docupace-launches-new-productivity-toolkit-for-financial-advisors-and-ria-firms

Docupace Launches New Productivity Toolkit for Financial Advisors and RIA Firms

 

Docupace, the leader in cloud-based fintech digital operations software for the wealth management industry, today announced the launch of its RIA Productivity Suite, designed to optimize operations for advisory firms of all sizes – empowering them to digitize, streamline, connect and automate operations.

“While much of the financial services industry is a ‘sea of sameness,’ the RIA universe is vast and diverse,” said Docupace CEO David Knoch. “For too long, this has resulted in an abundance of technology solutions for this market, and those available are too inflexible and too expensive. That stops now.”

Docupace, in consultation with Ezra Group, developed the RIA Productivity Suite with several “out-of-the-box” capabilities and integrations that meet the sector’s needs with simple-delivery requirements for the RIA market.

The cost-effective, innovative platform powers RIA firms to reduce operational costs, improve efficiency, attract top-tier talent, strengthen recruiting, and enhance the client experience they deliver.

An integrated toolkit, RIA Productivity Suite features include:

>     Streamlined New Account Opening and Simplified New Client Onboarding 
>     Robust Workflow Engine with Automated, Rules-based Data Validations and Work Item Status Dashboard by Contact 
>     Straight-Through Processing of All Work Items 
>     Forms Library & BundlingADV Form Management and Storage and Dynamic Processing 
>     Out-of-the-Box CRM Integrations with Redtail CRM, Salesforce, Salesforce Financial Services Cloud, Wealthbox and Practifi 
>     Digital Organizer of compliant document storage, indexing and retrieval, and more 
>     Digital Back Office Xpress which allows end-to-end pre-defined workflows that include, pre-configured Custodial form validations and bundles for Axos, Pershing Advisory Services (PAS), Charles Schwab, Pershing and Fidelity Institutional 
>     Embedded DocuSign solution and standard wet signature solution

Docupace created this set of productivity tools for advisors and RIAs with minimal implementation costs in mind; seeking to optimize an often clunky delivery model common among wealthtech firms.

Future-Proofing RIAs with Operational Scale and Efficiency

The RIA Productivity Suite is specifically designed to remove four significant barriers in the way of growth and scale for RIAs. By streamlining client onboarding through automation, integrating systems and data, digitizing the client experience and reducing the cost of administrative work the Productivity Suite is built to enable growth-minded RIAs to deliver superior advisor and client experiences at scale and lower cost.

“Advisory firms and the RIA marketplace deserve enterprise-grade tools that enable and unlock the human potential of their firms,” says Knoch. “Launching the RIA Productivity Suite fills a void in the marketplace and puts the power of the Docupace platform’s RIA tools in the hands of fast-growing, forward-looking financial advisors.”

ameritas-selects-docupace-as-mback-office-platfor

Ameritas Selects Docupace as mBack Office Platfor

 

Docupace, the leader in cloud-based fintech digital operations software for the wealth management industry, announces a new relationship with Ameritas, a Lincoln, Nebraska-based insurance, employee benefits and financial services company to digitally enhance its back office operations and deliver across-the-board efficiencies for its affiliated financial professionals.

“It’s a sensational day when two companies like Ameritas and Docupace come together to improve efficiency and expand client access to much-needed financial advice,” says David Knoch, Docupace Chief Executive Officer. “Ameritas’ mission to fulfill life aligns with ours at Docupace – to democratize the capabilities of digital financial advice.”

Scheduled for deployment in 2021, Docupace joins other game-changing technologies like Orion, which Ameritas selected as its client portal. The Docupace Platform will enhance the day-to-day operations of Ameritas financial professionals, home office staff and administrative personnel. The cloud-based platform will facilitate brokerage, advisory and direct business by integrating with key custodial partners. Docupace is forecasted to significantly reduce the administrative burden on team members and decrease NIGO rates. In addition, Ameritas will be leveraging Docupace’s proprietary Tracker technology to facilitate FORM CRS delivery and fulfill new Reg BI regulations.

Ameritas will also utilize Docupace’s Advisor Transitions Platform to automate and expedite incoming transitions for professionals joining Ameritas. This unique capability minimizes business disruptions and has the potential to shorten the transition process to as little as 30 days.

The implementation of the Docupace Platform will help save costs by eliminating duplicate processes and the reprocessing of paperwork. Ameritas field offices and OSJs (Office of Supervisory Jurisdiction) will also be granted access to the Docupace Platform.

“Docupace is helping Ameritas to provide our financial professionals with the technology to help meet the needs of their customers.,” said Kurt Shallow, Senior Vice President – Agency and Advisor Distribution and Ameritas Investment Company, LLC President. “This software allows Ameritas to streamline our internal processes while also strengthening our wealth management strategy.”