News (continued)
Docupace Announces Partnership with Advisor Group
Advisor Group and its three broker-dealers—FSC Securities, Royal Alliance and SagePoint Financial—have partnered with Docupace Technologies to offer Docupace’s web-based workflow solution to all of the firms’ 4,800 independent financial advisors—seamlessly tying together existing systems with new options for electronic processing and building efficiencies for advisors and the home office. Learn more
ePACS® launch allows for Worry-Free Straight-Through-Processing
Docupace Technologies introduces ePACS®, an innovative web-based system that is customizable and scaleable for any size office. The next generation of the proven Docupace model, ePACS is the industry’s first web-based electronic paperless app and check service that transparently combines document imaging, document and check scanning, signatures, eForms, Check21 processing, and workflow automation. This groundbreaking solution satisfies operations, compliance, and risk management. Through an online subscription-based service leveraging economies of scale, even smaller offices can benefit from Docupace’s industry-leading solutions, server capacity, storage, and the processing speed that larger firms require, all for a reasonable fee. Learn more
Alleged lack of records costs A.G. Edwards $755K in VA dispute
A.G. Edwards & Sons Inc. will pay Missouri securities cops $755,000 to settle charges that the firm sold variable annuities to elderly clients without maintaining proper documentation.
The firm, now part of Wells Fargo & Co., had been under investigation by the Missouri Securities Division after the regulator received a complaint from an 81-year-old investor in Blue Eye, Mo., on the liquidation of a variable annuity. Regulators then reviewed all variable annuity sales and exchanges made at A.G. Edwards between July 1, 2006 and June 30, 2007. Learn more