Docupace Acquires InvestEdge and Appoints Brian Filanowski as CEO
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Docupace, a provider of back-office and compliance software for wealth management, has acquired InvestEdge, a compliance and surveillance platform for bank trust departments, RIAs, and BDs, to expand its regulatory technology capabilities. Alongside the acquisition, the firm appointed Brian Filanowski as its new chief executive officer. Filanowski, a veteran in data and analytics with experience at Dun & Bradstreet and Fitch Group, succeeds David Knoch. The move marks a significant leadership transition for the Genstar Capital-backed company as it seeks to integrate more advanced data solutions into its platform.
The acquisition incorporates the ComplianceEdge platform into the existing suite of Docupace tools, which includes back-office automation and advisor workflows. InvestEdge currently serves over 100 financial institutions, including several of the largest banks and trust companies in the United States. This combined entity now oversees more than 750,000 investor accounts representing over $3.5 trillion in assets. The integration is designed to create a unified data fabric that supports automated supervision and surveillance across the wealth management enterprise.
This strategic expansion addresses the mounting regulatory obligations and margin pressures facing the WealthTech industry today. By combining back-office operations with specialized compliance monitoring, the platform offers advisors and integrators a more streamlined approach to managing complex workflows. The enhanced capabilities are intended to facilitate more efficient onboarding and account reviews through embedded intelligence. This consolidated approach allows wealth management firms to scale their operations while maintaining rigorous oversight in an increasingly demanding regulatory environment.
Knote: Effective compliance means automation & AI, and the more unified the platform the better. So, we are fans of this transaction. If they hook in the outside compliance consultants to remove even more from the CCO’s plate, it would be tears of joy.