LPL Financial Advisor Core Wealth Planning Selected AdvisorVault

Core Wealth Planning an LPL Financial advisor, selects AdvisorVault Inc. as their third party vendor to help them with remote backup and archiving of electronic records as required by SEC rule 17a-4.

“AdvisorVault made it very easy for us to implement a compliant backup and archiving solution to protect the electronic records on our PC’s and server at head office,” said Joshua Sands, compliance officer at Core Wealth Planning.

Outsourcing their remote data archiving to AdvisorVault helped Core Wealth achieve the long-term electronic records archiving demands of rule 17a-4, something that is very important for LPL Financial broker-dealers for ongoing data compliance.

“AdvisorVault is a natural fit for LPL’s broker-dealers because of our experience in backup and archiving for FINRA members,” said Allan Lonz, president, AdvisorVault. “LPL broker-dealers also found AdvisorVault attractive because of our complete solution which includes archiving files, emails and DR – three essential key elements of SEC rule 17a-4.“

LPL Financial prides itself in providing its broker-dealers with the best technology to streamline and reduce the cost of compliance. But when it comes to electronic records supervision, however, one of the best ways for broker-dealers to accomplish this is to use a service such as AdvisorVault’s Consolidated D3P Solution.

Consolidated D3P Includes:

• Data Archiving: AdvisorVault offers LPL firms a remote backup and archiving solution for data on servers, laptops, mobile devices and in the cloud. This allows them to retain office documents, scanned records and other key databases for long term 7 year retention
• Email Hosting and Archiving: LPL firms also need a method to archiving and supervise emails. AdvisorVault includes an email hosting and archiving solution with a web based supervisory interface that allows compliance officers and other key people to view, flag and download email for retention of 7 years.
• DR: It is also important to LPL that their advisors have a method to recover from a disaster, critical systems and data must be made available 48 hours following a disruption. AdvisorVault includes the ability to recover data to original systems or to an alternate location if needed, as part of FINRA’s BC planning mandate.