Wealth Data Gathering Form

Data Gathering Form

Building a data gathering form is essential for wealth management firms and RIAs that need to collect, validate, and display client portfolio information efficiently. A Data Gathering Form streamlines the process of retrieving key investment details, extracting critical data from uploaded statements, and using that data to prefill client workflows for faster and more accurate onboarding or portfolio reviews.

Reasons to Build a Data Gathering Form

Comprehensive Data Collection
This workflow begins by asking the client for key identifying details and then prompts them to upload a recent portfolio statement, such as a Schwab statement, though it can work with virtually any custodian or document containing client holdings.

Automated Data Extraction
Once the statement is uploaded, Feathery’s platform extracts all relevant data, including portfolio balances and individual holdings across different investments. This information is automatically mapped and used to prefill the rest of the flow.

Real-Time Data Display
The extracted holdings are displayed within the form, giving both advisors and clients an immediate, organized view of the client’s investment landscape across multiple portfolios.

Improved Accuracy and Efficiency
By removing manual data entry, the process reduces the likelihood of errors and ensures that all client data is captured accurately for subsequent analysis or recommendations.

Flexible Use Cases
While this example highlights Schwab statements, the form can accommodate statements from any custodian or data source, making it highly versatile for different client profiles and portfolio types.

Enhanced Client Experience
Clients appreciate a secure, guided experience where they can upload statements and immediately see their portfolio data reflected within the workflow, reinforcing confidence in the advisor’s technology.

Operational Scalability
Automating the data gathering process allows firms to handle larger volumes of client accounts without adding operational overhead, supporting growth and improving turnaround times.

To sum it up, a structured Data Gathering Form is not just a convenience, it is a critical component in ensuring efficient, accurate, and client-centric wealth management. Learn more about why Feathery is the Best Platform for Client Onboarding, Account Opening, and Transitions.