Technology
InvestCloud Launches New Solution For Robos, Other Wealth Firms
This publication carries latest news about product and service offerings in the North America wealth management sector.
InvestCloud, the international fintech firm headquartered in Los Angeles, has brought out Emerald, a solution for robo-advisors and “hybrid” wealth managers that covers areas ranging from portfolio management to payments.
The offering provides a digital front-, middle- and back-office platform for robo-advisors, banks, family offices and wealth managers, covering portfolio management, order processing, accounting, performance management, fees and billing alongside settlement and custody reconciliation functions.
All the functions are available either as a complete solution, or as standalone, modular apps that run on the InvestCloud digital platform that complement a manager’s existing systems.
“Emerald gives robos looking to run their back office and wealth managers needing to integrate digital capabilities a system that works seamlessly with existing processes,” John Wise, co-founder and CEO of InvestCloud, said.
By using the cloud, all information, trades and portfolio valuations can be processed in real time for instant portfolio valuations and reports, InvestCloud said. The Emerald offering can also be boosted in scale to match expanding needs, so that large number of customers can be taken on board rapidly.
“Whether a startup Robo, or a new hybrid service from an established wealth manager or bank, the challenge wealth firms face is integrating traditional standalone back-office systems with trading and portfolio management operations,” Wise said, adding: “Emerald eliminates these issues, bringing all functions together in an out-of-the-box solution – providing a single version of the integrated truth. This is a truly cloud-native alternative to the out-of-date, hard-coded legacy solutions found in the marketplace today.”
InvestCloud clients already using Emerald include Nutmeg, the UK-based online investment manager, an Asian robo-advisor and a multi-family office. In January, InvestCloud announced a strategic acquisition of London-based Babel Systems. The value of the deal was $20 million.
