âIndependent advisors now manage over $1.7 trillion in assets,â said Nien-Ling Wacker, President and CEO of Laserfiche. âThey comprise a large market of more than 10,000 small firms in an increasingly demanding regulatory and client environment. Laserficheâs enterprise solution will dramatically simplify and streamline the document management, compliance, customer relationship management, and security issues that have dogged small to mid-sized RIAs.â
As many RIAs have already embraced automation in trading and portfolio management technology, document management marks the last frontier in markedly enhancing RIA efficiency. Laserfiche is leading the way with tools that maintain the pace of business processes, share data accurately, and alert managers to action and inaction. The Laserfiche solution ensures that information is provided to the correct people at the proper times.
Within the Laserfiche suite of technology, a single system manages paper and electronic documents, reducing manual data entry time and allowing easy access to physical records, electronic documents, and email, all through one organizational structure. The security system is completely customizable, and is flexible, allowing for easy updating as the business evolves. Similarly, the product allows RIAs to simplify and reduce the cost of regulatory compliance, providing a flexible technology platform that accommodates SEC, NASD and other rule sets.
âLaserfiche was the only platform we found that was easy to understand and operate,â says JC Abusaid, COO at Halbert Hargrove Investment Counsel. âWe knew that we needed not only the document management aspects, but also the ability to customize the system to fit the way we do business.â
Aside from organizing and simplifying the ongoing document flow, Laserficheâs Enterprise solution reduces storage space and paper-handling costs. Its disaster recovery and business continuity solutions also ensure that a business will never lose critical data should the unthinkable happen.
âOur Laserfiche solution provides numerous benefits to RIAs,â added Chris Wacker, Senior Vice President of Business Development at Laserfiche. âThe bottom line is that with Laserfiche, RIAs are more efficient, see a return on investment, lower their overhead costs, and improve client service by responding to requests quicker and meeting compliance and disaster recovery requirements.â