IFC Advisors Adopts AdvisorVault Managed 365 for Compliance

IFC Advisors Embraces AdvisorVault 17a-4 Managed 365 Services

IFC Advisors, a reputable FINRA registered firm, has made a significant decision to adopt the AdvisorVault 17a-4 Managed 365 Service, aiming to ensure compliance with regulatory standards on the Microsoft Cloud. This shift comes in response to the challenges posed by their outdated technology and scattered data management practices.

Challenges Faced by IFC Advisors

Prior to this transition, IFC Advisors was struggling with an end-of-life server which created compliance chaos due to disorganized data. Despite already having a Microsoft subscription, they realized they needed to migrate fully to Microsoft 365 to not only consolidate their records but also streamline compliance and reduce IT expenses.

Importance of Centralization

Key to the migration was the centralization of their operations on Microsoft 365. Allan Lonz, President of AdvisorVault, stressed the necessity of this strategy by pointing out the need to migrate from an obsolete server to SharePoint, along with moving PC data to OneDrive. They also upgraded to the Microsoft Business Standard license, optimizing their cloud infrastructure.

The Migration Impact

This strategic move enabled IFC Advisors to fully harness the benefits of the cloud, with each user receiving 50 GB mailboxes on Exchange, 1 TB of storage on OneDrive, and an additional TB on SharePoint. Furthermore, Teams were integrated into their workflow, allowing for seamless archiving and compliance with rule 17a-4.

Advantages of AdvisorVault's Service

AdvisorVault’s 17a-4 Managed 365 Service provides several advantages for FINRA firms, including:

• A fully supported and archived Microsoft Cloud for a flat monthly fee.
• Enhanced cybersecurity with built-in email filtering and threat monitoring.
• The 17a-4 D3P Service, which prepares attestation letters, ensuring compliance requirements are met.

How to Learn More

For more insights on how IFC Advisors successfully utilized AdvisorVault's 17a-4 Managed 365 Service to achieve full compliance on Microsoft 365, a detailed case study is readily available.

About IFC Advisors

IFC Advisors is a boutique investment banking firm specializing in mergers and acquisitions, capital raising, and financial advisory services tailored for middle-market clients. They excel in providing strategic and financial support comparable to that of larger investment banking firms.

About AdvisorVault

AdvisorVault serves as a FINRA 17a-4 Designated Third Party (D3P), transforming how smaller firms handle compliance. They offer a comprehensive outsourcing solution for archiving and supervising electronic records, ensuring adherence to 17a-4 compliance demands specifically for broker-dealers, Registered Investment Advisors (RIAs), hedge funds, and private equity firms.

Frequently Asked Questions

What led IFC Advisors to choose AdvisorVault's service?

IFC Advisors needed a reliable solution to manage compliance and consolidate their data effectively on Microsoft 365.

What are the main benefits of AdvisorVault's 17a-4 Managed Service?

Firms benefit from a fully supported cloud system, built-in cybersecurity measures, and prepared attestation letters for compliance.

How does this migration enhance data management?

Centralized data management via Microsoft 365 streamlines workflows and simplifies compliance with regulatory requirements.

Is this service suitable for firms of all sizes?

Yes, AdvisorVault's services are specifically designed to meet the needs of smaller to mid-sized firms looking for efficient compliance solutions.

How can one learn more about the case study?

Interested parties are encouraged to consult the detailed case study regarding IFC Advisors' implementation of the service for a comprehensive overview.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

My goal with writing is to simplify difficult financial ideas into understandable, doable guidance. My goal in writing many books and articles is to make personal finance understandable to everyone, irrespective of their experience or background. I want to give readers the information they need to take charge of their financial futures, from investing and retirement planning to budgeting and saving.

Along with my writing, I lead webinars and workshops where I provide doable advice and methods for achieving financial success. To reach a larger audience, I also frequently contribute to financial blogs and publications. My method is always to offer doable, real-world guidance that can actually improve people's lives.

Aside from my job, I like to cook, travel, and experience other cultures. I work hard to apply my belief in the value of a balanced life to my financial counsel. My goal in working is to encourage and enable people to succeed financially so they may lead the best lives possible.

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