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When two banks merged: Program management to realize a shared-platform future

Challenge

A large self-clearing bank-affiliated broker dealer acquired another bank broker dealer on a fully disclosed clearing platform. The combined firm needed to merge technology, processes, and staff. It also need to convert from a self clearing model to a fully disclosed clearing model. The broker dealer required program structure and conversion expertise to supplement their in-house team to manage this complex transition.

How We Helped

GreenLine Consultants was retained to lead program management and provide industry-specific integration expertise across client/advisor experience, operations, and technology.

What we delivered

• Program management and governance to keep the initiative on time and budget

  • Led cross-functional workstreams and maintained RACI/decision logs

  • Documented future-state workflows and standardized operating procedures

  • Managed operational readiness and cutover planning

  • Designed change-management and advisor-communication strategy

  • Coordinated third parties and the custodian/clearing provider

• Identified Advisor Platform Solutions: integration options, technical planning, and execution oversight

• Decision enablement: created a formal forum for timely legal, risk, and compliance input

• Client-first liaison: represented advisor/client requirements between the BD and clearing provider

• Stakeholder engagement: regular steering and working sessions to align priorities and accelerate delivery

Benefits

• Enabled the technology vision by identifying integration efficiencies across client, clearing provider, and third-party systems

• Expedited delivery through collaborative BD-Clearing Provider engagement  and hands-on program leadership

• Positioned the combined firm for growth with standardized workflows, governance, and operational readiness for future scale