When investing in several offshore funds, clients typically must complete separate KYC/AML procedures for each vehicle. Some structured products, such as ETNs or multi-strategy notes, pool multiple strategies under a single issuer and conduct KYC/AML at the issuer level. Once a client is onboarded with the issuer, they can allocate to different underlying exposures without repeating documentation. This approach reduces administrative friction and cost, shortens time to trade, and improves the client experience. Additionally, digital onboarding platforms can validate documents electronically and integrate with custodians to ensure compliance.