Docupace, a Los Angeles, California – based provider of cloud-based digital operations software for wealth management firms, secured a growth equity investment from FTV Capital.
The amount of the deal was not disclosed.
In conjunction with the investment, David Knoch, Rob Anderson, Brad Bernstein and Adam Hallquist from FTV Capital joined the company’s board.
The company intends to use the funds to expand its product and service offerings to its broker-dealer, registered investment adviser (RIA) and insurance firm customers, as well as to the financial advisors affiliated with these businesses, extend capabilities and support, and product development.
Led by newly appointed CEO David Knoch, who is the former president of 1st Global, Docupace provides a low code development platform that delivers solutions that include client and advisor onboarding, document management, standardized workflows, approval processes, and compliant storage as an integrated platform that eliminates the need for multiple vendors. Former Docupace chief executive officer Mark Tapling will remain with the company for an interim period to ensure a smooth and seamless transition of leadership. The company’s founder, Michael Pinsker, will serve as president providing long-term continuity, institutional expertise and strategic guidance.
FinSMEs
11/05/2020