Docupace Technologies and Financial Database Services to Integrate Cloud Technologies for Broker Dealers

Integration of Financial Database Services’ CAESAR® and Docupace’s ePACS® Straight-Through Processing Solution to Combine Front Office SEC/FINRA-Compliant Workflow with Back Office Compliance Review and Commission Processing

Strategic Relationship to Securely and Seamlessly Connect Back Office and Front Office Processes On the Cloud for Broker Dealers

LOS ANGELES--()--Broker Dealer technology provider Financial Database Services (FDS) and financial services information technology company Docupace Technologies, LLC will integrate their platforms to create a seamless SEC/FINRA-compliant cloud-based platform for both front office and back office workflow.

The integration of FDS’ CAESAR®, a broker dealer compensation, compliance and licensing platform and Docupace’s ePACS® Straight-Through Processing system will enable broker dealers to securely process both back office and front office workflow and in compliance on the cloud. The connected platforms will digitally ensure the correct forms from advisors are valid and error-free and undergo compliant and supervision oversight so that all paperwork is in good order and compensation is managed, tracked and SEC/FINRA compliant.

“Our focus at Docupace is to transform the financial services industry so that it is efficient, compliant and cyber secure,” said Michael Pinsker, CEO and founder of Docupace Technologies. “Integrating with Financial Database Services is a fundamental way to do this, because now we can fuse back office and front office technologies into a seamless, secure and compliant platform.”

“FDS’ CAESAR® platform has led the way on making compensation easy, secure and compliant with FINRA CRD licensing requirements,” said David Woltman, President, Financial Database Services. “Docupace’s ePACS® platform will provide a complete solution for broker dealers. Now they can seamlessly connect the back office with the front office.”

About Docupace Technologies

Based in Los Angeles and a subsidiary of RCS Capital Corporation (NYSE: RCAP), Docupace is a premier provider of secure and federal and state law compliant electronic processing platforms for financial institutions and the wealth management industry. The company pioneered and implemented SEC/FINRA compliant Straight-Through-Processing (STP) technology for the financial services industry. The company’s document management and workflow solutions simplify the process of capturing, organizing, routing and accessing information. Docupace was first-to-market with patent-pending technologies that serve the largest financial service providers and their advisors who, driven by increased levels competition, privacy issues, document protection and government regulation, are adopting the company’s document management and workflow solutions in order to sustain profitability and audit-risk assurance. For more information, visit docupace.com.

About Financial Database Services

Financial Database Services (FDS) is a developer and integrator of broker dealer technologies. FDS pioneered processing automation for broker dealers more than 30 years ago with its renowned CAESAR compensation and compliance platform. CAESAR is a powerful and proven compensation process management system for broker dealers. To date, CAESAR has successfully processed more than $30 billion in commissions for some of the largest independent broker dealers. FDS continues to drive innovation by advancing CAESAR’s business process management capabilities, to include FINRA U4 processing solutions, field technologies for on-demand commissions, to advance data interaction capabilities within the financial services data ecosystem. CAESAR has the capacity to serve broker dealers ranging in size from $10 to $500 million across multiple business lines; brokerage, direct, advisory and insurance. For more information visit fdbs.com.

About RCS Capital

RCS Capital Corporation (NYSE: RCAP) is a full-service investment firm expressly focused on the individual retail investor. With operating subsidiaries including retail advice services, investment banking, capital markets, investment research, investment management and, until the completion of a recently announced pending sale, wholesale distribution, RCS Capital's business is designed to capitalize, support, grow and maximize value for the investment programs it distributes and the independent advisors and clients it serves. Additional information about RCS Capital can be found on its website at www.rcscapital.com. RCS Capital may disseminate information about itself, including the results of its operations and financial information, via social media platforms such as Facebook, LinkedIn and Twitter.

Important Notice

The statements in this press release include statements regarding the intent, belief or current expectations of RCS Capital and members of its management team, as well as the assumptions on which such statements are based, and generally are identified by the use of words such as “may,” “will,” “seeks,” “anticipates,” “believes,” “estimates,” “expects,” “plans,” “intends,” “should,” “look forward” or similar expressions. Actual results may differ materially from those contemplated by such forward-looking statements due to certain factors, including RCS Capital’s ability to integrate businesses it has acquired in recent acquisitions with its previously existing businesses. Additional factors that may affect future results are contained in RCS Capital’s filings with the SEC, which are available at the SEC’s website at www.sec.gov. Further, forward-looking statements speak only as of the date they are made, and neither Docupace nor RCS Capital undertake any obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time, unless required by law.

Contacts

The Pollack PR Marketing Group
Stefan Pollack/Mark Havenner
310-556-4443
spollack@ppmgcorp.com
mhavenner@ppmgcorp.com

Release Summary

Docupace Technologies and Financial Database Services to Integrate Cloud Technologies for Broker Dealers

Contacts

The Pollack PR Marketing Group
Stefan Pollack/Mark Havenner
310-556-4443
spollack@ppmgcorp.com
mhavenner@ppmgcorp.com