Specialized Solutions for Financial Services
If you need a technology partner that understands the unique technology challenges of the financial services industry, then
take a look at what our specialized Financial Services Support Team has to offer.
Our clients are among the most sophisticated IT consumers and include retail and investment banks,
securities brokers, and financial advisors. Besides ensuring all critical systems are up and running 7x24, we help
keep IT systems in compliance with applicable archive and security requirements including:
SEC 17A: Brokers and Securities Dealers
SEC regulations require you to preserve documentation and email records for six years;
the first two years of which must be in an accessible location.
All records must be time-stamped with a unique and sequential identification number,
stored in a non-rewriteable/non-erasable format, organized and indexed with a duplicate copy
stored separately from the original.
Gramm-Leach-Bliley: Banks, Credit Agencies, CPAs, Insurance
Requires confidentiality and security of customer information including email correspondence.
Email retention periods parallel that of the SEC 17a-4 regulation.
Investment Advisors Act: Financial Advisors and Investment Managers
Like SEC 17a, the Investment Advisors Act requires that client-related documents
and electronic correspondence are securely archived for up to six years. For
the first two years the documents must be readily available online but may be archived
offline to tape or disk backup for the remainder.
BlueWave offers turnkey services such as document management, hard-copy scanning,
online backup, PDF generation, and email archiving to help you achieve compliance with these requirements. If you are an independent financial advisor or small advisory firm ask about our unique virtual office for financial advisors where all your portfolio management software, billing applications, email, and documents run and are stored at our secure data center for a fixed monthly fee. All you need is a laptop and you are in business.