LONG BEACH, CA (Laserfiche) April 7, 2009—Laserfiche today released “Getting Started with Document Management Technology: A Guide for Advisors,” which takes an in depth look at technology solutions for registered investment advisors (RIAs) in this new era of capital market returns.

Findings conclude that independent investment advisors are quickly becoming the dominant form of advice delivery in the U.S., with more than $2.1 trillion in assets. However, most advisors don’t realize that digital document management can help expedite workflow; improve audit, security, and compliance requirements; save money; and even help reduce their carbon footprint.

“RIA advisory firms are seeing declines in revenue from market volatility, along with increased workloads as a result of new client engagements, and added business from disaffected clients of Wall Street firms,” said Tim Welsh, CFP®, President of Nexus Strategy, LLC and Laserfiche financial vertical consultant. “Historically these advisors haven’t invested aggressively in technology; however, today the mandate is clear that in order to stay successful, advisors need to increase their capacity through technology.”

Laserfiche is an advocate for educating advisors to embrace technology and solve their business processing needs. Laserfiche research has found that firms can achieve a 9% reduction in overhead cost through document management technology, yet recent industry studies report less than 20% have a system. To bridge this gap, this new report will provide insight and analysis on ways advisors can immediately implement technology to solve their business profitability and growth issues, including:

  • Solutions are more affordable than most advisors think due to recent enhancements in technology.
  • Advisors don’t have to be experts—they can rely on local community based solution providers to make training and implementation easy.
  • There are simple solutions for advisors who are storing documents in a non-compliant manner.
  • The longer advisors wait to begin with document management technology, the bigger the operational challenge becomes.

This new white paper provides financial advisors with the key steps they need to take to create a successful financial firm. A copy of the report is available at www.laserfiche.com/ria.

About Laserfiche
Founded in 1987, Laserfiche® creates simple and elegant document management solutions that help organizations run smarter. Today, more than 25,000 organizations—including numerous investment advisors, financial advisors, and broker-dealers—use Laserfiche premiere solutions to streamline processes for managing documents, records, and workflow. By digitizing paper archives, Laserfiche enables financial services professionals to find what they need in seconds, quickly prepare for audits and make better-informed decisions. Secure Web access allows firms to share information with remote offices, business partners and clients, while comprehensive security options ensure compliance with government- and industry-mandated standards. For more information, please go to www.laserfiche.com