#United States #Holmdel #Docupace #InvestEdge #Brian Filanowski

Docupace Expands Its Market Reach with InvestEdge Acquisition

In a significant move, Docupace, a leading provider of back-office and compliance software for wealth management firms, has announced the acquisition of InvestEdge, a trusted name in regulatory compliance software. This strategic acquisition is poised to elevate Docupace's capabilities as it adapts to the increasingly complex regulatory landscape facing wealth management firms today.

The acquisition comes at a time when compliance obligations are escalating alongside operational challenges, pushing financial institutions to seek more integrated and efficient technology solutions. By integrating InvestEdge's ComplianceEdge platform into its offerings, Docupace aims to deliver a comprehensive suite of compliance solutions that can address the multifaceted needs of financial institutions.

A Step Toward Innovation with New Leadership

To spearhead the combined organization into its next phase of growth, Docupace has appointed Brian Filanowski as Chief Executive Officer. With over 30 years of experience in the financial technology sector, including leadership roles at Dun & Bradstreet and Fitch Group, Filanowski is well-equipped to drive innovation and expansion.

“Joining Docupace at this exciting juncture represents a unique opportunity to leverage InvestEdge’s robust compliance solutions alongside Docupace’s cutting-edge technology,” Filanowski commented. He believes the acquisition will not only enhance their operational footprint but also enrich client relationships by offering innovative products that speak to the evolving needs of the market.

Strengthening Compliance Technology

The ComplianceEdge platform, which InvestEdge has developed, supports over 100 financial institutions, including some of the largest banks and trust companies in the U.S. It currently manages approximately 750,000 investor accounts amounting to more than $3.5 trillion in assets. The platform excels in delivering crucial compliance supervision across critical areas such as investment reviews, trade surveillance, and account monitoring.

Filanowski highlighted that this strong baseline allows for significant opportunities to integrate artificial intelligence into operations, thus optimizing compliance processes and enhancing overall operational resilience. “Our clients will benefit from maintaining their specialized compliance capabilities while gaining access to modern technology infrastructure,” he added, emphasizing the creating of a unified data fabric through collaboration between Docupace and InvestEdge.

Navigating Complex Regulatory Landscapes

As regulatory standards become increasingly stringent, firms are tasked with managing compliance across various jurisdictions and frameworks, including SEC, FINRA, and OCC regulations. The integration of Docupace’s proven expertise in operational management with InvestEdge’s specialized compliance solutions creates a formidable offering in the market.

Lori Hardwick, Chair of the Docupace Board of Directors, expressed gratitude for the outgoing CEO David Knoch’s leadership during a period of substantial growth and industry recognition. She believes Filanowski's appointment symbolizes a pivotal shift toward achieving even greater heights in operational excellence through innovation and collaboration.

Looking Ahead

As Docupace embarks on this new chapter, it remains focused on expanding its suite of technological solutions tailored specifically for wealth management enterprises. The company is backed by Genstar Capital, a private equity firm that brings financial strength and strategic vision to support continuous investment in innovation and client experience enhancements.

In line with this ambitious vision, a special webinar is scheduled for March 5, featuring the new CEO Filanowski, along with leaders from both Docupace and InvestEdge. This event aims to provide insights into the motivations behind the acquisition and the future direction of the integrated organization.

Docupace is committed to not just keeping pace with industry demands but leading the charge in providing advanced compliance and operational solutions that empower financial institutions to operate effectively in an ever-evolving regulatory environment. The combination of cutting-edge technology and deep industry expertise positions Docupace as a powerful partner for firms looking to thrive in the future of wealth management.