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What does an SOC 2 Type II report signify?

February 3, 2021

What does an SOC 2 Type II report signify?

Answer: An organization that has obtained a SOC 2 Type II report has shown that its system is designed to safeguard the confidential data of its customers. WealthForge‘s electronic investment processing platform, Altigo, captures and transmits sensitive investor data on a daily basis. Because protecting investor data is vitally important, WealthForge instituted a robust cybersecurity program and engaged a licensed CPA firm to review existing data security policies and controls. WealthForge’s auditors reviewed its controls around security, availability, and confidentiality and issued a SOC 2 Type II report in mid-January 2021.

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Ramón A. Rivera-Ramos
Blue Vault Nontraded REIT and Nontraded BDC Reviews
September 1, 2016

Blue Vault helps me to stay well informed on the financial status of both open and closed nontraded REITs and BDCs, so that I can help my clients better understand the product, before they make the decision to invest and after.