Fund Technology | 7/5/2017 | Emily Sakamoto
Full compliance with the fiduciary rule means overhauling data management systems to provide auditable best interest
Only six months remain until the final implementation of the Department of Labor’s fiduciary rule. Advisers scrambling to define their actions under best interest qualifications are turning to content management systems to audit their steps toward full agreement with the rule’s standards. In-house infrastructure and outsourced content management platforms are…
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.