The latest technology news in the wealth management sector in North America.

InvestCloud
InvestCloud is working with First American Bank (FAB), to modernize the lender’s digital wealth management platform.

The bank, with $7 billion in assets under management, operates in 61 locations across Illinois, Wisconsin, and Florida.

FAB wants to upgrade the digital experiences for clients. To do so, it is using services such as InvestCloud’s Client Experience, Prospect Experience, and Advisor Experience. At present, FAB has used a technology stack with multiple systems.

InvestCloud, headquartered in the US, works with clients such as wealth and asset managers, wirehouses, banks, RIAs, and insurers. In terms of scale, the company’s clients represent more than 40 per cent of the $132 trillion of total assets globally.