Erado, an electronic communication compliance and archiving firm for the financial industry, will provide social media compliance services to Investacorp Inc. and its 480 financial advisors.
Investacorp advisors will be able to use interactive social media sites such as LinkedIn, Facebook and Twitter to communicate with clients and for business development with the information stored through Erado, based in Renton, Wash.
Erado helps financial advisors comply with Finra regulations while communicating through social media, including email and instant messaging, on mobile and other devices by tracking and archiving and retrieving information.
"Erado's technology will make it substantially easier for advisors to fully utilize the power of social media to connect with both existing and potential clients, while staying in compliance with Finra requirements," says Investacorp CEO Patrick Farrell.