|By PR Newswire||
|April 17, 2014 02:07 PM EDT||
ATLANTA and LOS ANGELES, April 17, 2014 /PRNewswire/ -- J.P. Turner & Company, an independent brokerage and investment banking firm, has partnered with Docupace Technologies, LLC, an industry leader in providing SEC/FINRA-compliant paperless processing systems for financial services firms, to provide straight-through processing to all of its 180 independent branch offices, advisors and business units.
J.P. Turner's commitment to helping their advisors run efficient and effective businesses is reinforced with the decision to partner with Docupace Technologies to turn the firm paperless. The Docupace STP Network®, powered by ePACS®, will allow J.P. Turner to launch a web-based platform that will provide fully integrated document management and workflow, eSignatures, eForms and check processing to its nationwide network of advisors. The Docupace STP Network® meets the highest levels of compliance and security and is an approved third-party provider for SEC/FINRA books and records, supervision, disaster recovery and electronic signatures.
"Adoption of a paperless back office aligns with our goal of offering our representatives state-of-the-art technology. It will provide them, and us, the ability to track paperwork from start to finish, reduce NIGOs and simplify the entire account opening process," commented Tim McAfee, Co-Founder of J.P. Turner.
Current J.P. Turner representatives aren't the only ones that will benefit from the Docupace STP Network®. "Advisors transitioning to the firm will have access to the "Starting Point" forms solution. Starting Point is a paperless transition assistant service that will help ensure transferring client accounts to J.P. Turner is effortless and risk free. It's like flipping a switch," explained McAfee.
"Docupace is very excited to partner with J.P. Turner and leverage the efficiencies of the Docupace STP Network® for all of their advisors," says Docupace CEO, Michael Pinsker.
"The goal is to use Docupace to increase our efficiency many times over while becoming almost paperless. The platform will also provide endless ways for our advisors and business units to track status, recognize trends and quickly resolve NIGOs; ultimately giving recruits and existing reps just another reason to join and/or remain with J.P. Turner," said Adam Simon, Vice President of Operations for J.P. Turner. "Just one of the many examples of how this technology will save time and energy, is that many of the REITs currently offered at J.P. Turner will eventually be processed 100% electronically from beginning to end (including client signatures, supervision approvals and final electronic submission to the sponsor)."
About J.P. Turner
J.P. Turner & Company, LLC (Member SIPC) is an independent broker/dealer headquartered in Atlanta. Advisory and financial planning services are offered through its affiliate, J.P. Turner & Company Capital Management. Founded in 1997 by Bill Mello and Tim McAfee, the company has grown to some 180 independent branch offices throughout the United States and has been voted one of the top independent broker/dealers in the country by Investment News and Financial Planning Magazine.
About Docupace Technologies, LLC
Docupace is a privately held company based in Los Angeles. Established in 2002, the company is an industry leader in delivering SEC/FINRA compliant paperless processing systems to financial services firms. With their core offering, Docupace STP Network®, Docupace allows broker/dealers to connect systems, documents and data seamlessly for cost savings, efficiency and overall better business. Over 300 clients, including some of the largest broker/dealers in the marketplace, are using the Docupace STP Network® to streamline their business workflow, store hundreds of millions of documents and make efficient straight-through processing a reality.
SOURCE J.P. Turner & Company, LLC
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