IFS Blog

Shaun Christensen

Shaun is a Director at Impact Financial Systems with over 20 years of experience in the financial services industry.

Recent Posts

Takeaways from FolioDynamix Xchange 2017

Posted by Shaun Christensen on Oct 13, 2017 1:13:24 PM

Happy 10-year anniversary to FolioDynamix! IFS recently attended the 2017 FolioDynamix Xchange conference to celebrate the 10-year anniversary and explore several industry topics impacting the wealth management industry. Held at the Omni Amelia Island Plantation Resort in Florida, this gathering of executives, asset managers and thought leaders in the wealth management industry, including banks, brokerages and RIAs, spoke to the need to leverage asset management programs, technology and the human touch to serve clients more efficiently. The Envestnet acquisition and the future plans for FolioDynamix were major topics covered as well. For those who couldn’t make it to this year’s Xchange, we present our top takeaways and highlights from the conference.

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Wealth Management Onboarding Trends - Part 2

Posted by Shaun Christensen on Jun 12, 2017 3:04:09 PM

In our last blog post, we shared and explored the top 8 trends that are currently influencing wealth management onboarding. One of those trends is so pervasive and impactful that we felt it deserved its own blog post. That trend is the overwhelming shift towards integrated client onboarding experiences. Like we mentioned in our last post, firms have historically viewed the client onboarding process as a standalone process. But, today, firms are taking a broader, more client-centric view of the onboarding process.

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Topics: Onboarding, New Account Opening

Top 8 Trends in Wealth Management Onboarding...Right Now

Posted by Shaun Christensen on May 24, 2017 10:03:00 AM

As everyone in wealth management knows, the onboarding process is the first step towards a great client relationship. If all goes well, it builds the foundation for a long and mutually beneficial future for the client, advisor and firm. Because the onboarding process really begins with the first contact with an advisor, a negative experience could make a bad first impression, or, worse, cost you the client.

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Topics: Onboarding, New Account Opening

Take Control of Your Tax Season

Posted by Shaun Christensen on Dec 8, 2016 3:26:12 PM

“I hate tax season!”

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Process Improvement Starts with the Process, not a Form

Posted by Shaun Christensen on Nov 15, 2016 10:16:02 AM

Everyday we work with clients to improve their processes. The processes may be different – client onboarding, account maintenance or money movement – but they all have one thing in common: they are all designed to streamline the work. 

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The DOL Fiduciary Rule and Annuities

Posted by Shaun Christensen on Nov 2, 2016 10:14:29 AM

The media coverage of the Department of Labor’s fiduciary rule’s impact on annuities has been incredible. The media have covered everything from how the rule is driving annuity product innovation and prompting the migration of advisors from commission sales to fee advice business models, to the ways product distribution methods will be affected. But, there is one change that has not received a lot of attention: the way advisers will need to service existing annuity clients.

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DOL Releases FAQs on Fiduciary Rule

Posted by Shaun Christensen on Oct 27, 2016 3:39:27 PM

The Labor Department issued its first round of responses to Frequently Asked Questions about the fiduciary rule released earlier this year. The Labor Department plans on sending a total of three rounds of responses to FAQs. This first round of Q&A (34 questions and answers) are related to the best-interest contract exemption and prohibited-transaction exemption. The second round of FAQs is expected to be shared soon according to Ms. Borzi, the assistant secretary of labor at the department’s Employee Benefits Security Administration. You can view the entire FAQ document here.

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Topics: DoL

DOL Fiduciary Rule and Small Accounts

Posted by Shaun Christensen on Oct 4, 2016 1:52:37 PM

All advisor businesses have a number of small (or accommodation) accounts.  The accounts may be from an advisor’s friend or relative, the children of larger accounts, or even a legacy account from when an advisor started his or her business.

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