Los Angeles
17 November 2017
Reporter: Stephanie Palmer

InvestCloud builds on digital platform

Financial technology provider InvestCloud has added a new portfolio management tool to its digital platform.

InvestCloud Neon automates trading, accounting and middle-office workflows, in a bid to make portfolio management more smooth-running, secure and accurate.

The solution allows for faster processing of equities, bonds and funds through a set of front-, middle- and back-office apps, and is intended to relieve some of the pressure on investment operations.

It is also available in various languages and currencies, allowing it to be applied globally.

InvestCloud has also released InvestCloud Gray, a solution aimed at wealth managers, which provides automated and cost-effective client reporting. InvestCloud Gray also offers access to an online portal for up-to-date account information.

The solutions are both underpinned by the InvestCloud Digital Warehouse, which aggregates data from multiple sources, offering asset managers a single source of truth

John Wise, co-founder and CEO at InvestCloud, said: “For all financial advice sectors across the world, digital isn’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.”

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