News & Events Links
Recent News
IMPLEMENTATION TIME OF EMAIL ARCHIVING SOLUTION MOST IMPORTANT TO FINANCIAL PROFESSIONALS
February 1, 2006
TORRANCE, Calif. February 1, 2006 - In post-implementation surveys of existing and new clients, LiveOffice's (www.liveoffice.com)
AdvisorMail (www.advisormail.net) division found three common recommendations that financial advisors would make to fellow advisors
looking to deploy an outsourced email and instant message archiving and compliance solution. The firms surveyed, ranging from
registered investment advisors to hedge funds, indicated that if they were to recommend an email archiving solution to another firm,
they would instruct them to consider the following criteria as most important (listed in order of importance): (1) time to
deployment/implementation time, (2) no disruption to normal business activities/workflow and (3) price.
Implementation Time
Financial professionals cited AdvisorMail's short implementation time as one of the main reasons for selecting the solution. Users report implementation times of between 5 and 7 business days, with a handful of emergency cases where deployment was completed in 1 to 2 business days.
No Disruption to Normal Business Activities or Email Workflow
Those surveyed indicated that the migration of their email to the AdvisorMail system was seamless and undetected by staff and clients until they were notified by office personnel of the changes.
Price
Financial professionals ranked solution cost as the third most important item on their solution checklist. When asked why price was not the most important factor in their decision process, many financial professionals cited their suspicion over the abundance of "cheap" message archiving solutions that they believe may not provide the reliable technology infrastructure required to securely store sensitive email and instant message data. They also indicated that the inability of lower priced solutions to provide advanced search and retrieval capabilities coupled with a lack of message continuity options heavily influenced the final decision.
Hundreds of Audits Completed
In addition, many of those surveyed referenced AdvisorMail's in-depth understanding of the specific technology and regulatory requirements of the financial services industry as another important factor influencing their ultimate decision. LiveOffice estimates that since 2001, the AdvisorMail solution has helped hundreds of financial advisors, independent broker-dealers and registered representatives meet regulatory recordkeeping requirements and successfully pass hundreds of audits.
Implementation Time
Financial professionals cited AdvisorMail's short implementation time as one of the main reasons for selecting the solution. Users report implementation times of between 5 and 7 business days, with a handful of emergency cases where deployment was completed in 1 to 2 business days.
No Disruption to Normal Business Activities or Email Workflow
Those surveyed indicated that the migration of their email to the AdvisorMail system was seamless and undetected by staff and clients until they were notified by office personnel of the changes.
Price
Financial professionals ranked solution cost as the third most important item on their solution checklist. When asked why price was not the most important factor in their decision process, many financial professionals cited their suspicion over the abundance of "cheap" message archiving solutions that they believe may not provide the reliable technology infrastructure required to securely store sensitive email and instant message data. They also indicated that the inability of lower priced solutions to provide advanced search and retrieval capabilities coupled with a lack of message continuity options heavily influenced the final decision.
Hundreds of Audits Completed
In addition, many of those surveyed referenced AdvisorMail's in-depth understanding of the specific technology and regulatory requirements of the financial services industry as another important factor influencing their ultimate decision. LiveOffice estimates that since 2001, the AdvisorMail solution has helped hundreds of financial advisors, independent broker-dealers and registered representatives meet regulatory recordkeeping requirements and successfully pass hundreds of audits.
LiveOffice’s AdvisorMail provides industry-leading email archiving, instant message archiving, anti-spam, antivirus, compliance and eDiscovery solutions to
financial services firms of all sizes. These services ensure the integrity of emails and IMs, simplify the discovery process, and help companies protect
themselves against the risk and expense of lost or misplaced electronic messages. LiveOffice also helps organizations comply with statutory, regulatory
(SEC, NASD), legal and industry-specific mandates. Founded in 1998, the company serves a premier roster of clients including Fortune 500 companies, processes
and protects millions of messages each day, and has a customer retention rate of over 98%. For more information, contact 1.800.251.3863 or visit
www.advisormail.net.

Experience