The Docupace Blog

First, what does 'Docupace Friendly' mean?

Due to the independent nature of most BDs, Advisors are generally offered multiple 'certified' solutions that have been reviewed and vetted by the Broker Dealer.  Though advisors aren't required to select one of these vendors, they generally can choose one with more confidence due to the review by the BD. These include platforms such as CRM, Portfolio Management and yes, imaging/document management.

A 'Docupace Friendly' BD, is a firm that offers Docupace to its advisors as an approved SEC/FINRA compliant imaging and document management solution.   On behalf of the Broker Dealer,  Docupace will submit letters to SEC/FINRA providing the necessary background information to ensure the BD is approved to utilize Docupace.

To date, every BD that Docupace has submitted letters on behalf of, has been approved. 

Second, why is this important?

Advisors that select Docupace can scan and store documents with confidence that is not only SEC/FINRA approved but also a solution auditors high recommend due to the feature set and ease of use.

Also with all the active movement in the industry right now the portability of Docupace is a key feature.  Many advisors have switched BDs and have asked Docupace to reach out to the new BD compliance group for certification. This is normally completed in a matter of weeks.

So not only can an advisor feel comfortable that they have a SEC/FINRA certitified solution, but they can most likely take it to ANY BD they move to.

As BDs become 'Docupace Friendly' we'll let you know.

If you are interested to know if your firm is already 'Docupace Friendly', please contact Docupace to find out at 310-445-7722.