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.
The Wall Street giant has blasted data middlemen as digital freeloaders, but tech firms and consumer advocates are pushing back.
Research reveals a 4% year-on-year increase in expenses that one in five Americans, including one-quarter of Gen Xers, say they have not planned for.
Raymond James also lured another ex-Edward Jones advisor in South Carolina, while LPL welcomed a mother-and-son team from Edward Jones and Thrivent.
MyVest and Vestmark have also unveiled strategic partnerships aimed at helping advisors and RIAs bring personalization to more clients.
Wealth management unit sees inflows of $23 billion.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
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.
