With cybersecurity becoming a top concern for investment advisors, a new strategic alliance between Entreda, a developer of integrated cybersecurity software and solutions for the retail wealth management industry, and Docupace, a digital operations platform for digitizing front- and back-office advisory work flows, should aid in securing data.

Scheduled to begin this quarter, the alliance allows Docupace clients one-step access to Entreda's cybersecurity systems. It will provide Docupace "the ability to authenticate users based on their device's cyber risk number while allowing each firm's administrators to trace the real-time cybersecurity status of user devices from the Docupace dashboard," according to the release.