Client engagement and data gathering platform PreciseFP, a subsidiary of wealthtech firm Docupace, announced a partnership with LPL Financial to provide access for its more than 21,000 advisors and 1,100 affiliated enterprises to tools designed to streamline and modernize client engagement.
The PreciseFP platform provides data-gathering fact finders, automated workflows, prospect management tools and a library of client engagement templates designed to free advisors’ time from manual data entry.
PreciseFP’s EVP – Product Strategy, Richard Thoeny, said, “We are thrilled to partner with LPL Financial to bring to their network of advisors the technology, solutions and data-gathering tools financial professionals need to simplify the process of collecting client data. Manual data entry does not add value to the advisor-client relationship. Our purpose is to empower financial advisors to spend more of their valuable time on what’s most important to their firm and its clients.”
The platform shares data through integrations with over 30 wealthtech providers including CRMs such as Wealthbox, Salesforce, Redtail and Advisor Engine; financial planning software such as Asset-Map, Envestnet MoneyGuidePro and eMoney; and other advisor tools including AdvicePay, Pulse360 and FP Alpha, allowing users to share data across applications.
LPL Financial EVP and Head of Wealth Management Solutions, Rob Pettman, said, “By eliminating manual data entry and digitizing the client engagement process, financial advisors and enterprises now have an easy way to implement a digital-first, high-touch experience that can elevate the client experience for long-term business growth.”
Docupace acquired PreciseFP in September 2021. It also acquired compliance and advisor compensation system jaccomo in May 2021. In June the firm hired former Nitrogen executive Leon Weiss to serve as CFO and in January onboarded former eMoney COO Mike Zebrowski as its COO.
James Miller, Contributing Editor and Research Analyst at Wealth Solutions Report, can be reached at ContributingEd@wealthsolutionsreport.com.
