FTV Capital, a private equity firm that has invested in several fintech firms, has taken a majority equity stake in Docupace, which specializes in digitizing operational workflows. Terms of the transaction were not disclosed.
Simultaneously, Los Angeles-based Docupace said that David Knoch has been appointed the firm’s chief executive. Knoch, formerly president of 1st Global, a wealth management firm with a tax orientation, led the sale of the firm to Blucora, which offers tax preparation software in addition to its wealth management business.
Docupace said the capital infusion will help the firm expand its capabilities, and support and advance its product development efforts. Its platform helps advisory firms with client and adviser onboarding, document management, standardized workflows and approval processes, and compliant data storage.
FTV Capital has invested in Apex Fund Services, Enfusion, Financial Engines, InvestCloud, Riskalyze, Strata Fund Solutions and True Potential.
Blue Anchor Capital Management and Pickett also purchased “highly aggressive and volatile” securities, according to the order.
Reshuffle provides strong indication of where the regulator's priorities now lie.
Goldman Sachs Asset Management report reveals sharpened focus on annuities.
Ahead of Father's Day, InvestmentNews speaks with Andrew Crowell.
Cerulli research finds nearly two-thirds of active retirement plan participants are unadvised, opening a potential engagement opportunity.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today’s choppy market waters, says Myles Lambert, Brighthouse Financial.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
