Docupace acquires jaccomo to solve back-office operational challenges

By Pavithra R

Docupace, the leader in cloud-based fintech digital operations software for the wealth management industry has announced expanding its back-office platform with the acquisition of jaccomo, a premier compliance, data integration, financial reporting, and advisor compensation accounting system.

Through the acquisition, Docupace will integrate jaccomo’s data-centric capabilities with its platform’s powerful automation, workflow and digital processing tools to create a centralized source for execution excellence within the wealth management industry.

“The jaccomo team and technology is a trusted partner to dozens of enterprise wealth management firms from RIAs, to banks, to broker-dealers and more. The financial services clients both our firms are honored to serve, both now and in the future, deserve technology that simplifies and automates all of their back office, not just a part of it, which is a vision that shines brightly at Docupace. By combining the proven, enterprise and flexible capabilities of the Docupace and jaccomo platforms we take a meaningful step forward in achieving that vision, creating data-rich, highly-integrated operating experiences across a wider segment of back office processing,” said David Knoch, chief executive officer at Docupace.

Established in 2002, Docupace is a leading digital operations technology provider that simplifies how wealth management firms process and digitizes data, increasing efficiency, productivity, and profits. With the secure, cloud-based Docupace Platform, the firm provides a suite of digital solutions that helps broker-dealers, RIAs, and their advisors streamline and automate client onboarding, document management, advisor transitions, Regulation BI, cybersecurity, and other critical workflows while maintaining SEC and FINRA compliance.

The firm is solving challenges in the back office for wealth management firms, large and small, by delivering a consolidated new account opening process, digital forms creation and electronically signed documents, integration with third-parties that eliminates duplicate data entry, and ensuring straight-through-processing workflows soon to be powered by artificial intelligence and robotic process automation.

“We are honored to join a long-term leader in wealth management technology. Integrating jaccomo’s compliance, data and compensation systems into the Docupace Platform will significantly expand the scale and impact our technology can have on financial advisors, their clients and their businesses,” said Bob McGill, founder and CEO of jaccomo.