\"og:description\" content=\"\u201cWater seeks its own level,\u201d said Envision Executive, Brian Jones. \u201cIf you\u2019re not offering a robust digital experience\u2014for advisors and investors\u2014they\u2019re going to...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/qa.bluevaultpartners.com\/how-fas-win-by-going-all-in-with-automation-a-blue-vault-webinar-recap\/\" \/>\n<meta property=\"og:site_name\" content=\"Blue Vault\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-26T15:17:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-01-26T15:24:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/qa.bluevaultpartners.com\/wp-content\/uploads\/2021\/01\/home-office-2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"900\" \/>\n\t<meta property=\"og:image:height\" content=\"598\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Margaret Armour\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Margaret Armour\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/qa.bluevaultpartners.com\/how-fas-win-by-going-all-in-with-automation-a-blue-vault-webinar-recap\/\",\"url\":\"https:\/\/qa.bluevaultpartners.com\/how-fas-win-by-going-all-in-with-automation-a-blue-vault-webinar-recap\/\",\"name\":\"How FAs win by going all in with automation: A Blue Vault Webinar Recap - Blue Vault\",\"isPartOf\":{\"@id\":\"https:\/\/bluevaultpartners.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/qa.bluevaultpartners.com\/how-fas-win-by-going-all-in-with-automation-a-blue-vault-webinar-recap\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/qa.bluevaultpartners.com\/how-fas-win-by-going-all-in-with-automation-a-blue-vault-webinar-recap\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/qa.bluevaultpartners.com\/wp-content\/uploads\/2021\/01\/home-office-2.jpg\",\"datePublished\":\"2020-11-26T15:17:26+00:00\",\"dateModified\":\"2021-01-26T15:24:40+00:00\",\"author\":{\"@id\":\"https:\/\/bluevaultpartners.com\/#\/schema\/person\/058dc7893c5f92c050889c8d343c80e2\"},\"breadcrumb\":{\"@id\":\"https:\/\/qa.bluevaultpartners.com\/how-fas-win-by-going-all-in-with-automation-a-blue-vault-webinar-recap\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/qa.bluevaultpartners.com\/how-fas-win-by-going-all-in-with-automation-a-blue-vault-webinar-recap\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/qa.bluevaultpartners.com\/how-fas-win-by-going-all-in-with-automation-a-blue-vault-webinar-recap\/#primaryimage\",\"url\":\"https:\/\/qa.bluevaultpartners.com\/wp-content\/uploads\/2021\/01\/home-office-2.jpg\",\"contentUrl\":\"https:\/\/qa.bluevaultpartners.com\/wp-content\/uploads\/2021\/01\/home-office-2.jpg\",\"width\":900,\"height\":598},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/qa.bluevaultpartners.com\/how-fas-win-by-going-all-in-with-automation-a-blue-vault-webinar-recap\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/qa.bluevaultpartners.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"How FAs win by going all in with automation: A Blue Vault Webinar Recap\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/bluevaultpartners.com\/#website\",\"url\":\"https:\/\/bluevaultpartners.com\/\",\"name\":\"Blue Vault Partners\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/bluevaultpartners.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/bluevaultpartners.com\/#\/schema\/person\/058dc7893c5f92c050889c8d343c80e2\",\"name\":\"Margaret Armour\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/bluevaultpartners.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/616ff757d021f8457c1d8fabfdbfef37?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/616ff757d021f8457c1d8fabfdbfef37?s=96&d=mm&r=g\",\"caption\":\"Margaret Armour\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"How FAs win by going all in with automation: A Blue Vault Webinar Recap - Blue Vault","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/qa.bluevaultpartners.com\/how-fas-win-by-going-all-in-with-automation-a-blue-vault-webinar-recap\/","og_locale":"en_US","og_type":"article","og_title":"How FAs win by going all in with automation: A Blue Vault Webinar Recap - Blue Vault","og_description":"\u201cWater seeks its own level,\u201d said Envision Executive, Brian Jones. \u201cIf you\u2019re not offering a robust digital experience\u2014for advisors and investors\u2014they\u2019re going to...","og_url":"https:\/\/qa.bluevaultpartners.com\/how-fas-win-by-going-all-in-with-automation-a-blue-vault-webinar-recap\/","og_site_name":"Blue Vault","article_published_time":"2020-11-26T15:17:26+00:00","article_modified_time":"2021-01-26T15:24:40+00:00","og_image":[{"width":900,"height":598,"url":"https:\/\/qa.bluevaultpartners.com\/wp-content\/uploads\/2021\/01\/home-office-2.jpg","type":"image\/jpeg"}],"author":"Margaret Armour","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Margaret Armour","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/qa.bluevaultpartners.com\/how-fas-win-by-going-all-in-with-automation-a-blue-vault-webinar-recap\/","url":"https:\/\/qa.bluevaultpartners.com\/how-fas-win-by-going-all-in-with-automation-a-blue-vault-webinar-recap\/","name":"How FAs win by going all in with automation: A Blue Vault Webinar Recap - Blue Vault","isPartOf":{"@id":"https:\/\/bluevaultpartners.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/qa.bluevaultpartners.com\/how-fas-win-by-going-all-in-with-automation-a-blue-vault-webinar-recap\/#primaryimage"},"image":{"@id":"https:\/\/qa.bluevaultpartners.com\/how-fas-win-by-going-all-in-with-automation-a-blue-vault-webinar-recap\/#primaryimage"},"thumbnailUrl":"https:\/\/qa.bluevaultpartners.com\/wp-content\/uploads\/2021\/01\/home-office-2.jpg","datePublished":"2020-11-26T15:17:26+00:00","dateModified":"2021-01-26T15:24:40+00:00","author":{"@id":"https:\/\/bluevaultpartners.com\/#\/schema\/person\/058dc7893c5f92c050889c8d343c80e2"},"breadcrumb":{"@id":"https:\/\/qa.bluevaultpartners.com\/how-fas-win-by-going-all-in-with-automation-a-blue-vault-webinar-recap\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/qa.bluevaultpartners.com\/how-fas-win-by-going-all-in-with-automation-a-blue-vault-webinar-recap\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/qa.bluevaultpartners.com\/how-fas-win-by-going-all-in-with-automation-a-blue-vault-webinar-recap\/#primaryimage","url":"https:\/\/qa.bluevaultpartners.com\/wp-content\/uploads\/2021\/01\/home-office-2.jpg","contentUrl":"https:\/\/qa.bluevaultpartners.com\/wp-content\/uploads\/2021\/01\/home-office-2.jpg","width":900,"height":598},{"@type":"BreadcrumbList","@id":"https:\/\/qa.bluevaultpartners.com\/how-fas-win-by-going-all-in-with-automation-a-blue-vault-webinar-recap\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/qa.bluevaultpartners.com\/"},{"@type":"ListItem","position":2,"name":"How FAs win by going all in with automation: A Blue Vault Webinar Recap"}]},{"@type":"WebSite","@id":"https:\/\/bluevaultpartners.com\/#website","url":"https:\/\/bluevaultpartners.com\/","name":"Blue Vault Partners","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/bluevaultpartners.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/bluevaultpartners.com\/#\/schema\/person\/058dc7893c5f92c050889c8d343c80e2","name":"Margaret Armour","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/bluevaultpartners.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/616ff757d021f8457c1d8fabfdbfef37?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/616ff757d021f8457c1d8fabfdbfef37?s=96&d=mm&r=g","caption":"Margaret Armour"}}]}},"_links":{"self":[{"href":"https:\/\/qa.bluevaultpartners.com\/wp-json\/wp\/v2\/posts\/38883"}],"collection":[{"href":"https:\/\/qa.bluevaultpartners.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qa.bluevaultpartners.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qa.bluevaultpartners.com\/wp-json\/wp\/v2\/users\/2700"}],"replies":[{"embeddable":true,"href":"https:\/\/qa.bluevaultpartners.com\/wp-json\/wp\/v2\/comments?post=38883"}],"version-history":[{"count":3,"href":"https:\/\/qa.bluevaultpartners.com\/wp-json\/wp\/v2\/posts\/38883\/revisions"}],"predecessor-version":[{"id":38886,"href":"https:\/\/qa.bluevaultpartners.com\/wp-json\/wp\/v2\/posts\/38883\/revisions\/38886"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/qa.bluevaultpartners.com\/wp-json\/wp\/v2\/media\/38825"}],"wp:attachment":[{"href":"https:\/\/qa.bluevaultpartners.com\/wp-json\/wp\/v2\/media?parent=38883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qa.bluevaultpartners.com\/wp-json\/wp\/v2\/categories?post=38883"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qa.bluevaultpartners.com\/wp-json\/wp\/v2\/tags?post=38883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}