Home News Wealth Management Tech Company Docupace Acquires PreciseFP

Wealth Management Tech Company Docupace Acquires PreciseFP

Wealth Management Tech Company Docupace Acquires PreciseFP
David Knoch, CEO of Docupace

Sawtelle-based Docupace Technologies, which offers cloud-based wealth management technology, acquired PreciseFP, an Alpharetta, Ga.-based wealth data company, it announced Sept. 30.

The deal, first announced by Docupace at the Riskalyze Fearless Investing Summit near Palm Springs, will help bolster Docupace’s account opening and client onboarding capabilities, it said. Docupace declined to release the financial details of the acquisition but said it will acquire 100% of PreciseFP.

“PreciseFP has been traveling down this road for 14 years, and this represents an exciting new chapter for us to dramatically expand the extraordinary experiences we deliver to clients and the advisory firms who serve them,” Don Whalen, chief executive of PreciseFP, said in a statement.

PreciseFP’s eight employees will join Docupace, and its office in Georgia will remain open, a company representative said in an email.

The acquisition comes five months after Docupace acquired Jaccomo, a Shrewsbury, N.J.-based technology company that develops and sells systems for compliance, data integration, financial reporting and adviser compensation accounting.

“The combination of PreciseFP's award-winning capabilities with the powerful Docupace Platform is part of our broader commitment to accelerate the ability of firms and advisers to adopt the digital-first mindset their clients demand,” David Knoch, Docupace's chief executive, said in a statement.

Founded in 2002, Docupace provides solutions for automating operations in the financial advice and investment industry. The company claims its cloud-based software suite, called Docupace Platform, reduces back-office expenses, improves efficiency and strengthens recruiting.

The company works with financial services firms such as Farmington Hills, Mich.-based Maher Financial Group; Pasadena-based NettWorth Financial Group; and Phoenix-based Legend Group.

“We are leading the charge in building a truly unique ecosystem of digital tools that aligns workflow, document management, digital signature, data integration and document storage, into a single, fully integrated back-office solution,” Knoch said in a statement.