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AdvisorVault Inc, a data compliance provider that focuses on servicing private security broker-dealer firms announces that it has entered into a strategic partnership with ROBOBAK
Windsor, Ontario, Canada, Dec. 14, 2010 — Today, AdvisorVault Inc, a data compliance provider that focuses on servicing private security broker-dealer firms announces that it has entered into a strategic partnership with ROBOBAK.
“This partnership strengthens AdvisorVault’s position as the premiere remote cloud backup provider dedicated solely to small securities firms”, states Allan Lonz, President of AdvisorVault. “Broker-dealers who are regulated under the SEC and are members of FINRA now have a simple and low cost option to stay compliant with new data retention laws such as 17a-3 and 17a-4, NASD rule 3510, 3010 and NYSE rule 4400″, he adds.
With over 15 years of experience in data compliance solutions for the financial industry, Allan Lonz is a veteran in the field. Recognizing that very few backup vendors understood the data compliance challenges of small broker-dealer firms, Allan created AdvisorVault – a remote backup company designed to provide his customers with a solution to ensure they would feel secure knowing that they met all current rules from FINRA & from the SEC.
“Even small and mid-sized organizations have significant data needs”, said Ben Puzzuoli of ROBOBAK. “Bandwidth issues are critical, especially when these security firms are trying to gather data from multiple sites. The bandwidth challenge requires security firms to seek advance solutions that enable maximum throughput with minimum effort. Ensuring data is properly backed up and archived from all locations is critical for them. This requires these security firms to seek providers who understand the compliance landscape so that regulators are kept happy and customer confidence is maintained”, Puzzuoli added. “We welcome Allan and the rest of the AdvisorVault team to our ROBOBAK family”.
For more information visit: http://www.advisorvault.org
For more information on ROBOBAK, please visit http://www.robobak.com or call 888-946-0165.
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Allan Lonz, President
Source: Visionworks Solutions Inc.
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