Case Study- Osaic

Osaic is one of the USA’s largest wealth management firms, helping financial professionals deliver better guidance and outcomes for their clients. Osaic empowers advisors and clients alike with technology-driven insights, personalized services, and compliance-focused operations that make financial planning transformative rather than transactional. Founded in 2016 and reimagined in 2023, Osaic continues to simplify and strengthen the way financial professionals serve their clients.

Business Need

Regulatory Risk – Without certified erasure documentation, Osaic faced challenges in validating secure data disposal and meeting requirements set by SEC and FINRA.

Replace DBAN – Osaic wanted to replace their non-certifiable tool (DBAN) with a verifiable, audit-ready erasure software that was scalable and supported all kinds of drives.

Proof of Wiping for Each Device – The company wanted tamper-proof reports & certificates of erasure for every device wiped in order to be compliant with regulatory bodies.

Solution: BitRaser helped Osaic establish a transparent and fully compliant data erasure process. With its certified erasure reports, BitRaser enabled accurate tracking and maintained a complete audit trail, allowing Osaic to meet U.S. Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) requirements with full accountability.

Benefits

Certified Data Erasure: Software could wipe all kinds of drives and devices with erasure reports maintained for each device unlike DBAN.
Audit & Compliance Readiness – Seamless generation of erasure reports helped Osaic team stay compliant and ready for audit BitRaser Cloud console gave option for auditors to verify records anytime anywhere.
Dashboard for Ease of Usage – Unified dashboard to monitor, manage, and document all data erasure activities across locations.
Operational Efficiency – Faster, error-free erasure workflows that reduced manual effort and improved data wiping process.

NOV, 2025

“BitRaser has been an excellent solution for our data erasure needs. It provides certified reports, performs far better than free tools, and offers responsive support—all while ensuring compliance with Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) requirements”

Osaic

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Client

Osaic

Business Need

Compliance with SEC and FINRA
Certificate of destruction
Ease of deployment

Challenges

Osaic needed a reliable way to securely erase data while staying compliant with SEC and FINRA regulations. Their existing tool, DBAN, didn’t offer certified proof or centralized tracking, making it difficult to verify erasures and maintain clear audit records.