Announcement: Hubly Achieves SOC 2 Compliance!

Announcement: Hubly Achieves SOC 2 Compliance!

Hubly is now SOC 2 compliant, reinforcing our commitment to client security and trust!
Tim Welsh
3 min to read
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We are thrilled to announce that Hubly, the leading process management solution for financial advisors, has successfully achieved SOC 2, Type 2 compliance as of July 26, 2023. This significant milestone underscores our commitment to providing secure, future-proof solutions, and solidifies Hubly's position as a trusted partner for financial advisors.

Hubly partnered with Vanta, a leading trust management platform, to navigate the SOC 2 audit process. Going forward, we will continue to work with Vanta to monitor our compliance and security posture on an ongoing basis. Through this partnership, we will be able to meet evolving financial services industry standards for information security, and deliver peace of mind for our users. 

What Is SOC 2, and Why Is it Important?

SOC 2 compliance demonstrates Hubly's adherence to the American Institute of Certified Public Accountants (AICPA) trust services criteria, which evaluates an organization's controls related to data security, availability, processing integrity, confidentiality and privacy. 

As Hubly CEO Louis Retief put it, "Our clients place a lot of trust in us, and that’s something we take very seriously. By achieving SOC 2 compliance, Hubly reinforces its position as a leading technology partner for financial advisors, who can be sure that their clients' data is protected and their workflows are handled with care."

SOC 2 Compliance: Benefits at-a-Glance

SOC 2 certification reinforces Hubly’s commitment to several key values:

  1. Security: SOC 2 compliance requires implementing rigorous security controls to safeguard sensitive client information and financial data.
  2. Trust: SOC 2 compliance means advisors can operate with confidence, knowing their clients' data is being handled correctly.
  3. Compliance: SOC 2 compliance is recognized industry-wide and based on widely accepted security best practices.
  4. Strong partnerships: SOC 2 compliance further reinforces our commitment to the success and sustainability of our advisor, broker-dealer and network partners. 

A Step Forward for the Wealthtech Industry

SOC 2 compliance is not only a significant milestone for Hubly but also an essential step forward in bolstering the overall cybersecurity landscape within the financial advisory/fintech industries. It reflects our continuous investment in controls, processes and infrastructure to ensure the seamless delivery of our best-in-class workflow and reporting solutions. With this certification, we are excited to continue helping advisors thrive in the digital age, with confidence and peace of mind.

You can learn more about SOC 2, and our commitment to security in general, on our Security Page.

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