Docupace, a leading provider of AI-enabled back-office and compliance software for wealth management firms, announced the acquisition of InvestEdge, the trusted provider of regulatory compliance software for bank trust departments, broker-dealers and registered investment advisors (RIAs).
Wealth management firms are operating in one of the most demanding regulatory environments in the industry’s history. Compliance obligations are multiplying. Technology costs are compressing margins. And artificial intelligence is beginning to transform how firms supervise risk, rewarding those with deep, structured data and exposing the limits of fragmented point solutions. Today, Docupace takes a decisive step toward solving all three challenges at once.
The strategic acquisition of InvestEdge and the ComplianceEdge platform significantly expands Docupace’s compliance solution portfolio and strengthens the company’s position as the industry’s most experienced provider of wealth management operations and compliance technology. Docupace will now offer one of the industry’s most comprehensive technology platforms to serve financial institutions across the full spectrum of mission-critical requirements – spanning back-office automation, advisor workflows, client onboarding and enterprise-grade compliance delivered through a growing portfolio of complementary capabilities.
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“This acquisition represents the natural evolution of our platform strategy, bringing together complementary best-of-breed platforms to serve the industry’s most demanding institutions,” said David Knoch, outgoing Chief Executive Officer of Docupace. “InvestEdge’s 25 years of trusted expertise in trade surveillance and fiduciary compliance, combined with Docupace’s operational sophistication, create tremendous upside for any financial institution looking to move faster with less risk.”
SOURCE: Docupace
