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ADVISORMAIL TAKES HOLD IN INDEPENDENT
BROKER DEALER MARKET
AdvisorMail Email and Instant Message Compliance
and Archiving
System Outpaces Competitors’ Offerings
TORRANCE, Calif., —
LiveOffice Corporation (www.liveoffice.com),
today announced that AdvisorMail (www.advisormail.net)
has become the top provider of
email and instant message compliance for the independent Broker Dealer market.
Based on a strategic planning study conducted by the company, AdvisorMail is
now in-use by 45% of the industry’s leading independent Broker Dealers.
LiveOffice reported a surge in growth during the second quarter of
this year, which it
attributes to securities regulations requiring Broker Dealers to systematically
monitor and
archive their registered representatives’ electronic communications, including
emails and
instant messages. The AdvisorMail system provides unparalleled service and support
for
Broker Dealers with multiple branch offices and thousands of registered representatives.
"Time and time again, we are told by customers that our archiving
and compliance program for independent Broker Dealers is unrivaled
in the industry," said Ann Davis, director of business development
for LiveOffice Corp. "LiveOffice is proud to now be the number
one provider of message management and compliance services to the Independent
Broker Dealer market."
How AdvisorMail Works
AdvisorMail provides all the features and functionality financial
services firms need to costeffectively meet regulatory requirements
for electronic message management. With customers ranging from leading
Broker Dealers to hundreds of Registered Investment Advisers and Hedge
Funds, AdvisorMail has quickly become one of the most in-demand message
monitoring and archiving services available today. AdvisorMail captures
any and all customer-defined messages, indexing and storing them in
a secure and highly searchable database powered by GPS technology.
Compliance and legal personnel are able to access, search and retrieve
messages via the solution’s intuitive, web-based interface, at
any time. The AdvisorMail system meets SEC Rule 17a-3, SEC Rule 17a-4,
SEC Rule 204-2, NASD Rule 3010, NASD Rule 3110, HIPAA, Gramm-Leach
Bliley Act and Sarbanes-Oxley requirements for the proper handling
of emails and instant messages.
Pricing & Availability
The AdvisorMail product suite is available now and includes AdvisorMail
for Broker Dealers,
AdvisorMail HF for hedge funds and AdvisorMail Lite for investment advisory firms
with 15
or fewer email addresses. System pricing begins at just $2,500 annually.
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About AdvisorMail
Currently in use
at a range of financial services firms, from large, enterprise-size
independent Broker Dealers to investment advisory
firms with a sole proprietor, AdvisorMail enables organizations of
all sizes to electronically monitor, archive and retrieve thousands
of emails, attachments and instant messages (IMs). Ensuring that
firms meet all SEC, NASD and NYSE requirements, AdvisorMail, AdvisorMail
Lite and AdvisorMail HF allow for the organized and fast retrieval
of these communications during audits, investigations or litigation.
The AdvisorMail suite is the only outsourced compliance product that
can accommodate most existing email addresses or configurations,
minimizing implementation disruptions
to
organizations’ daily business activities and operations.
For more information, please visit www.advisormail.net or call
800-251-3863.
About LiveOffice Corp.
LiveOffice
Corporation helps businesses nationwide kick office productivity
into overdrive with its suite of Internet-based products.
From email and instant message compliance applications to web, audio
and video conferencing, LiveOffice makes it easy for organizations
of any size to affordably equip their employees with the tools they
need to communicate better and make quicker decisions. With LiveOffice’s
products, business professionals are just a password away from the
most powerful and cost effective web-based productivity solutions
available today.
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