Case Study: LPL Financial achieves 80% faster account onboarding with WorkFusion

LPL Financial reduces account opening processing time by 80%, enabling growth for financial advisors

LPL Financial, the leading provider to independent financial advisors in the U.S., needed to handle a high volume of account-opening documents quickly and accurately while supporting more than 19,000 advisors. Using WorkFusion’s Intelligent Automation Cloud, LPL aimed to improve efficiency, support growth, and deliver better experiences for advisors and clients.

WorkFusion automated account application processing across LPL’s operational platform, reducing overall processing time by 80%. The solution enabled 10% of documents to be processed straight-through, with the rest handled in about 20 seconds each, while also improving accuracy, speeding account openings, and saving more than $1 million in manual effort costs.

LPL Financial

Deepika Chopra

Senior Vice President Business Reinvention