Compound used Anvil Workflows, Etch E-sign, and a DocuSign integration to complete subscription agreements for investment products and streamline advisor and client onboarding.
The Company
Compound is a financial services platform that helps wealth management firms and financial advisors deliver investment products and services to their clients. The platform handles the complex documentation and compliance requirements involved in financial services, from advisor onboarding and client account opening to subscription agreements for investment products. By providing technology infrastructure for these processes, Compound allows financial firms to focus on client relationships and investment strategies rather than paperwork management.
The Problem
Financial services operate in one of the most heavily regulated and documentation-intensive industries. Multiple types of documents are required at different stages of the relationship. Advisor onboarding requires background checks, licensing verification, compliance agreements, and firm registration documents. Client onboarding involves account applications, suitability questionnaires, risk disclosures, and regulatory required forms. When clients invest in specific products, subscription agreements must be executed that outline investment terms, fee structures, and regulatory disclosures.
Managing these document workflows manually creates significant operational burden. Each document type has specific regulatory requirements for what information must be collected and how it must be presented. Documents must be generated with accurate data, routed to the correct signers, tracked through completion, and stored securely for compliance purposes. Errors or missing information can delay account opening, prevent investments from being processed, or create regulatory compliance issues.
Compound needed a solution that could handle multiple document workflows (advisor onboarding, client onboarding, and investment subscriptions) while maintaining the flexibility to integrate with existing e-signature tools and adapt to different client firm requirements.
The Solution
Compound built their document infrastructure on Anvil Workflows, integrating Etch E-sign with DocuSign to create flexible, compliant workflows for all their documentation needs.
For advisor onboarding, Workflows orchestrates the generation of all required documents, from compliance agreements to registration forms. Advisor information collected during the registration process automatically populates across all forms, eliminating manual data entry. Documents are then routed for signature through Etch E-sign, ensuring advisors can complete onboarding digitally without paper processes.
Client onboarding follows a similar workflow. When an advisor opens a new client account, Workflows generates the complete set of account opening documents with client information pre-filled. Risk disclosures, fee schedules, and regulatory forms are automatically customized based on the specific account type and investment products the client is interested in.
For investment subscription agreements, Compound leverages the integration between Anvil and DocuSign. When a client commits to an investment, the subscription agreement is generated through Anvil Workflows with all investment terms and client information properly populated. The document is then routed through DocuSign for signature collection, taking advantage of DocuSign's enterprise e-signature capabilities while benefiting from Anvil's document generation and data population features.
This integrated approach allows Compound to maintain document generation and data accuracy through Anvil while offering clients the option to use DocuSign for signature collection when preferred. All completed documents are automatically stored and organized within Compound’s platform, creating a complete audit trail for compliance purposes.
By implementing Anvil Workflows with integrated e-signature capabilities, Compound created a comprehensive document infrastructure that handles the complex requirements of financial services while maintaining the flexibility to integrate with existing tools and adapt to different client firm needs.
