Market consolidation is rapidly reshaping the financial services landscape, and regional banks are at the forefront of this transformation. As they acquire and integrate diverse institutions, these banks face significant challenges in delivering seamless customer experiences while managing infrastructure complexities. This transformation introduces a host of infrastructure issues, highlights the impact of legacy technologies, and underscores the necessity for digital solutions that achieve scalability and cost efficiency—paving the way toward a smarter financial future. 

The Impact of Bank Acquisitions on Infrastructure 

Bank acquisitions are a cornerstone of market consolidation, designed to expand market reach and diversify service offerings. However, these mergers often result in intricate ecosystems with disparate systems. Each acquired entity brings its own technologies, processes, and data structures. Integrating these varied systems into a cohesive infrastructure is no simple task. 

For example, a regional bank acquiring a smaller community bank gains valuable customers and market share but also inherits legacy systems and platforms that may not communicate effectively with the existing infrastructure. Integrating these legacy systems can lead to fragmented data and inconsistent reporting, complicating the consolidation process. Furthermore, maintaining and upgrading outdated systems can strain resources and impede the ability to innovate. These challenges underscore the critical need for a unified, modern technology approach to streamline operations, enhance data integrity, and support scalable growth in a competitive landscape. 

Legacy Technology: A Barrier to Modern Wealth Management 

Legacy and core banking technologies often stand in stark contrast to the innovative solutions required for a modern wealth management experience. Many regional banks still rely on outdated systems that are ill-equipped to handle the demands of contemporary financial services. These legacy systems can hinder efforts to offer hyper-personalized investment solutions, limit scalability, and stifle the ability to adapt quickly to market changes. 

Legacy platforms may lack the flexibility to integrate seamlessly with advanced client and advisor experiences and dynamic financial planning tools. Without this flexibility, banks struggle to offer a comprehensive view of a client’s financial situation or deliver personalized investment advice in real-time.

This puts them at a disadvantage compared to more nimble RIAs or wirehouses who are leveraging cutting-edge technology to meet evolving customer needs and enhance advisor productivity. 

The Critical Role of Digital Solutions in Driving Scalability and Efficiency 

To remain competitive in a digital-first world, regional banks must evolve beyond traditional models that rely on physical branches and manual processes. Digital solutions offer a path to scalability and operational efficiency, automating routine tasks and providing a flexible platform that can grow alongside the bank.  

For instance, digital onboarding processes can streamline account creation and reduce operational costs, while actionable insights can drive strategic decision-making. Embracing digital transformation is not just about keeping up with competitors; it’s about setting a foundation for long-term success and resilience in a rapidly changing market. 

Leveraging Technology Blueprints from National Banks 

Regional banks can find valuable guidance in the technology blueprints of national banks that have successfully navigated digital transformation. National banks often have the resources to invest in sophisticated technologies and can serve as models for regional institutions looking to modernize their operations. By analyzing and adapting these blueprints, regional banks can implement best practices and technological solutions that align with their unique needs and constraints. 

A regional bank might adopt a modular technology approach that allows for incremental upgrades and integrations, minimizing disruption while modernizing their infrastructure. Additionally, partnerships with fintech firms can provide access to advanced tools and platforms that enhance customer experiences and operational efficiency. 

Conclusion 

As the pace of consolidation accelerates, regional banks face the dual challenge of managing complex infrastructure and modernizing legacy systems. By embracing digital solutions and leveraging insights from national banks, these institutions can navigate the complexities of consolidation, enhance their service offerings, and achieve greater scalability and efficiency. The path forward requires a commitment to technological innovation and a strategic approach to integrating and evolving in a rapidly changing ecosystem. 

Navigating these challenges may seem daunting, but with the right strategies and partners, such as InvestCloud, regional banks transform obstacles into opportunities for growth. InvestCloud’s commitment to enabling a smarter financial future and it’s Wealth Connected approach ensures that institutions are empowered to meet the demands of the modern market, driving innovation, integration, and long-term success.

InvestCloud’s fully integrated platform set to significantly boost advisor efficiency, enable growth and scale for New Zealand’s premier advisory and asset management firm, enhancing client engagement at every stage of the investment lifecycle

  

London, October 17, 2024 – InvestCloud, a global leader in wealth technology, announced today that FirstCape, the leading wealth advice and asset management firm in New Zealand, has selected InvestCloud to transform the wealth management experience FirstCape delivers for advisors and their clients. A comprehensive multi-phased digital transformation journey, this technology forward initiative is geared to redefine how FirstCape delivers financial services, focusing on boosting advisor efficiency and offering a single platform for client engagement, experience, and compliant advice at scale.

FirstCape was formed earlier this year through the consolidation of JBWere NZ, Jarden Wealth, Harbour Asset Management, and BNZ Investment Services to create the premier wealth management advisory and asset management firm serving clients in New Zealand. The new firm, which now boasts more than 120 advisors and over NZ$50bn in assets under management and advice, has embarked on a digital transformation to reimagine its client and advisor experience throughout the entire investment lifecycle.

The first phase of FirstCape’s digital transformation was the implementation of InvestCloud’s Portfolio Manager and Order Capture solutions for Jarden Wealth. These key components establish the foundation for an enhanced, fully-integrated platform that empowers advisors, and also improves the client and advisor experience. With Portfolio Manager, Financial Advisors are  able to monitor and manage client portfolios with deeper insights, allowing for tailored investment proposals. By streamlining the process, advisors can deliver more accurate and compliant advice at scale, all while maintaining a personalized approach for each client. Order Capture offers a seamless interface for trading across various asset classes. Boosting operational efficiency, Order Capture allows advisors to act faster and focus more on client needs, resulting in a more dynamic, responsive wealth management experience.

“We are thrilled to see the tangible success of our partnership with FirstCape as they embark on this modular digital transformation,” said Christine Mar Ciriani, President of Digital Wealth International at InvestCloud. “By leveraging our full suite of innovative front-office solutions, we are helping FirstCape create a robust digital backbone that will drive their growth, streamline advisor efficiency, and elevate client experiences. We are committed to supporting FirstCape’s journey as they are the leading wealth management firm in New Zealand.”

FirstCape’s transformation prioritizes advisor efficiency. Future phases of the transformation will introduce enhanced Client & Advisor Experiences and Client Lifecycle Management (CLM) & Onboarding solutions, offering a fully integrated, scalable platform that will strengthen client engagement.

“We formed FirstCape with a stated intention of enhancing our client offering,” said Malcolm Jackson, CEO of FirstCape. “Integrating InvestCloud’s tools that streamline portfolio management and order execution is part of delivering on that promise. We continue to be focused on providing a complete suite of services tailored to every client’s unique needs at whatever stage of their investment life cycle.”

This digital transformation will position FirstCape at the forefront of the wealth management industry in New Zealand.

 

About Investcloud

InvestCloud, a global leader in wealth technology, aspires to enable a smarter financial future. Driving the digital transformation of the wealth management industry, the company serves a broad array of clients globally, including Wealth and Asset Managers, Wirehouses, Banks, RIAs, and Insurers. In terms of scale, the company’s clients represent more than 40 percent of the $132 trillion of total assets globally. As a leader in delivering personalization and scale across advisory programs, including unified managed accounts (UMA) and separately managed accounts (SMA), the company is committed to the success of its clients. By equipping and enabling advisors and their clients with connected technology, enhanced intelligence, and inspired experiences, InvestCloud delivers leading digital wealth management and financial planning solutions, complemented by a dynamic data warehouse, which scale across the complete wealth continuum. In 2024, InvestCloud was named a CNBC World’s Top Fintech Company, a proof point of the company’s commitment to innovation and client success. Headquartered in the United States, InvestCloud serves clients around the world.

InvestCloud.com | LinkedIn

 

About FirstCape

FirstCape is a group of leading wealth management and asset management companies. Its mission is to help its clients achieve their financial goals and aspirations by growing and protecting their wealth.

The companies that make up the FirstCape Group are JBWere New Zealand, Jarden Wealth, Harbour Asset Management and BNZ Investment Services Limited (the issuer and manager of all wealth products distributed by BNZ including the BNZ KiwiSaver Scheme).

Together its constituent businesses are responsible for more than NZ$50bn in funds under management and advice. It has 14 offices located across New Zealand and more than 120 financial advisers.

 

InvestCloud Media Inquiries  
InvestCloudCommunications@fticonsulting.com  

New strategic direction and distinctive brand mark signifies a new day in Wealth Technology, reflecting leadership position and market opportunity

Global WealthTech leader combines assets in new ways, uniquely positioning it to create unmatched value for clients and advisors

Company introduces new brand identity to underscore focus on innovation and hyper-personalization

  

Los Angeles (October 01, 2024) – InvestCloud, a global leader in wealth technology, today announced a new strategic direction that uniquely positions the company to enable clients and advisors to drive differentiated financial outcomes for customers. The updated strategy is reflected in the company’s new brand identity and further accentuated in its tagline, Wealth Connected.

Expectations for hyper-personalization are fueling the digital transformation of wealth management. Structured and accessible data, the creation of unique insights, and the delivery of actionable intelligence for wealth management professionals and clients are essential to meeting that demand. In addition, as the more than $80 trillion multi-generational transfer of wealth accelerates, the need for new asset types is increasing. This should provide additional opportunities, along with incremental technology needs for all market participants, requiring a deeper level of connectivity that had not previously existed.

“We are combining the assets of the company to uniquely position InvestCloud to create differentiated value for our clients, to meet the evolving needs of their customers, and to help them embrace new opportunities,” said Jeff Yabuki, Chairman and CEO of InvestCloud. “Structural changes in the market, such as the broader distribution and democratization of alternative investments, are mandating stronger technology integration and enhanced intelligence to help deliver highly personalized and inspired experiences.”

Later this year, InvestCloud will go-live with the first phase of including alternative investments within its industry-leading managed account platform. Advisors will be able to use the InvestCloud platform to manage this new asset type on behalf of their clients in a discretionary account structure.

Technology Forward

Product innovation and differentiation, deeper client relationships, and operational excellence are core pillars of the company’s new strategy. InvestCloud serves a broad range of clients, including Wealth and Asset Managers, Wirehouses, Banks, RIAs, and Insurers. In terms of scale, InvestCloud supports institutions which represent more than 40 percent of the $132 trillion of total assets globally. The company will use its unique array of technology capabilities to accelerate new and inspired experiences for the industry, including the access and management of alternative assets through the wealth channel.

Yabuki said, “We believe the changes in the wealth landscape to increase access to alternative assets will require technology providers to deliver more integrated capabilities. As alts become an increasing enabler of more diversified portfolios, InvestCloud is uniquely positioned to deliver at scale through best-in-market platforms, advisor tools, and applied intelligence.

InvestCloud continues to push the boundaries of innovation and intelligence with its robust product suite, which includes APL with its portfolio management, trade execution, accounting and performance measurement capabilities. The company’s digital wealth solutions are complemented by a dynamic data warehouse, that enables holistic wealth views, deeper relationships and greater personalization of activities such as customer onboarding, prospecting, reporting and proposal management.

“Business executives and IT leaders at wealth management firms recognize the industry is approaching an inflection point,” said Chuck Thomas, Senior Director Analyst, Gartner®. “Their clients expect delivery of increasingly personalized products and services, as well as access to information and insights essentially on demand. Meanwhile, advisors are burdened with inefficient workflows, as well as routine and mundane tasks. This has led to inconsistent quality, limited increases in advisor productivity and delayed innovation.”¹

The technologies provided by InvestCloud enable financial institutions and their advisors to elevate client service, while adding efficiencies to the front, middle and back office.

New Brand Identity Signals a New Day in Wealth Technology

The new InvestCloud brand identity system signals a new era of innovation, integration and intelligence for InvestCloud and reflects its human-centered approach to experience design and client service which are fundamental to the evolution of the company’s culture. The refreshed and distinctive brand mark conveys energy through its vibrant signature color, New Day Red, to signify a new day in WealthTech. It also reflects the unmatched leadership position of the company, the deep commitment of a leadership team comprised of financial technology industry veterans, and the unique market opportunity that lies ahead.

The company’s new tagline “Wealth Connected” is a nod to the next generation of connected innovation, integration and intelligence from InvestCloud that will drive client experience, advisor efficiency, and to further enable organic growth for its clients.

The rebranding process included extensive stakeholder engagement and a thorough market and brand audit, ensuring that the new identity accurately reflects the values and aspiration of the company and those it serves.

“Our new brand identity reflects the evolution of the company in a time where technology is expected to help redefine the industry and sets the stage for an even more exciting tomorrow,” said Yabuki. “The new InvestCloud brand mark and bold color, along with other elements of the identity, are emblematic of both our new strategic direction, and our renewed commitment to client excellence, integration and innovation.”

About InvestCloud

InvestCloud, a global leader in wealth technology, aspires to enable a smarter financial future. Driving the digital transformation of the wealth management industry, the company serves a broad array of clients globally, including Wealth and Asset Managers, Wirehouses, Banks, RIAs, and Insurers. In terms of scale, the company’s clients represent more than 40 percent of the $132 trillion of total assets globally. As a leader in delivering personalization and scale across advisory programs, including unified managed accounts (UMA) and separately managed accounts (SMA), the company is committed to the success of its clients. By equipping and enabling advisors and their clients with connected technology, enhanced intelligence, and inspired experiences, InvestCloud delivers leading digital wealth management and financial planning solutions, complemented by a dynamic data warehouse, which scale across the complete wealth continuum. In 2024, InvestCloud was named a CNBC World’s Top Fintech Company, a proof point of the company’s commitment to innovation and client success. Headquartered in the United States, InvestCloud serves clients around the world.

InvestCloud.com | LinkedIn

Media Inquiries:
InvestCloud Communications
Email: Britt.Zarling@MotivePartners.com

¹Gartner, Product Leader Guide to Wealth Management All-in-One Advisor Desktop, By Chuck Thomas, 25 September 2023.
GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.

September 09, 2024

In our first installment “The Future of Fee Billing” series, we highlighted the transformative impact of automation on billing processes, particularly through InvestCloud’s Advantage Fee. This next part takes a deep dive into how eliminating manual inefficiencies enhances accuracy, frees up resources, and allows firms to concentrate on strategic growth initiatives by achieving higher rate of return.

Billing in many financial firms remains a labor-intensive process, fraught with potential for error. Traditional systems often involve manual calculations, data double-checking, and tedious reconciliations, all of which consume valuable time and resources. With the increasing complexity of fee structure, multi-currency transactions, and stringent compliance requirements, manual processes can no longer meet the demands of the modern financial landscape. The result? Delayed invoicing, billing discrepancies, and strained client relationships which all directly impact the operational costs.

InvestCloud’s Advantage Fee changes the game by automating even the most intricate tasks. It handles complex fee calculations–like performance fees and multi-currency structures-with precision, ensuring accuracy and consistency across all transactions. This automation not only reduces the risk of errors but also minimizes the need for manual intervention, enabling firms to scale their operations with confidence.

One of the most significant benefits of automation is the streamlining of operations. Advantage Fee reduces the time spent on billing processes by eliminating redundant steps and automating workflows. This speeds up the revenue cycle and improves the overall efficiency of financial operations. As your firm grows, the platform’s scalability ensures that billing remains seamless and efficient and helps reduce operational costs and thereby increases the overall alpha (rate of return) for the business.

Automation also enhances transparency in billing operations. Customizable dashboards offer real-time insights into account status, trading events, and fee calculations, ensuring that all stakeholders have the information they need. This transparency fosters trust and confidence in the billing process. Additionally, by automating compliance checks and generating detailed reports, Advantage Fee helps firms stay ahead of regulatory requirements, reducing the risk of non-compliance.

By eliminating manual inefficiencies, firms can reallocate resources to more strategic initiatives. The time and effort saved through automation can be invested in activities that drive growth and innovation. This shift from operational tasks to strategic planning positions firms to better respond to market changes and capitalize on new opportunities.

In our next installment, we’ll explore how automation of billing processes through InvestCloud’s Advantage Fee impacts client relationships. We’ll delve into how increased accuracy, transparency, and efficiency not only enhances client satisfaction but also strengthens long-term partnerships.

Client Lifecycle Management from InvestCloud modernises the client service experience through digital capabilities that improve operational efficiency and enable holistic client engagement

  

London (August 07, 2024) – InvestCloud, a global wealth and asset management solutions provider, successfully launched its Client Lifecycle Management (“CLM”) platform in partnership with Rathbones Group Plc (“Rathbones”), a leading UK wealth manager. By leveraging InvestCloud’s single modular solution, Rathbones benefits from differentiated digital capabilities that will enhance the Group’s client onboarding and servicing experience.

Supporting Rathbones’ business today, as well as its upcoming integration of Investec Wealth and Investment (UK), InvestCloud provides a scalable and secure platform featuring centralised lead and prospect management, onboarding and servicing capabilities. Through this partnership, InvestCloud will enable Rathbones to support its growth ambition, improve the quality of its data and create greater operational efficiency, giving Rathbones’ teams more time to focus on client-facing activities.

“We are proud to partner with one of the UK’s leading wealth managers to deliver a holistic client lifecycle engagement platform which will enable Rathbones to focus on what matters most – serving their clients,” said Christine Mar Ciriani, Head of International, Digital Wealth at InvestCloud. “Through our multi-phased partnership with Rathbones, we look forward to delivering additional capabilities that will further enhance their client experience.”

“The launch of the InvestCloud platform is an important step in our journey of enhancing our digital capabilities across the group, and we look forward to benefitting from its future development and roadmap,” said Andy Brodie, Group Chief Operating Officer of Rathbones. “A key component of our overall digital provision to colleagues and supporting clients, our partnership with InvestCloud will enable us to continue to enhance the way we manage client relationships and deliver superior client service into the future.”

 

About InvestCloud

InvestCloud is the global software leader in digital transformation for the wealth management industry and the US leader for personalization and scale across advisory programs, including unified managed accounts (UMA) and separately managed accounts (SMA). InvestCloud supports over $6 trillion of assets with over 550 direct clients, including banks and wealth managers, private banks, and asset managers. InvestCloud’s scalable, modular technology platform provides best-in-class digital experiences throughout the complete wealth continuum.

Across both Digital Wealth and APL, InvestCloud helps wealth management professionals and companies expand their capabilities and deliver advanced services to their clients. The company offers digital client and advisor experiences and tools that enable the development of front-office wealth management solutions, and UMA/SMA portfolio management, trade execution, accounting, model management, and performance investment solutions for the wealth and asset management industry.

In 2024, InvestCloud was named a CNBC World’s Top Fintech Company, a proof point of the company’s commitment to innovation and client success. Headquartered in the United States, InvestCloud has offices worldwide, including Canada, United Kingdom, Switzerland, Italy, Singapore, Japan, and Australia. Visit InvestCloud.com and follow on social media for more information.

 

About Rathbones Group Plc  

Rathbones Group Plc (Rathbones), through its subsidiaries, is one of the UK’s leading providers of investment management services for individuals, charities and professional advisers. This includes discretionary investment management, unit trusts, tax planning, trust and company management, financial planning and banking services. Rathbones manages £108.9 billion billion of assets (as of 30 June 2024). Rathbones has over 3,500 people in 23 UK locations and the Channel Islands.

 

InvestCloud Media Inquiries  

InvestCloudCommunications@fticonsulting.com  

August 05, 2024

In the ever-evolving landscape of financial services, operational efficiency and precision are critical. Billing, a key touchpoint in client relationships, often becomes a bottleneck due to its complexity. Intricate fee calculations, compliance challenges, and scalability issues plague firms, leading to inefficiencies and diverting resources from strategic initiatives. Enter InvestCloud’s Advantage Fee – a solution designed to transform the billing process, driving growth and innovation. 

 

• Eliminates Manual Inefficiencies: Automates complex billing processes, reducing errors and freeing up valuable resources. 

• Streamlines Complex Calculations: Handles multi-currency and performance fees effortlessly, ensuring accuracy and efficiency. 

• Ensures Compliance: Automated processes adhere to regulatory requirements, safeguarding client trust and minimizing risk. 

• Supports Scalable Growth: High throughput scalability accommodates growth and optimizes operational efficiency. 

 

Traditional billing systems, often reliant on manual processes, are fraught with inefficiencies. Complex fee structures, multi-currency transactions, multi hierarchy accounts and evolving compliance requirements create a labyrinth of challenges. Firms grapple with over-invoicing or under-billing eroding client trust and profitability. Manual handling of these processes not only increases the risk of errors but also drains valuable resources that could be better utilized elsewhere. The need for a streamlined, automated solution has never been more urgent. Firms aiming to stay competitive and efficient must embrace automation to transform their billing operations. 

InvestCloud’s Advantage-Fee addresses these pain points, offering a comprehensive solution that automates fee calculations, streamlines the entire billing cycle, and integrates seamlessly with existing systems. The core strength of Advantage Fee lies in its ability to automate and optimize billing operations, ensuring quick and accurate client billing. This not only accelerates the revenue cycle but also reduces days outstanding for accounts receivable, significantly boosting financial health and stability. The system’s high throughput scalability supports accounts and volume growth strategies, ensuring increased straight-through processing (STP) rates. 

Leveraging advanced billing algorithms, Advantage Fee handles intricate fee structures including complex performance fees effortlessly. This automation reduces the burden of manual calculations on your team, freeing them to concentrate on strategic, value-added activities. The multi-faceted core billing engine supports multi-currency, multi-hierarchy, and multi-entity structures, providing a comprehensive range of fee calculation algorithms tailored for wealth and institutional asset management firms. Ensuring precise fee calculations with automated processes reduces the likelihood of costly mistakes and maintains client trust. Direct connectivity to advisor desktops and workflow tools de-risks the investor request process, providing straight-through processing from request through order execution. This not only enhances operational integrity but also fosters client confidence in billing accuracy and transparency. 

By streamlining the entire billing process from fee calculation to client invoicing, Advantage Fee removes inefficiencies and manual errors. Customizable dashboards surface account alerts and trading events, automating and streamlining multi-step workflows. This eliminates the need for manual reports and increases transparency in fee computations through a persona-based intuitive UI with exception management capabilities. Capturing all information used in decision-making for accounts, trades, and model versioning supports both internal and external compliance and research needs. Detailed, transparent reports facilitate easier audit and compliance verification, enhancing operational integrity. With the capability to execute faster billing cycles globally, Advantage Fee-Billing can be deployed in a “Follow-the-sun” model, increasing responsiveness and reducing delays. 

As the financial services industry continues to evolve, the importance of adopting innovative solutions like Advantage Fee cannot be overstated. Automation is the key to navigating the complexities of modern billing operations, ensuring compliance, and maintaining client trust. By freeing up resources and reducing operational costs, firms can focus on strategic growth initiatives, driving innovation and profitability. 

In our next blog, we will dive deeper into how Advantage Fee eliminates manual inefficiencies, providing a closer look at its impact on streamlining operations and enhancing accuracy. 

Advisor Experience from InvestCloud transforms the RIA experience through uniquely integrated digital capabilities to enable significant increases in advisor productivity and enhanced client engagement

  

Los Angeles (July 17, 2024) – InvestCloud, a global provider of wealth and asset management solutions, announced a partnership with Buckingham Strategic Wealth and Buckingham Strategic Partners (“Buckingham”), SEC-registered investment firms, to transform their financial advisor experience. With InvestCloud’s Advisor Experience, Buckingham advisors will benefit from differentiated digital capabilities, including the seamless integration of multiple systems, that will drive dramatic increases in advisor productivity and elevate the experience they deliver for clients.

Supporting Buckingham in managing or administering more than $70 billion of collective assets (as of March 31, 2024), the Advisor Experience from InvestCloud takes the advisor out of the business of managing administrative operations and into the role of advising clients and engaging in greater value-add opportunities. With cloud-native, modular technology, InvestCloud brings together multiple and disparate systems and data sources, such as CRM and financial planning, in a single, integrated dashboard, enabling advisors to access all the information they need to efficiently respond to a client’s request, review and execute scenario-planning and prepare for client meetings. This means advisors will be able to spend more time interacting and collaborating seamlessly with their clients, and less time navigating through and toggling between various data sources and systems of record. The new Advisor Experience is highly configurable, which allows Buckingham to tailor a differentiated advisor experience that capitalizes on their unique advice philosophy.

“We’re excited about the opportunity to help Buckingham transform their advisor experience,” said Kapin Vora, President, Digital Wealth North America at InvestCloud. “Partnering with one of the largest RIAs in the country is a strong proof point of the integrated advisor experience we have architected to increase advisor efficiency, enable a seamless digital experience, and ultimately deliver greater value for our clients.”

Until now, servicing clients required advisors to log in to more than half a dozen applications to gather the various data points and information they need for a client. Multiply that by multiple clients and the amount of time advisors spend on these actions results in a significant drain on productivity. With advanced features such as proactive and reactive alerting, easy access to multiple data sources, including CRM, portfolio, and financial planning data, as well as effective data visualization and secure messaging via alerts and email – all accessible from a single, integrated dashboard for advisors – InvestCloud’s Advisor Experience provides Buckingham advisors with the flexibility and productivity they need to engage more efficiently and better serve their clients.

“One of our top priorities is to enhance the digital experience we deliver for our advisors, and in particular, time-saving capabilities that will enable them to best serve their clients,” said Adam Birenbaum, Chief Executive Officer of Buckingham Strategic Wealth and Buckingham Strategic Partners. “We’re excited about our partnership with InvestCloud. The early feedback is extremely positive, and we look forward to continued enhancements that will further enable high-quality and seamless advisor experiences.”

This is the first step in a multi-phase partnership with Buckingham. InvestCloud will deliver additional enhancements, including a new client experience that caters to multiple client personas, as well as a new prospect experience, scheduled over the next year.

 

About InvestCloud

InvestCloud is the global software leader in digital transformation for the wealth management industry and the US leader for personalization and scale across advisory programs, including unified managed accounts (UMA) and separately managed accounts (SMA). InvestCloud supports over $6 trillion of assets with over 550 direct clients, including banks and wealth managers, private banks, and asset managers. InvestCloud’s scalable, modular technology platform provides best-in-class digital experiences throughout the complete wealth continuum.  

Across both Digital Wealth and APL, InvestCloud helps wealth management professionals and companies expand their capabilities and deliver advanced services to their clients. The company offers digital client and advisor experiences and tools that enable the development of front-office wealth management solutions, and UMA/SMA portfolio management, trade execution, accounting, model management, and performance investment solutions for the wealth and asset management industry.  

In 2024, InvestCloud was named a CNBC World’s Top Fintech Company, a proof point of the company’s commitment to innovation and client success. Headquartered in the United States, InvestCloud has offices worldwide, including Canada, United Kingdom, Switzerland, Italy, Singapore, Japan, and Australia. Visit InvestCloud.com and follow on social media for more information. 

 

About Buckingham  

Buckingham is a growing nationwide organization of advisors, financial specialists and nationally recognized thought leaders committed to providing evidence-driven, comprehensive wealth management solutions while acting in the best interest of its clients at all times.  

Buckingham Strategic Wealth, LLC (“BSW”) joined The Colony Group, LLC as of June 30, 2024 and continues to operate under the BSW name; it is an affiliate of Buckingham Strategic Partners, LLC (“BSP”). BSP offers a comprehensive wealth management platform and suite of services to a nationwide community of independent financial advisors. Buckingham’s proprietary Design | Build | Protect® methodology, which is tailored to each client’s specific needs and goals, is the foundation for the organization’s distinct investment and financial planning strategies. 

Prior to The Colony Group merger, and as of March 31, 2024, BSW managed $30.11 billion in regulatory assets under management or administration. BSP collectively manages or administers over $70 billion of collective assets. For more information, please visit BuckinghamWealthPartners.com. 

 

InvestCloud Media Inquiries  

InvestCloudCommunications@fticonsulting.com  

Annual recognition identifies technology firms shaping the future of financial services

  

Los Angeles (July 11, 2024) – InvestCloud, a global provider of wealth and asset management solutions, has been named to the annual list of the World’s Top Fintech Companies in recognition of its consistent delivery of fintech innovation. The list, which is compiled by CNBC and independent research firm Statista, identifies industry innovators leading disruption in fintech.

InvestCloud was recognized in the Wealth Technology Category for its leading capabilities across the wealth management ecosystem, including its differentiated client and advisor experience, digital and data technologies, portfolio management and personalized advisory experience portals.

“It’s an honor for InvestCloud to be recognized as a World’s Top FinTech driving the digital transformation of the wealth and investment management industry,” said Jeff Yabuki, Chief Executive Officer of InvestCloud. “This prestigious distinction serves as a strong proof point of our commitment to innovation and client success in our journey to be the preferred partner in wealth technology around the world.”

Through its scalable, modular technology platform, InvestCloud enables best-in-class digital experiences spanning the complete wealth continuum. With more than 30 years of deep knowledge and expertise, APL has been a trusted partner leading the industry in innovation, personalization and scale across advisory programs, unified managed accounts (UMA), and separately managed accounts (SMA). The company’s Digital Wealth suite includes advisor and client experience portals and financial planning products that significantly enhance productivity, advice and engagement for advisors and their clients.

The World’s Top FinTech Companies 2024 comprises companies in eight different market segments: Wealth Technology, Payments, Neobanking, Alternate Finance, Financial Planning, Digital Assets, Business Process Solutions, and Banking Solutions. Honorees were determined based on the analysis and weighting of overarching general and segment specific key performance indicators (KPIs) focused on the individual categories. To determine the top firms, a team of analysts at Statista carried out in-depth research into relevant KPIs for more than 2,000 eligible companies using publicly available sources such as annual reports, company websites and media monitoring. Companies with the highest score within their market segment were awarded as World’s Top FinTech Companies.

About InvestCloud
InvestCloud is the global software leader in digital transformation for the wealth management industry and the US leader for personalization and scale across advisory programs, including unified managed accounts (UMA) and separately managed accounts (SMA). InvestCloud supports over $6 trillion of assets with over 550 direct clients, including banks and wealth managers, private banks, and asset managers. InvestCloud’s scalable, modular technology platform provides best-in-class digital experiences throughout the complete wealth continuum. Across both Digital Wealth and APL, InvestCloud helps wealth management professionals and companies expand their capabilities and deliver advanced services to their clients. The company offers digital client and advisor experiences and tools that enable the development of front-office wealth management solutions, and UMA/SMA portfolio management, trade execution, accounting, model management, and performance investment solutions for the wealth and asset management industry. Headquartered in the United States, InvestCloud has offices worldwide, including Canada, United Kingdom, Switzerland, Italy, Singapore, Japan, and Australia. 

More information on InvestCloud can be found at www.investcloud.com.

Company Deepens Leadership Team with Addition of Industry Top Talent to Further Drive Revenue Growth

  

Los Angeles, February 7, 2024 – InvestCloud, a global provider of wealth and asset management solutions, today announced the appointment of Shawn Donovan as Chief Revenue Officer (“CRO”), responsible for the company’s sales and account management strategy globally with a key focus on enhancing value creation and delivery for clients. This announcement further underscores InvestCloud’s commitment to leading the digital transformation of wealth, strengthening the client experience and accelerating growth, as the company supports more than $6 trillion in assets under management across its platforms. 

Mr. Donovan brings extensive experience in the financial services and technology industry to his new role at InvestCloud. He spent more than 30 years in progressive global leadership roles with responsibilities spanning sales and account management, strategy and operations, and general management, while at EDS, Acxiom, Fiserv and Neustar. In addition to serving on various executive management committees and leading large-scale global sales organizations throughout his career, Mr. Donovan’s background includes over five years as the Chief Sales Officer at Fiserv, where he managed teams with more than 400 sales executives and achieved record-setting sales.  

“For more than three decades, Shawn has been leading sales and operational teams serving the financial services industry with a focus on driving outstanding sales and revenue growth,” said Jeff Yabuki, Chairman and CEO, InvestCloud. “We are thrilled to welcome Shawn to InvestCloud where we can utilize his deep expertise in building high-performing teams and enhance the value we deliver for our clients and partners.” 

Mr. Donovan specializes in business transformation to drive profitable revenue growth and is deeply committed to cultivating talent, developing best-in-class process and achieving consistent strong performance. He has a proven track record in building sales teams and models that deliver results. 

“InvestCloud brings a suite of modern, enabling technology solutions to complement the more than $80 trillion in assets expected to pass between generations over the next decade, which we believe will address the changing expectations of a new generation of clients,” said Shawn Donovan. “I’m excited about the tremendous transformation opportunity before us and look forward to working with the team to drive this next generation of growth.” 

Prior to Fiserv, Mr. Donovan was Chief Sales Officer at Acxiom, where he led a global sales organization of more than 375 professionals responsible for the expansion of the sales and ongoing support of the Acxiom portfolio of products and services. From Fiserv, Mr. Donovan went on to lead the global sales organization of more than 300 professionals at Neustar, where he was responsible for sales, ongoing support and strategic expansion of the company’s portfolio of products and services.  

  

About InvestCloud
InvestCloud is the global software leader in digital transformation for the wealth management industry, and the US leader for personalization and scale across Advisory programs including unified managed accounts (UMA) and separately managed accounts (SMA). InvestCloud today supports over $6 trillion of assets with over 550 direct clients, including banks and wealth managers, private banks, and asset managers. The company offers digital client and advisor experiences and tools that enable the development of front office wealth management solutions, and UMA/SMA portfolio management, trade execution, accounting, model management and performance investment solutions, resulting in best-in-class experiences and operations for the wealth and asset management industry. Headquartered in Los Angeles, InvestCloud has offices around the world including the United States, Canada, United Kingdom, Switzerland, Italy, Singapore, India, Japan, and Australia. 

More information on InvestCloud can be found at www.investcloud.com 

INVESTCLOUD MEDIA CONTACT:
InvestCloudCommunications@fticonsulting.com