Family Wealth Advisor | 3/1/2017 | Kevin Laraia
Avoiding errors and sloppiness in documents might sound a prosaic issue but the cumulative costs can hit a company’s bottom line – no small matter amid rising regulatory burdens in the wealth management industry.
In this era of ever-mounting compliance burdens, it is foolish to lose money through what can be chalked up to sloppy paperwork, inaccurate filing and record-keeping. Such matters might seem so prosaic that they don’t draw the attention they deserve. It is so much more diverting to read about the latest snazzy ideas around fintech, Artificial Intelligence or mobile technology. But basic processes add up if not managed correctly.
Docupace Technologies, LLC pioneered and implemented SEC/FINRA-compliant Straight-through Processing technology for financial services companies. Docupace’s cybersecurity and document management and workflow solutions simplify the process of capturing, organizing, routing and accessing information for broker-dealers and registered investment advisors (RIAs) that, under new government regulations, must keep thorough, secure records of documents that explain how they formulated recommendations that are in the best interests of investors. Docupace’s innovative products have been proven to significantly reduce not-in-good-order (NIGO) conditions on document processing submissions for financial services companies.
Docupace currently services over 1 billion stored documents from more than 500 Broker Dealers and RIAs. For more information, please follow @docupace.