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.
Greg Abel's first major deal signals that Berkshire's acquisition machine is back – and housing is the opening move.
The firm's new retirement plan offering gives financial advisors direct access to workplace plan assets via self-directed brokerage accounts.
New law halts creditors from pursuing debts accumulated through fraud, force, or intimidation against vulnerable people.
As advisors focus more on after-tax outcomes, tax efficiency is evolving from a year-end exercise into a year-round investment discipline.
Zocks has inked an exclusive partnership with mega-RIA Hightower, while Jump becomes the choice AI operating system for Equitable Advisors' field force.
As $84 trillion prepares to change hands, advisors who treat estate planning as peripheral are quietly building a sieve, not a book.
In volatile markets, the advisors who win aren't the ones with the best calls - they're the ones whose clients stay the course.
