Delays in Wire Transfer Settlement and Verification

$10,000+ opportunity cost per delayed high-value transfer due to multi-day settlement • $100,000-$150,000 annually in operational labor + lost client assets due to missed trade execution windows; clients miss investment opportunities (estimated $10,000-$100,000+ in lost returns per delayed trade); client relationship churn as high-net-worth clients switch to advisors with faster execution • $100k annual from client attrition due to delays

Advisor calls back-office to request wire for client trade settlement; manual wire request entry; back-office manually verifies client identity and account information; wire delayed 24-48 hours while awaiting manual approval; advisor manually tracks wire status; phone follow-up if wire delayed • Advisor requests correspondent wire for client fund transfer; manual coordination with correspondent bank relationship manager; separate wire processing across multiple institutions; manual verification of wire receipt at correspondent banks; 24-48 hour processing window; advisor manually tracks status across institutions • Advisor requests wire for government entity client investment or fund deployment; back-office performs enhanced verification with audit documentation requirements; manual coordination with government finance officer; 3-5 day wire processing with enhanced paper trail; advisor manually tracks status and confirms with government client