Results at a Glance
Hogan French Financial Services turned to PreciseFP to help enhance operational efficiency and better position the RIA firm for expansion and growth.
INDUSTRY
Financial Advisory
LOCATION
South Jordan, UT
NUMBER OF ADVISORS
3 (expanding to 5-6)
The Challenge for Hogan French Financial Services
Hogan French Financial Services faced significant operational challenges as they prepared for expansion. The firm needed to efficiently onboard new clients and manage compliance documentation without significantly increasing administrative staff.
KEY CHALLENGES INCLUDED:
SCALABILITY
Ensuring the firm could handle a growing number of clients and advisors without a proportional administrative burden.
CLIENT EXPERIENCE
Providing a seamless and convenient experience for clients during the onboarding process.
ADMINISTRATIVE EFFICIENCY
Reducing time and effort the firm spends on client onboarding and compliance documentation.
DATA SECURITY
Addressing client concerns about the security of their personal and financial information collected online.
The PreciseFP Solution
Hogan French Financial Services implemented PreciseFP for:
Better Client Onboarding
Automated client data collection uses secure online forms, which replaces lengthy phone calls and error-prone manual data transcription.
Improved Compliance Documentation
Auto-filling features quickly and accurately process compliance documents.
Customizable Forms
Easily modified forms allow the firm to tailor client outreach and data collection to their specific needs, enhancing efficiency and accuracy.
The Results
TIME SAVINGS
Onboarding time was reduced from 30 minutes to 10-15 minutes on average.
SCALABILITY
The team was able to handle more clients and advisors without a proportional increase in administrative workload.
IMPROVED STAFF EFFICIENCY
Staff benefited from the platform's customizability, tailoring forms to their specific needs and significantly boosting efficiency.
CLIENT CONVENIENCE
Clients are now able to complete forms at their convenience, which has improved client engagement and reduced scheduling conflicts.
ENHANCED SECURITY
Clients initially had security concerns about online data collection, but after understanding PreciseFP’s robust security measures, they appreciated the flexibility and convenience.
What's Next?
PreciseFP has become an indispensable tool for Hogan French Financial Services, addressing scalability and administrative efficiency challenges to create an experience vastly improved for advisors and clients alike.
By automating data collection and compliance documentation, the firm is positioned for growth without increasing administrative burden. As the team expands, PreciseFP will continue to play a key role in their operational strategy, ensuring seamless and efficient client onboarding and compliance management
