Siebert, a national broker-dealer and provider of financial services, announced on Wednesday it has appointed InvestCloud to design and implement its complete digital transformation. Siebert reported that through the partnership it will implement InvestCloud’s full suite of applications, ranging from intuitive client-facing portals and mobile apps, to back-office operational automation.
Siebert further noted that it and InvestCloud will apply a multi-phased conversion to seamlessly achieve full digital transformation. The first two phases will focus on enhancing the digital client experience through an online platform, providing a full suite of apps, offering robo advisory managed portfolios, streamlining back-office processes and centralizing data and reporting. While sharing more details about the partnership, John Wise, InvestCloud’s Co-founder, CEO and Chairman, stated:
“With a long and well-respected history, Siebert is a great example of a firm on the leading edge of digital transformation. We are delighted to partner with such a forward-looking firm to implement the full stack of apps we offer on the InvestCloud Digital Platform. Embarking on a digital transformation journey will benefit Siebert greatly – improving operational efficiency from front to back, while also providing exceptional client-centric experiences.”
Gloria E. Gebbia, Majority Shareholder and Board Member of Siebert, added:
“Partnering with InvestCloud allows us to future-proof our technology. As the world becomes more digital, the desire for clients to access their finances and interact with their investment advisor digitally continues to grow. We have a responsibility to integrate these technologies in order to deliver the best possible experience for our clients and partners.”
