In today's rapidly evolving investment landscape, high-net-worth individuals are increasingly seeking to diversify their portfolios with alternative investments. However, the traditional onboarding process for these asset classes has been notoriously cumbersome, paper-intensive, and time-consuming. For wealth managers and asset managers serving these clients, this administrative friction often becomes a significant barrier to portfolio diversification.

EVIDENT's platform addresses this challenge head-on with our streamlined Individual Investor Onboarding Workflow, a digital solution designed to transform how your clients access private equity, infrastructure, art, impact funds, and credit investments.

The Alternative Investment Onboarding Challenge for Individual Investors

Individual investor onboarding for alternative investments has traditionally presented several challenges:

• Multiple verification stages requiring extensive documentation
• Complex compliance and KYC requirements
• Time-consuming identity and financial verification processes
• Lengthy questionnaires to establish investment suitability
• Paper-based agreement signing and manual processing

These friction points not only frustrate high-net-worth clients but also create operational inefficiencies for wealth management firms and asset managers looking to expand their clients' alternative investment exposure.

EVIDENT's Three-Phase Individual Onboarding Solution

Our individual investor onboarding workflow follows a logical, streamlined approach organized into three key phases:

Phase 1: Account Confirmation for Individual Investors

The initial phase establishes the foundation of your client's investment journey through several straightforward steps:

• Simplified Account Creation - Clients select "individual investor" during registration, provide their email, create a secure password, and they're ready to begin.
• Integrated Declaration and Terms - Seamlessly incorporated into the registration process, eliminating additional steps.
• Quick Email Confirmation - A simple verification ensures account security.
• Streamlined Screening - Brief questions regarding US person status, politically exposed roles, and other compliance requirements establish initial eligibility.

‍

‍

Phase 2: Digital Verification Process for Investment Access

Our verification phase incorporates cutting-edge technology to simplify traditionally complex procedures:

• Identity and Residence Verification - Completed through our embedded Sumsub integration, covering proof of address, identity documentation, transaction verification, and facial recognition.
• Background and Wealth Documentation - Flexible upload capabilities for multiple file formats (docx, pdf, jpeg, png) with downloadable confirmation letter templates.
• Investment Personality Assessment - An intelligent eight-question assessment that categorizes investors according to their risk tolerance and investment objectives.

Phase 3: Account Completion and Investment Readiness

The final phase activates your client's ability to invest:

• Digital Agreement Signing - Clients access a comprehensive summary of their verification details and digitally sign all necessary agreements in one secure environment.
• Immediate Platform Access - Upon completion, clients gain immediate access to available investment opportunities suited to their verified profile.

Key Benefits of EVIDENT's Individual Onboarding for Wealth Managers

EVIDENT's individual onboarding workflow delivers several compelling advantages for wealth managers and their clients:

• Reduced Onboarding Time - What traditionally took weeks can now be completed in hours or days.
• Enhanced Client Experience - Digital-first approach aligns with the expectations of today's sophisticated investors.
• Risk-Appropriate Investment Access - The investment personality assessment ensures clients only access investments suited to their risk profile.
• Integrated Compliance - Built-in KYC processes reduce regulatory risk while simplifying documentation requirements.
• White-Label Options - The platform can be customized with your firm's branding for a seamless client experience.

Real-World Impact for Wealth Management Firms

Wealth management firms using EVIDENT's platform have reported significant improvements in their alternative investment operations:

"The streamlined verification process has transformed how we introduce alternative investments to our high-net-worth clients. What used to be a major operational hurdle is now a competitive advantage, our clients appreciate the digital efficiency, and our advisors can focus on investment strategy rather than paperwork." - Senior Wealth Advisor at a leading private bank

How to Integrate EVIDENT's Individual Onboarding into Your Wealth Management Practice

For wealth managers looking to enhance their alternative investment offerings, EVIDENT's platform offers seamless integration options:

1. Platform Demo - Schedule a personalized demonstration to see how the individual onboarding workflow functions in real-time.
2. White-Label Assessment - Our team will evaluate your current onboarding process and identify customization opportunities.
3. Integration Planning - Develop a tailored implementation strategy aligned with your firm's specific requirements.
4. Client Transition - Receive comprehensive support for migrating existing clients to the platform.

Experience the difference that digital transformation brings to alternative investing. With EVIDENT, your firm can offer clients streamlined access to alternative investments while maintaining full compliance and reducing operational overhead.

Discover opportunities here ‍