Onboarding Friction for Corporate Accounts – A Head-Scratcher

Anyone else finding the KYB process for corporate trading accounts to be an absolute minefield lately? We're a small prop firm, established for years, decent AUM, and yet some of the hoops we're asked to jump through by mainstream brokers are just wild. It feels like they're actively trying to deter new business unless you're BlackRock. The amount of back-and-forth for basic info, often already on file elsewhere, is just draining resources.

It's not just the docs, it's the sheer lack of consistency from one institution to the next. You'd think there'd be some industry baseline, but it's a new adventure every time. Just curious if others are experiencing this bureaucratic marathon or if we've just got bad karma with compliance departments.