Anyone else hitting major friction getting fully onboarded with some of these newer prop firms, especially for larger capital allocations? The KYC/AML process is often a moving target, and it feels like a full-time job chasing down documentation. It's slowing down capital deployment significantly, curious if others are seeing similar drag.
Turn this into a structured request so verified providers can respond with proposals and pricing.
Convert to a structured requestDefinitely seeing that too. It seems like the younger firms, or those scaling rapidly, haven't quite ironed out their compliance workflows. It's frustrating to have capital ready but stuck in an administrative loop.
Definitely not just you. I've been seeing the same thing, especially with firms that are scaling quickly. It feels like their internal processes haven't quite caught up to their growth.
Agreed. The KYC process is definitely the bottleneck, and it varies wildly. Some firms have it streamlined, others make you wonder if they actually want your capital. It's a real time sink if you're trying to set up with more than one.