Archive for the ‘ client reporting ’ Category

Cloud accounting – why buy now?

Cloud computing, sometimes known as Software-as-a-Service (SaaS), is well established. The operational expenditure versus the capital expenditure advantages are well understood and accepted, as are the benefits of scalability, on-demand capacity and the removal of infrastructure and hefty upgrade costs. Even the terminology, once part of the exclusive language of IT professionals, is now part of everyday business-speak, and even trickling into consumer vernacular via advertising and marketing campaigns.

Despite the mass awareness of the utility of cloud computing, the world of wealth and investment management has been slow to adopt the cloud, with many organizations still running on, and even implementing, traditional on-premises software applications.

Recent industry news has highlighted several very high-profile project failures, many of these in wealth and investment management. In the clear majority of cases, inflexible and outdated legacy technology was to blame. Even where projects have succeeded, the timescales are often shocking, with implementations lasting several years. These shortcomings underscore the need for a smarter, more efficient, cloud-based digital platform.

The InvestCloud approach

Emerald, InvestCloud’s cloud-based Modeling, Accounting and Custody (“MAC”) system, can help your organization to operate more efficiently and effectively, and benefit from InvestCloud’s rapid and low-risk implementation approach.

With cloud solutions from InvestCloud’s digital platform, implementation is fast. InvestCloud’s PWP (Programs Writing Programs) technology aids rapid configuration. InvestCloud does the heavy lifting, including managing the infrastructure – leaving the business teams who rely on the software free to ensure that it’s configured correctly and fit for purpose.

InvestCloud’s approach ensures that your organization will never have to endure another traditional software rollout to get its hands on the latest functionality. Users get instant access to the latest innovations without having to worry about installing new software or hardware. Emerald is continuously updated, not only to release new features, but also in light of compliance and regulatory enhancements, security updates, usability improvements, patches and bug fixes. This ensures state of that art features for your clients and advisors such as client portals, advisor portals, client communication, client reporting, and financial mobility.

Flexibility and agility

Modern, successful businesses are good at coping with change. InvestCloud makes this flexibility easy. Extending the capabilities of your system by adding new functionality from InvestCloud’s suite of apps is simple and fast because all InvestCloud modules are designed to work together. It’s easy to add new features and functionality to your digital platform such as tools for client reporting and client communication, as and when required, without having to integrate software from different vendors.

For customers wishing to develop their own customer-facing propositions, InvestCloud Emerald is fully API enabled. This allows our clients to focus on building their unique algorithms and client portals without having to re-invent the wheel building their middle- and back-offices.

Reducing costs & risk

In an increasingly competitive market, the cost of middle- and back-office technology has a direct impact on your organization’s bottom line. With lower infrastructure and maintenance costs, InvestCloud Emerald can significantly reduce the percentage that’s devoted to the middle and back office. This means you can invest in other areas while having access to the market’s most modern trading, accounting and settlements system. InvestCloud also takes on responsibility for the hardware infrastructure and security, which means lower explicit and implicit costs for our clients.

InvestCloud’s cloud pricing model allows maximum flexibility over traditional approaches. Extending the capabilities of InvestCloud Emerald can easily and rapidly be achieved from the InvestCloud suite of products. This saves time, cost and lowers your exposure and risk. Emerald is delivered using a SaaS model and is priced on a subscription basis. This gives a clear advantage over traditional, on-premises software deployments.

InvestCloud Emerald allows you to quickly deploy a modern modeling, custody and accounting platform that delivers the latest functionality and capabilities like fractional-share dealing, all with lower investment risk and great flexibility. This makes it a perfect fit for a re-platforming project.

To learn more about Emerald or our range of cloud-based solutions, book a demo at or call us at  +1 (888) 800-0188.

Global FinTech firm InvestCloud impresses judges with digital client portal and client reporting capabilities

London – May 12, 2017 – InvestCloud Inc., a global FinTech firm, has won two awards at the prestigious WealthBriefing European Awards 2017 in London. The firm was awarded for best client communications (client portal) and came highly recommended for the client reporting features on its digital platform.

Mark Trousdale, EVP and chief marketing officer at InvestCloud, said: “InvestCloud is building up a sizable trophy rack – a true testament to the uniqueness, quality and value of our digital platform. InvestCloud is dedicated to bringing innovation to wealth management functions including client portal, advisor portals, client communication and client reporting. We are also dedicated to making our clients successful in the age of fee compression.  With digital automation firms can increase their client to advisor ratio and in turn increase their productivity.  Digital automation also improves quality and creates systematic executions and processes saving firms time and money.  Our unique digital client communication and client reporting solutions are just two of the many cloud-based and flexible capabilities we deliver to help firms battle fees and fiduciary obligations.”

InvestCloud’s latest win builds on a run of award success for the firm, including two award wins at the Family Wealth Report awards for its CRM and digital client communications including client portal, advisor portal, and client reporting. The FinTech firm was also highly commended as online technology provider of the year at the FSTech awards and was named as a finalist for Best Alternative Investment Digital Platform at the Benzinga awards. Its co-founder and CEO, John Wise, is also shortlisted for FinTech person of the year at the FTF Awards.

The WealthBriefing European Awards showcase best of breed providers of advisor portals, client portal, client reporting, and client communication tools in the global private banking, wealth management and trusted advisor communities. The awards recognise companies, teams and individuals which the prestigious panel of judges deem to have demonstrated innovation and excellence during 2016.

Stephen Harris, CEO of ClearView Financial Media, the publisher of WealthBriefing, said: “The firms who triumphed in these awards are all worthy winners, and I would like to extend my heartiest congratulations. These awards were judged solely on the basis of entrants’ submissions and their response to a number of specific questions, which had to be answered focusing on the client experience, not quantitative performance metrics. That is a unique, and I believe, compelling feature. These awards recognise the very best operators in the private client industry, with ‘independence’, ‘integrity’ and ‘genuine insight’ the watchwords of the judging process – such that the awards truly reflect excellence in wealth management.”


About InvestCloud Inc.

Headquartered in Los Angeles with a global presence, InvestCloud develops first-class, financial digital solutions, pre-integrated into the cloud. By empowering investors and managers with a single version of the integrated truth through its unique digital platform, InvestCloud creates beautifully designed client experiences and intuitive operations solutions using an ever-expanding library of digital modular apps. Some of these apps include client portals, advisor portals, client communication tools, and client reporting tools. The result? Powerful products for individual investors and institutions alike, assembled on-demand to meet clients’ specific needs.

Today the InvestCloud digital platform supports over $1.7 trillion of assets across 670 diverse clients – from wealth managers, institutional investors & institutional asset managers to family offices, asset services companies, financial platforms & banks.

For more information, visit

#clientportal #advisorportal #digitalplatform #clientcommunication #clientreporting #financialmobility

InvestCloud partners with City of Boston for Family Savings Program

Los Angeles and Boston – February 23, 2017 – InvestCloud Inc., a global fintech firm and digital platform, has partnered on a new program with the City of Boston and Boston Mayor Martin J. Walsh to allow families to create long-term savings plans for their children’s education.


Boston Saves, the City’s Children’s Savings Account (CSA) program, allows families to create long-term, goal-based savings plans for college, post-secondary and training education for their children. The program is being run using the InvestCloud digital platform, which allows participating families to easily and quickly access and review their savings plans online using a client portal. This client portal facilitates client communiation and client reporting while increasing financial mobility and giving advisors access to an advisor portal.


“One of the best ways to close the opportunity gap facing some of our young children is to help them save for their educational future,” said Mayor Walsh. “Children’s Savings Accounts are a tool that every family should have access to, and with InvestCloud’s financial technology support, we’re making that a reality. Even a small amount over time can make a big difference, and I am excited for our students and families who will have this new resource to begin saving now for the future.”


Through the digital platform, families will be able to track their progress, earn rewards and benefit from financial savings tips. Linking their savings and checking accounts directly to the digital platform will make it easy to transfer funds and gain a more holistic view of their investments.  The digital platform will also allow access to a client portal for enhanced client communication, client reporting, and financial mobility.


John Wise, co-founder and CEO of InvestCloud, said, “Our program with the City of Boston demonstrates the flexibility of the InvestCloud digital platform. It supports the full spectrum of wealth management, from the complex needs of family offices and high-net-worth investors, right through to the needs of normal families. While they might not consider themselves ‘wealthy,’ they can still benefit from our digital platform to help them achieve their lifetime goals and family plans.


“With a greater number of people thinking about how to organize and build their savings, the notion of wealth management is changing fast. But to effectively engage with these new demographics, a simple and intuitive solution is required that can handle massive scale efficiently. The InvestCloud approach ensures all types of wealth and savings can be supported through the digital platform.”


The InvestCloud digital platform utilizes Programs Writing Programs (PWP), a proprietary technology that generates code instead of programmers writing code. This automation allows one business analyst or designer to do the work of 50 developers and ensures updates and upgrades are dramatically simplified – negating the long lead times associated with hard-coded software solutions. It is because of this technological approach that InvestCloud’s solutions could be easily and rapidly adapted to the unique use case of Boston Saves.

The platform is also capable of processing millions of pieces of data and content – from market news to portfolio data – through its digital warehouse. This provides a complete picture of an individual’s wealth, ensures both clients and advisors are able to get a complete picture of wealth, and allows for more effective, more profitable management.


About InvestCloud Inc.

Headquartered in Los Angeles, InvestCloud empowers investors and managers with a single version of the integrated truth through its unique digital platform. Today the InvestCloud platform supports over $1.7 trillion of assets across 670 institutional customers. InvestCloud creates custom solutions for better decision-making. From Client Communications (Client Portals and Reports) and Client Management (Advisor Portals) to Digital Warehousing and Data Analytics, InvestCloud offers first-class investment platforms for successful investing that are rapid to deploy and hyper-modular. Customer segments include wealth managers, institutional investors, asset managers, family offices, asset services companies and financial platforms.

For more information, visit

About Boston Saves

Boston Saves, the City of Boston’s Children’s Savings Account (CSA) program is designed to give families the opportunity to create a long-term savings plan for college, post-secondary education and training, for their children. The program utilizes an online platform created in partnership with InvestCloud that allows families to link any savings, checking or 529 account to a secure online platform that makes it easy to save, earn rewards, track progress and gain financial tips. Five Boston Public Schools currently participate in the pilot program for CSAs, with a universal rollout scheduled for Fall 2019.


#clientportal #advisorportal #clientcommunication #clientreporting #financialmobility #digitalplatform

Wealth and millennials: how they think, spend and save, the need for a client portal.


The millennial generation – those born between the early 1980s and mid 1990s – are now either just joining the workforce, or well into their careers. As millennials gather the responsibilities of adulthood, financial and wealth management products come with the territory – this is the essence of financial mobility. Not surprisingly the wealth industry is paying close attention to this coming generation.  Millennials are looking for a financial institution that will provide a first class client portal, client communication, client reporting, advisor portal, financial mobility, and digital platform


Possibly the most studied segment in history, millennials have been variously labelled as narcissistic, entitled, tech-savvy and ethically conscious. Their relationship with financial institutions is well documented. The financial crisis and subsequent scandals created a general feeling of distrust toward the industry, but millennials have started to emerge as the largest client opportunity in the coming years. In order to capitalize on the opportunity, wealth and asset managers must adapt to successfully serve this complicated and fiscally important generation. This generation specifically wants to the following tools: client portal, client communication, client reporting, financial mobility, advisor portal, and digital platform.
The growing millennial impact

Last year 40 percent of the global adult population were under 35 years old. Today they account for US $1.3 trillion in direct consumer spending in the US. This figure will balloon over the next decade as the millennial generation is projected to account for 75 percent of the workforce by 2025  (source: Bank of America Merrill Lynch).
Three trends will dictate how this population will acquire and use their wealth.
First, as the current 18-34-year-old cohort enter prime earning years, their liquid assets will increase substantially.


Second, these younger generations are seen to be more entrepreneurial than their parents, which should accelerate the increase of their available assets: Deloitte found that 54 percent of millennials have started, or plan to start, their own business – 27 percent are already self-employed.


And thirdly, millennials should benefit from a transfer of wealth from their parents, the baby-boomers, driving a future wave of inheritance that wealth managers need to prepare for.


Behavioral characteristics


So how should wealth managers adapt to serve this group successfully? Critically, you need to get a good understanding of their behaviors.


Millennials are drawn to authenticity and want this reflected in how they live, work and invest. Long-established wealth managers steeped in the traditions of stability and continuity may need to rethink their own culture and recruitment policies to connect and engage this coming generation, using a more empathetic client communication approach.


They are socially and environmentally aware, not only concerned with the state of the world, but vocal about the need for change. Which means they don’t consider profit as the sole success factor of an investment. Millennials seek out organizations and investments that prove their value with acts of social responsibility. They also seek out organizations that listen to their need for client portals, client communication, client reporting, financial mobility, and a digital platform.


Nor has the impact of the global financial crisis been forgotten. This generation was greatly affected and as a result is more cautious and conservative than baby boomers. Their caution highlights the importance of client communication and financial mobility, as well as an advisor portal that provides top tier insight.


This was also the first generation to grow up in a digital platform world, acknowledging technological innovation as a constant. They adopt early. They try out new services. They value utility. They resent friction.  And they expect a client portal, client communication, client reporting, financial mobility, digital platform, and advisor portal.


Their financial habits are like everything for them, always online first – it is their default setting.


For millennials, technology is the key differentiator that wealth managers must be aware of. Deloitte found that 57 percent would change banks for a better technology platform solution. There is no reason to think wealth managers are not under the same scrutiny to offer client portal and client reporting advancements as well as financial mobility.


Financial advisory adaptations


Based on these different behaviors, it is fair to assume millennials are not being satisfied. But the opportunity to do so clearly exists, and for wealth managers who react it will be greatly rewarding. To combat distrust, financial advisors need to focus on pricing transparency and become more communicative and open, ideally with new choices of alternative investments, markets and products. New products such as client portal, client communication, client reporting, advisor portal, digital platform, and financial mobility.


Most importantly, wealth managers need to better engage millennials digitally. The InvestCloud Digital Experience involves clients, provides an intuitive experience and is highly personalized, supporting many varied personas in order to work for each individual. Opportunities abound for wealth managers to advance the millennial client experience – not to mention to make advisor portal and other internal tools better for the management of this crucial client demographic. Now is the time to act.


To find out more about how we can help you digitally engage millennials, request a demo through our website at or call us at +1 (888) 800-0188.


#clientportal #advisorportal #clientcommunication #clientreporting #digitalplatform #financialmobility


The genie is already out of the bottle for digital advice


In the last month, the so-called “DOL Fiduciary Rule“ has gone from being due for imminent implementation to now being in doubt, or at least materially delayed.


While the April 10 deadline for partial Rule compliance was postponed (the January 1, 2018 deadline is still up in the air), many firms have spent a great deal of time preparing for it. And while those firms are waiting to hear details about the delay as well as whether it will be scrapped altogether by the new Presidential Administration, neither changes the momentum.


Even if the Rule is repealed altogether, it doesn’t remove the massive benefits of digital advice. At this point, the genie is out of the bottle. Advisors and investors alike have already gone too far down this road, and are now in a better, stronger position, not to mention, client expectations are shifting to a new normal as clients exert their increasing financial mobility.


Digital opportunity

The Rule – some six years in the making – was designed to expand the definition of an “investment advice fiduciary” to all financial institutions and individuals offering financial advice to retirement accounts and qualified plans, effectively elevating many advisors’ and planners’ obligations to clients from a “suitability” standard to a much higher “fiduciary” standard. They would be bound legally and ethically to meet the standards of that status, including changes to methods of client communication and client reporting.


This move – in concert with the reduction of services eligible for commissions – seemed initially to many in the industry to simultaneously cut out a revenue stream (commissions) while increasing costs (because of the additional time, effort and data-tracking systems required to comply with the Rule). But most advisors were not prepared to get out of the retirement game.


Luckily, FinTech came to the rescue, harnessing and building upon elements of digital advice previously applied almost exclusively in the Robo arena. The smart players quickly recognized both salvation and opportunity in digitalization.


Through a digital platform, forward-thinking advisors have discovered they can deploy advice from an advisor portal to a client portal as well as keep records in a fashion that both complies with the Rule and prevents ongoing cost increases to serve that client base. But they also found a better, more efficient way to do business – i.e., a way to actually lower costs vs. in-person meetings, paper forms and PDF reports, and in the process investors got a better digital experience.


Furthermore, most investors feel more comfortable with a fiduciary standard – the same standard that applies to RIAs. So digital advice provisioned under the Rule improves client satisfaction and loyalty, which in turn increases the longevity of the advisory relationship. With digital advice, advisors and planners promote stickiness – because it gives clients more control over how they can view and act on their investments on a client portal – at the same time as decreasing the costs to the advisor and planner of serving each client. Combining these two benefits is an obvious win-win.


No U-turn in advice

While the Rule started as a regulatory regime, the double win to the advisory firm and to the investor – i.e., value innovation – is impossible to deny. Many in the industry see this, and are pushing forward regardless. Now it’s about maximizing scale, profitability and investor happiness. Efficiency is the new goal. The Rule simply acted as a driver, with the result being the embrace of digital processes. Presidential Memos and a possible future Executive Order do not change that.


The genie isn’t going back into the bottle.


To find out more about how we can help you with digital advice, request a demo through our website at or call us at +1 (888) 800-0188.

Tales from the Digital Experience Frontier

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The focus of InvestCloud’s 2nd annual User Conference was on the “Digital Experience”. InvestCloud team members spoke about Fulfillment, Function, and Form, and demonstrated the various applets through the theme of Lego building blocks. Everything was awesome! Read more by clicking on image.