Docupace Launches Toolkit RIAs Designed to Remove Barriers to Growth

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Docupace, the cloud-based fintech digital operations software provider for the wealth management industry, has launched the RIA Productivity Suite. Designed in consultation with Ezra Group, Docupace developed this set of tools to optimize operations for advisory firms of all sizes, according to the company.

The solutions suite enables RIA firms to reduce operational costs, increase efficiencies and enhance the client experience, the Los Angeles-based company explained in a press release.

“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.”

Features of the Docupace RIA Productive Suite include streamlined account opening and simplified client onboarding, a “robust workflow engine with automated, rules-based data validations” and status dashboard by contact, standard CRM integrations with leading providers, including Redtail, Salesforce, Wealthbox and Practifi, embedded DocuSign solutions, among other tools.

The RIA Productivity Suite’s “out-of-the-box” capabilities and integrations were “specifically designed to remove four significant barriers that stand in the way of growth and scale for RIAs,” which Docupace identifies as client onboarding, integrated systems and data, digital client experiences, and the cost of administrative work.

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

Earlier this year, Docupace named Lori Hardwick as Chair of its Board of Directors to support its strategic growth as industry consolidation continues. Hardwick assumes the role previously held by  Managing Partner Brad Bernstein.