FOCUS Announces SOC 2 Compliance

FOCUS, a provider of cloud-based, core administration software and services taking the risk out of insurtech for P&C insurers and managing general agencies (MGAs), is pleased to announce the company recently achieved System and Organization Controls (SOC) 2 certification. The stringent SOC 2 certification process is administered by the American Institute of Certified Public Accountants (AICPA) to assure customers of a vendor’s high standards of information security compliance. The SOC 2 Type II certification is based on the AICPA’s...

Wealthcare Acquires Sommers Financial Management

Wealthcare Advisory Partners LLC (“Wealthcare” or the “Company”), a technology-enabled full-service RIA that supports independent financial advisors and a NewSpring Holdings platform company, today announced the acquisition of Sommers Financial Management (“Sommers Financial”). This deal marks Wealthcare’s third RIA acquisition in the past six months and expands the Company’s presence in the direct advisory market. With advisors in Scappoose, OR, and Tucson, AZ, Sommers Financial was founded in 2002 and advises on more than $100 million in assets under management...

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