Docupace Technologies, a Los Angeles, CA-based provider of secure and compliant electronic processing technology for financial institutions and the wealth management industry, received an investment from RCS Capital Corporation (NYSE: RCAP).
Following the transaction, RCAP will be a majority shareholder in Docupace. Michael Pinsker will remain President & CEO and he and the management team will continue to lead the day-to-day operations of the business.
The company intends to use the funds to grow its market share within the financial services industry and extend its service offerings to new industries and to other sectors within the financial industry.
Founded in 2002, Docupace provides electronic document management and workflow solutions that simplify the process of capturing, organizing, routing and accessing information for financial service providers, including some of the largest broker-dealers in the marketplace and insurance and financial institutions in the U.S.
The company’s platform connects and streamlines the process from the client and advisor, to the office of supervisory jurisdiction (OSJ), RIA or broker/dealer to their clearing firm, custodian or product sponsor by utilizing e-forms, e-signature, e-check processing, supervisory workflows, forms bundling and data validation.