Digital Transformation Firm InvestCloud Introduces White FMB+

InvestCloud, the global player focused on digital transformation for the financial industry with over $6 trillion in assets, has announced the release of the next evolution of InvestCloud White, called InvestCloud White FMB+.

The new product offering “includes integrated front, middle and back-office InvestCloud solutions, plus simple multi-channel wealth management services to provide comprehensive tools to advisors and other wealth managers.”

The front-to-back InvestCloud solution “marks InvestCloud’s continued investment to support greater operational efficiency and simplify the complexity of business as usual for wealth management clients.”

FMB+ includes the best of InvestCloud’s apps “for client communication, planning, trading and accounting, plus business process outsourcing (BPO).”

InvestCloud’s BPO center is “in Carlsbad, California, and is currently used by clients such as William Blair in their SYSTM offering.”

Mark Trousdale, Chief Marketing Officer of InvestCloud, said of the new White FMB+ offering:

“There is a massive opportunity to provide huge gains in efficiency to wealth management clients due to the failures of existing players in this market. Many have made claims of offering an integrated platform, but in reality, they lack having a single platform. Their solutions are dispersed across numerous platforms, and each client implementation is a different version, meaning many branches of different code – which is the height of inefficiency. This is why implementations of these platforms often last 3-4 years, with a high failure rate.”

Yaela Shamberg, Co-Founder & Chief Product Officer, Digital Wealth, of InvestCloud, said:

“We are excited to bring this important offering to market. Most players are still dealing with legacy hard-coding issues that plague this industry. What that means for clients is a cobbled-together version of their code, making it impossible to maintain.” Shamberg continued: “We are proud that White FMB+ totally disrupts these norms and showcases what the power of true digital can offer. Our single end-to-end platform handles the technology and servicing needs, with a cloud-native, no-code approach, enabling personalization and efficiency at scale.”

As noted in the update, InvestCloud is “a global company specializing in digital platforms that enable the development of financial solutions, pre-integrated into the cloud.”

The company “offers on-demand client experiences and intuitive operations solutions using an ever-expanding suite of modular apps, resulting in powerful products including Communication (client portals, advisor portals, mobility and more), Planning (goal-based, cashflow, digital advice, proposals and more), Shopping & Selling (digital marketplace for financial products) and the App Library (IBOR, ABOR, performance and more).”

Headquartered in Los Angeles, InvestCloud has over 20 global offices including New York, London, Geneva, Singapore, Tokyo and Sydney, “supporting trillions in assets across hundreds of diverse clients – from the largest banks in the world to wealth managers, asset managers and asset services companies.”

InvestCloud’s clients today “include over 150 asset managers, over 400 wealth managers and over 140,000 individual financial advisers.”

In North America alone, InvestCloud “has eight of the top 10 US banks and seven of the top 10 US managed account sponsors.”


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