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Onboarding for larger accounts – anyone hitting a wall?
Been looking at a few different prop firms lately, specifically for accounts above $500k. It feels like once you get past a certain threshold, the onboarding process becomes a real slog with KYC/KYB taking forever and multiple hoops to jump through. Anyone else notice this, or have any insights on which firms handle larger account onboarding more smoothly without the typical two-week wait just to get started?
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I've definitely experienced this. It seems like the compliance departments for larger accounts just have a much higher burden of proof and additional checks. Have you found any firms that seem to streamline the corporate structuring part of it, especially for LLCs?