Capital-raising punishment: Painful process

by Silvia Saccardi 12 January 2023

Onboarding can often take months, starting from opening the new account, identifying the client’s specific needs, completing the necessary regulatory checks and verifications, qualifying leads for potential investors, to recommending financial products. A study by Kofax highlighted that it takes on average 41 days to onboard high-net-worth clients. The end-to-end process sees industry professionals tearing their hair out from inefficient spreadsheets and inconsistent documentation collection.

The utopian dream of an onboarding process as silky smooth as melted chocolate is distant for many fund managers.

Categories: AnalysisFundraising & fund structuringFund docsFund financeOutsourcingLegal & compliance advisoryRegs & ComplianceCompliance softwareRegulatory updateReporting & Transparency Reporting softwareTechnologyCompliance softwareReporting portalReporting softwareTech providers

22 February 2024

Next stop – carried interest

Liquidity event delays are having an effect on waterfall calculation models

23 February 2024

Intapp makes advancements in generative AI

The cloud-based software solution has released a generative AI-enabled package of features designed to help deal teams with automating the processing of unstructured data

22 February 2024

Comment: What you need to know about ELTIF 2.0

Karma Samdup and Vicki Odette, partners at Haynes & Boone, examine how ELTIF 2.0 aims to unlock private market access for retail investors

22 February 2024

Lantern appoints inaugural CTO

Charlie Markham joins the company as it aims to scale its tech capabilities and international expansion

21 February 2024

LISTEN: Top of the ops: Is the grass evergreener?

A conversation with Eurazeo's Luc Maruenda on setting up evergreen fund structures

21 February 2024

S&P acquires Visible Alpha

Company aims to bolster Capital IQ offering as it explores opportunities in wealth management services