Document-tech firm takes aim at independent RIAs

FWR Staff

10 April 2007

Laserfiche says it simplifies compliance, enhances CRM and boosts security. Laserfiche, a Long Beach, Calif.-based document-management technology provider, is out to win business from registered investment advisors by helping them increase productivity and reduce storage costs.

E-file folders

"Independent advisors manage over $1.7 trillion in assets comprise a large market of more than 10,000 small firms in an increasingly demanding regulatory and client environment," says Laserfiche president and CEO of Nien-Ling Wacker. "Laserfiche's 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."

Laserfiche's RIA product suite is meant to simplify compliance, streamline customer-relationship management, and increase efficiency. The technology lets RIA firms reduce manual data entry time and access their records using a single platform to manage paper and electronic documents. Laserfiche customers can also rely on Laserfiche's business-continuity features for increased security.

Because many advisors have already automated their trading and portfolio management, Laserfiche is calling automated document management "the last frontier" in markedly enhanced RIA practice management.

"The 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," says Chris Wacker, Laserfiche's head of business development.

Laserfiche has been around for about 20 years. -FWR