Renton, WA -- (SBWIRE) --05/20/2011 -- Erado, the nation's leader in archiving of electronic communications, is excited to announce today a multi-year agreement to provide social media compliance services to linkedFA, the leading social network for financial and insurance professionals to collaborate, grow business, and increase profits starting May 2011.
Erado, headquartered in Renton, WA , is a cloud based service provider offering a suite of archiving, surveillance, hosting and security services tailored for the financial services industry. Craig Brauff, CEO of Erado says, “We're delighted to be working with linkedFA and to be integrating our solutions to create enhanced compliance tools to meet and exceed industry regulations. It's a challenge to keep up with the growing community of networking platforms, and especially with the nation's largest professional social network.” Recent data from the American Century Investments survey in 2011 say that 86% of advisors own business or personal social media accounts. “Our solutions define, deploy, and defend social media policy,” says Brauff.
linkedFA CEO Jason Bishara said, “We are delighted to announce this partnership and excited to work with Erado. This is the first relationship of its kind which fully integrates a financial electronic correspondence solution with a destination website. This partnership comes at a prime time in the evolution of social media for the financial community. While the enterprise is explicit in its demands to monitor financial advisor’s (FAs) social media activity whether they are office based, on mobile devices or off premises; FAs are increasingly vocal in their requirements to leverage social media openly and freely without firm restrictions. Our relationship with Erado enables us to address the concerns of the enterprise and the FAs with an easily digestible pricing structure for both parties.”
About Erado
Erado provides a suite of hosted solutions for capture, review, and archiving of electronic communications, including email, instant messaging, and social media such as Facebook, LinkedIn, and Twitter. Founded in 1994, Erado helps organizations manage and enforce cost-effective compliance and records retention policies. For more information, see us at http://www.erado.com.
About linkedFA
Founded 2008 – linkedFA is designed as a niche-focused website for the financial industry to enable the use of social media by registered financial professionals. To date, linkedFA is the nation’s leading social media website to address the concerns of industry regulations while allowing FAs to communicate with their clients, prospective clients, and peers. See us at http://www.linkedFA.com.
Contact:
Lisa Ung
Phone: (425) 336-0480 ext. 205
Email: lung@erado.com