Laserfiche Expands its Services to Help Break-Away Independent Financial Advisors Set Up Firms
Posted December 22nd, 2008 by adminLONG BEACH, CA (Laserfiche) Dec. 19, 2008—Laserfiche announced today that it has expanded its services and is a founding member of the Independent Advisor Technology Forum (IATF), a consortium of experienced technology providers helping newly independent financial advisors set up their businesses.
“The recent turmoil on Wall Street has impacted the financial advisor industry substantially and as many leave their firms in the wake of this year’s economic conditions they are beginning to form their own independent advisory firms,” said Laserfiche President and CEO Nien-Ling Wacker. “We will work closely with other advisors to help registered investment advisors (RIAs) address their key technological needs. IATF will provide them with document management solutions and best practices, as well as the technology tools they need for investment and financial planning services.”
In a recent survey by Schwab Institutional, a leading custodian to RIAs, 51% of advisors who recently turned independent said one of their biggest challenges was choosing technology for their new practice. IATF will facilitate interaction among independent advisors and exchange ideas on key aspects regarding software, hardware, and other technology components purchases to complete their back offices.
“For many advisors, they’ve never had to build an investment practice from the ground up and this requirement can be an obstacle for going independent,” said Laserfiche Financial Consultant Timothy D. Welsh, CFP®. “The www.iatechforum.com will be a key resource for advisors that will help them find all of the information they need in one place to make the right technology purchasing decisions and make the transition easier.”
IATF includes:
- Laserfiche—Founding member, provides document management and enterprise content management solutions and products.
- Junxure—Provides customer relationship management and office management services.
- Black Diamond Performance Reporting—Specializes in portfolio accounting and performance reporting.
- IPS AdvisorPro—Focused on investment policy statements and asset allocation.
- Laser App—A software provider that combines state of the art form filling technology with a massive library of industry-related forms.
- Nexus Strategy, LLC—Provides strategic, technology, and marketing consulting services.
To learn more about the online Independent Advisor Technology Forum, please visit the official Website.
About Laserfiche
Laserfiche® creates simple and elegant document management solutions that help organizations run smarter. Since 1987, more than 25,000 organizations—including numerous investment advisors, financial advisors and broker-dealers—have used Laserfiche solutions to streamline processes for managing documents, records and workflow. By digitizing paper archives, Laserfiche enables financial services professionals to find what they need in seconds, quickly prepare for audits and make better-informed decisions. Secure Web access allows firms to share information with remote offices, business partners and clients, while comprehensive security options ensure compliance with government- and industry-mandated standards.
Media Contact
Francine Marlenée – 00 +1 +562-988-1688 ext. 211, fmarlenee@laserfiche.com