Silicon Valley firm launches mass automation tool for UK wealth managers

By Daniel Lanyon on Thursday 16 November 2017

Savings and Investment

InvestCloud has expanded its digital platform, targeting incumbents and disruptors.

InvestCloud has expanded its digital platform, targeting incumbents and disruptors.

InvestCloud has launched two new products aiming to “democratise” digital wealth management and deliver mass automation for investment managers.

The first, InvestCloud Gray, provides digital capabilities to investment firms of all sizes while InvestCloud Neon automates trading, accounting and middle-office processes.

The US firm, which recently opened a London base, is aiming to delivering hybrid wealth management to UK and European investment managers from small start-ups in the nascent robo-advice market to large institutional investors and family offices.

This includes and end-to end solution including portals, automated and interactive client reporting and client management capabilities far more cost effectively. In turn, clients are granted access to an online portal featuring all relevant account information, updated in real-time.

The platform also provides mobility apps, allowing clients and advisors to access information, and communicate at any time, from any place and through any device.

John Wise, Co-Founder and CEO at InvestCloud, says digital transformation is a must for all financial advice sectors across the world.

"It sn’t just a nice to have – it’s an imperative. The next generation of investors are already used to running their lives through apps. With $30 trillion at stake in the US alone as wealth transfers to the next generation, the sector needs to adopt digital now to reap the rewards later."

"By going hybrid – combining both digital and human – they can deliver an incredibly personalised service, helping to improve loyalty and increase wallet share.”

Sign up for our newsletters

Your daily 7am download of all things alternative finance and fintech.

Fintech and alternative finance headlines with an exclusive Editor's Note each week. Delivered Monday at midday.