Certain documents like contracts, tax submissions, and statements of advice can be signed digitally via your wealth portal. Signing your document can be done using your computer or your mobile phone.
Digital document signing helps you to quickly and securely sign documents for your financial professional without the need for printing/signing/scanning and emailing back. You can be on holiday, at home, work or even out and about, and still be able to get forms authorised quickly and securely.
In the Uk, the eIDAS Regulation was adopted in the EU member states including the UK to replace its predecessor on July 23, 2014. The law offers businesses, citizens, and public authorities with the legal confidence to use eSignatures when carrying out transactions electronically.
Some documents may still require a handwritten signature. You will need to speak with a legal professional to verify validity.
For your security, you can only electronically sign your documents once you have logged into your secure wealth portal.
The law around digital signatures has meant a great improvement to business processes and allows you to set up important information in your wealth portal quickly and efficiently.
When your adviser sends you a document to sign, you should receive one or both of the following:
- A “do not reply” email branded with your financial professional’s logo, or directly from your financial professional
- A push notification on your mobile phone informing you that there is a new document to sign in your portal.
You will then digitally sign the document with your mobile device or computer. Your financial professional then receives notification of signature completion and can view the signed document on the secure portal.
All this is done to ensure a quicker, more streamlined and secure process to get your documents signed and returned without delays.