InvestCloud, a global fintech firm, today announced it had been selected as a winner at the WealthManagement.com Awards, in the 'Outstanding Achievement in Platform Innovation' category. The accolade, presented during a recent ceremony at The Plaza Hotel in New York City, was awarded in recognition of InvestCloud's Innovation Center, the firm's fourth-generation incubator and accelerator.
Now in their third year, the WealthManagement.com Awards celebrate the companies and organizations that optimally support financial advisor success. This year, an independent panel of expert judges designated InvestCloud's Innovation Center as a leading offering that empowers advisors to focus on maximizing business efficiency and optimizing client service while simultaneously contributing to the overall advancement of the industry.
The InvestCloud Innovation Center, established early in 2017, allows banks, wealth managers and other financial professionals to establish "residencies" and cooperate on new digital financial services solutions. Firms of all sizes can tap into InvestCloud's wealth of experience and the vast library of apps InvestCloud offers. The incubator's collaborative atmosphere is designed to reflect InvestCloud's beginnings in a Los Angeles garage in 2010, long before the firm grew to more than 670 clients and $1.7 trillion of assets on its platform. The company also recently added a new Innovation Center in London to serve the firm's global clientele.
"Despite having undergone tremendous changes in recent years, the financial services industry stands to further benefit from significant digital innovation," said InvestCloud CEO and Co-Founder John Wise. "The oftentimes prohibitive cost, and high failure rate, of such projects motivated us to create a space where financial services professionals can join forces to shape the future of our industry. By sharing our technology and expertise with financial institutions, we can help them develop and deliver the digital solutions their clients want. We're heartened that WealthManagement.com has recognized the power of this platform."
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. The result? Powerful products for individual investors and institutions alike, assembled on-demand to meet clients' specific needs.