Invest Cloud

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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  https://www.investcloud.com/MemberShip/Apps/BlueDemo_Holder_App.aspx?IX_mId=6 client portal https://www.investcloud.com/Membership/Apps/EmeraldDemo_Holder_App.aspx advisor portal https://www.investcloud.com/Membership/Apps/NavyDemo_Holder_App.aspx client communication https://www.investcloud.com/Membership/Apps/PurpleDemo_Holder_App.aspx client reporting https://www.investcloud.com/Membership/Apps/WhiteDemo_Holder_App.aspx digital platform and financial mobility tools

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 www.investcloud.com/Demo or call us at [phone].

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

www.investcloud.com

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***InvestCloud Sweep at Goodacre’s Systems in the City 2017 Awards***

The InvestCloud Europe team enjoyed a great luncheon at the Systems in the City 2017 awards last week at Merchant Taylors’ Hall in the City of London, taking home 3 awards.  The awards were hosted by the consulting agency Goodacre UK, who works exclusively with regulated companies and suppliers in the financial sector.  The Systems in the City Awards is an annual event that recognizes the leading services and systems providers to the regulated financial services sector.

The awards and the GoodAccredited standard represent a major endorsement of InvestCloud, recognizing the use of effective technology to meet clients’ demands and to comply with regulatory requirements.

InvestCloud’s 3 awards for the day were:

1.The Lifetime Achievement Award, which was presented to Steve Wise, a serial entrepreneur who founded Babel Systems (which InvestCloud acquired earlier this year) and currently runs InvestCloud’s London-based icMAC division. icMAC’s flagship product is Emerald, which empowers robo-advisors and wealth managers with a full-stack solution for portfolio management, trading, operations, accounting, payments and fees.

2.The second award went to Amanda Fisher for Technical Excellence. Amanda is a senior product leader of InvestCloud’s icMAC division.

3. And finally, InvestCloud’s digital platform took home top honors for Best Digital Based Investing System, which offers hyper-modular digital apps on a flexible, integrated digital platform powered by a first-class digital warehouse.

Goodacre’s independent and factual annual accreditation process is based on rigorous pre-defined criteria for each service and system category, and only once a service or system is accredited does it become eligible for an award. Awards are decided based on the evaluation of a panel of expert judges including review of independent reference checks.

Mark Trousdale, InvestCloud’s Chief Marketing Officer, said, “We are particularly proud to have our suite of digital financial apps recognized by Goodacre. Our apps empower asset owners and asset managers to make better decisions with better information, and these apps can be grouped or bundled together in a hyper-modular way. The objective is to digitally empower the industry.”

To learn more about how we build the most creative solutions for the financial services industry, book a demo today at www.investcloud.com/demo or call us at [phone].

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Fund Admin: the Zoo of Data & the Data Science Solution

By Jennie Wang

The business of data has expanded significantly over the last few decades, and the collection and analysis of various data types has grown massively.  In the mainstream, for example, social media and news stream data is collected and analyzed to provide social behavior insights.  Within the realm of financial services, data has traditionally been limited to the public market variety, but data now often expands beyond information available in the public markets and reaches into the private markets.

Merging together public data and statistics with privately acquired, non-standard metrics complicates requirements for quality data analytics.  Not only does the method of data acquisition change, but it is also increasingly difficult to ensure the quality of the data gathered.  Data quality directly drives reporting quality and, ultimately, the reliability of decision-making tools that rely on reported data.

Such methodologies typically require human intervention, and fund administrators, both institutional and boutique, have played a critical role in establishing those standards.  However, complexity continues to rise and data quality continues to prove challenging. Service providers often need to navigate multiple sources to capture different data types, ranging from document management systems to accounting platforms, and from performance platforms to research and CRM systems.  This typically results in stitching together data using Excel, as well as employing manual workflows that are failure-prone, which ultimately leads to unnecessary re-work and higher costs. This is getting increasingly difficult because the mass affluence are becoming more mobile so financial mobility and client portals are becoming even more important.

Particularly within the alternative investment space, asset administrators need better technology to address these pain points.  InvestCloud Purple helps administrators drive up revenue and reduce operational costs.  Leveraging InvestCloud’s Digital Warehouse, Purple allows structured and unstructured data to live side by side, eliminating the need to go to multiple systems to grab all relevant information.  InvestCloud’s Digital App Store provides a hyper-modular approach, enabling clients to create unique digital experiences on a first-class, integrated digital platform through the cloud, distinguishing their services from other providers in the space.  Moreover, InvestCloud’s patented Tree technology used in Purple provides administrators with a powerful performance measurement and client reporting tool, allowing end clients to each have their own performance consolidation definitions and optionally unique security masters that they can view in a customized client portal, allowing for financial mobility.

Using InvestCloud Purple tools such as InvestCloud’s Error Shield Protection and Maker, Checker and Authorizer workflow, alternative asset administrators can harness operational efficiencies through streamlined processes.  With quality data, enriched from multiple sources, InvestCloud’s Digital App Store provides tools, such as Fee and Expense Look-through analyses, a Liquidity Management module and flexible dashboard reporting on an interactive reporting canvas.  Ultimately, InvestCloud provides powerful views of information for better decision-making.  

To find out how we do this and how to leverage InvestCloud to improve your business, call us at [phone] or visit us at InvestCloud.com/demo.  Bring your business to the forefront of the Digital Revolution.

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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 www.investcloud.com/Demo or call us at  [phone].

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InvestCloud’s Los Angeles Headquarters breaks the FinTech mold with their custom designed offices

While it might seem odd to find a financial technology firm in a design center those of us at InvestCloud have always claimed to be a design firm.  We create customized and highly designed digital experiences for our clients using flexible, patented technology so that the digital experience can continually be customized to fit our clients’ digital platform needs. So, in designing our offices we chose bright colors with orange accents, modern lines with classic white walls, and kept our start-up feel with exposed ceilings.

The Pacific Design Center in the heart of West Hollywood quickly became the perfect place to house our growing global financial technology firm.  The PDC demands your attention from much of the Hollywood, West Hollywood, and Beverly Hills area.  The Red, Green, and Blue buildings stick out from the surrounding buildings both because of their color and their height.  The building was designed by Cesar Pelli in 1975 and has slowly grown to 1.2 million sqft of multi-use space. Inside each building, you can find lavish decorating firms, furniture shops, and other showrooms.  With two top-tier restaurants by Wolfgang Puck and a screening room that often hosts movie openings as well as TV and movie tapings.  We are lucky to have such a beautiful building to call home.

Our offices were carefully designed by our executive team using the following principles.

Engage your employees –

By giving our employees a sense of ownership over the space we encouraged buy-in as well as promoted up-keep of our office for the future.  We were able to get buy-in from our team by gathering notes on how to set up the kitchen, mostly based on feedback from our old kitchen.  And to create a sense of pride and ownership employees were given the chance to build their own desks if they wished, this was a nice change of pace and even a team building exercise.

Build features around employees’ needs and preferences –

Our 14,000 sqft, open concept office fosters creativity and collaboration but as most people will tell you an open office is only so appealing.  When it comes to productivity and privacy every office requires meeting rooms and calling rooms. The main nucleus of desks resembles a trading floor and is surrounded by multiple conference rooms in various sizes, a few private offices, and many individual calling rooms.  Most of these spaces are not assigned to a single person or department, rather you can reserve some rooms while other rooms are first come first serve.

Leverage Technology –

And finally as a tech firm we are always looking for the latest technology to utilize in our board rooms and at our desks.  Our favorite feature in the office is the technology in our main meeting room.  With sensors all over the room, we are able to replicate the technology from the Tom Cruise movie Minority Report.  With a swipe of a wand, we can have engaged sales meetings and product discussions. Learn more at www.investcloud.com.

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From London to Los Angeles – a view of innovation

InvestCloud recently hosted a panel of special guests at its Innovation Center Los Angeles in partnership with the British American Business Council Los Angeles.

Rajesh Agrawal, Deputy Mayor of London for Business; Greg Reed, Vice President Technology Partnerships at Universal Pictures; and Chris Rico, Director of Innovation at the LACEDC joined Yaela Shamberg, Chief Product Officer & Co-Founder at InvestCloud to discuss the state of trans-Atlantic innovation. InvestCloud CMO and EVP, Mark Trousdale, recounts their conversation.

Innovation is flourishing. That was the core message every attendee took home with them from the packed event we hosted at our Innovation Center in Los Angeles.

The panelists described how both Los Angeles and London are thriving hubs of tech innovation. In London, the city’s Deputy Mayor for Business, Rajesh Agrawal, highlighted how tax breaks for angels and investors have enabled startups to flourish, tapping into London’s vast talent pool, infrastructure and unique ecosystem. Digital health and life science are such areas of innovation, and the city is taking a lead in developing smart technologies to solve problems such as air quality and traffic.

But it is in FinTech where London truly makes waves. Rajesh noted how London is leading in this area, using its status as the world’s leading finance hub to its advantage. Within FinTech, compliance and RegTech solution startups in particular are paving the way in developing digital tools that are revolutionizing the future of finance. This is backed up by the record levels of VC investment seen in recent months.

It is a similar story in Los Angeles. Over the past 5 years technology innovation has been giving entertainment a run for its money as the leading industry of Los Angeles.

Recent months have seen record levels of investment, with local tech companies raising a combined $356.3 million in 30 days across science, lifestyle and, yes, FinTech. There are two key aspects central to both cities that makes this level of innovation possible – creativity. Both cities have this embedded into their being, and it in turn inspires innovation in a variety of ways – especially in technology.

At InvestCloud, we see examples of how these two cities innovate every day. We are proud to be a trans-Atlantic business with a global focus. This is why our global headquarters is in Los Angeles and lead EMEA office in the heart of London’s creative district – Soho – along with offices in other creative & tech hubs such as New York and San Francisco.

At InvestCloud, we incorporate creativity into everything we do. It enables us to think differently and provide solutions that truly revolutionize the wealth management industry.

To learn more about how we build the most creative solutions for the wealth management industry, book a demo today at www.investcloud.com/demo or call us at [phone].

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Apex Clearing Partners with InvestCloud to Deliver New Digital Advice Platform

Los Angeles – July 11, 2017 – Apex Clearing, an independent, full-service clearing firm and leader in the digital wealth space, has selected global FinTech firm InvestCloud as a technology partner to offer a new digital advice platform. Apex’s offering will allow FinTech startups and financial institutions alike to quickly take to market differentiated and personalized digital advisory services, using a fully featured, hyper-modular technology platform, with integrated, API-enabled custody and clearing services.

Apex already serves many leading retail-focused FinTech firms – including Betterment and Robinhood. But Apex is developing the new platform with InvestCloud to meet an underserved market need: solutions for new and established businesses that want premier custody services as well as sustainably customizable technology. This combination of Apex’s sophisticated, scalable API technology with InvestCloud’s breadth of intuitive apps and solutions will deliver even more ways for advisors to grow their business.

“At Apex, we are committed to developing solutions that empower innovation and drive growth within our clients’ businesses,” said Apex’s CEO Bill Capuzzi. “A big part of that is helping businesses distinguish themselves in the new era of digital investing – and not simply be seen as taking a ‘me too’ approach. Our new partnership with InvestCloud has allowed us to develop a highly customizable platform that does exactly that. It’s a seamless partnership between our two firms.”

John Wise, co-founder and CEO of InvestCloud, said: “Apex is the preeminent custodian and clearing firm in the digital wealth space, and we’re excited to enhance their digital offerings. Unlike most custodians’ platforms, this offering will be flexible and customizable as clients’ needs grow. And while the focus of this offering is digital advice, we’re pre-integrating our full library of over 200 financial apps to enable seamless future growth as the business scales.”

Apex will begin onboarding new clients to the platform starting later this year. InvestCloud’s flexible digital app platform supports a range of clients from independent RIAs to some of the world’s largest banks. Configuration of the apps, pre-integrated to Apex’s custody and clearing offering, enables all types of institutions to create a differentiated solution for a variety of client types.

ENDS

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. The result? Powerful products for individual investors and institutions alike, assembled on-demand to meet clients’ specific needs.

Today the InvestCloud 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 www.investcloud.com.

About Apex Clearing

Apex Clearing Corporation is a leading provider of digital wealth solutions that is powering the innovation behind 21st century investing. An independent, full-service clearing firm and prime brokerage, Apex partners with financial services firms ranging from disruptive fintechs to Fortune 500 enterprise advisors to succeed in the digital age. Apex’s fully-integrated, customized solutions allow registered investment advisors (RIAs), digital advisors, fintech firms, broker dealers and full service firms to operate more efficiently, maximize profitability, give customers more control, and reach new investors. Founded in 2012 and based in Dallas with offices in New York City, Chicago and Portland, Oregon, Apex Clearing Corporation is registered with the SEC, a member of FINRA, and a participant in SIPC. For more information, visit www.apexclearing.com.

Media contact:

Rich Went

Metia Group

Tel: [phone]

Email: [email protected]

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InvestCloud to launch London FinTech incubator

Los Angeles and London – June 28, 2017 – InvestCloud Inc., a global FinTech firm, is set to

launch a financial technology incubator and accelerator at its European headquarters in

Soho, London. InvestCloud Innovation Center London will offer both new startups and

established financial firms the ability to quickly deliver digital wealth management solutions

supported by the InvestCloud digital platform.

Deputy Mayor of London for Business, Rajesh Agrawal, has praised the move by InvestCloud

to establish its latest financial technology incubator in London. The Mayor’s business chief

spoke at Innovate to the future – a view from London, an event jointly hosted by the British-

American Business Council Los Angeles and InvestCloud on Friday, June 23 in InvestCloud’s

Los Angeles Innovation Center. At the event, Agrawal highlighted the global FinTech firm’s

commitment to innovation and financial mobility.

Rajesh Agrawal, Deputy Mayor for Business, said: “InvestCloud’s decision to launch a

FinTech incubator and accelerator in the heart of our great city is further evidence that

London is open for business and innovation. As a FinTech entrepreneur, I know from

experience London is the ideal location to grow a start-up, with an unrivalled talent pool

and a time zone which overlaps with other financial centres, among many other advantages.

That is the message I took on my trade mission to the West Coast of the US last week and

I’m delighted that companies like InvestCloud continue to invest in London and recognise

our city as a global business powerhouse.”

InvestCloud was established by British entrepreneur John Wise in a Los Angeles garage in

2010. Wise had previously founded successful businesses including Synergo Technology and

Netik in both the UK and the US. In the space of seven years, InvestCloud has won 670

clients across the globe, and now supports $1.7 trillion of assets on its digital platform for

wealth mangers and financial institutions. The company specializes in digital modular apps

including client portals, advisor portals, client communication, and client reporting.

John Wise, co-founder and CEO of InvestCloud, said: “InvestCloud is a global business, and

we have a commitment to creatively drive innovation and encourage financial mobility

worldwide. This commitment is the reason behind our rapid success not just in the US, but

also in London, across Europe and increasingly in broader EMEA and APAC. The London

Innovation Center is a perfect example of this. By sharing our technology and expertise with

financial institutions and startups in the UK, and London specifically, we can help them

deliver the digital platforms their clients want.

“It’s no secret that the financial services industry is behind the curve when it comes to

digital. Many projects cost millions only to be scrapped, and the failure rates for startups are

incredibly high. InvestCloud’s Innovation Centers ensure success for these projects –

allowing teams to innovate and ideate quickly, drawing on the experience of the Innovation

Center team and the wealth of capability within the InvestCloud digital modular app

library.”

The London InvestCloud Innovation Center will follow the blueprint of the firm’s first

technology accelerator at its Los Angeles headquarters. The Los Angeles space enables

teams from banks, wealth managers and early-stage FinTech startups to undertake

‘residences’ to accelerate the development of new digital solutions and digital platforms. To

demonstrate progress, participating businesses will ‘show and tell’ their work on a weekly

basis, ensuring success in a defined timeframe.

Innovation Center members have access to their own InvestCloud Sandbox. This includes

access to the 200+ InvestCloud digital modular Apps (including client portals, advisor

portals, client communication, and client reporting), over 2,000 APIs, integrated market

data, news, financial and accounting data, a document repository and InvestCloud’s unique

method of development. The Sandbox also provides members with InvestCloud mentors

offering guidance on funding, design, build, sales and marketing, distribution and

production support. Firms working at the Innovation Center can create sub-teams from their

own organization, or use InvestCloud’s staff and external partners. Those using the

Innovation Center will be able to use InvestCloud’s Programs Writing Programs (PWP) to

self-generate lines of code and its Digital Warehouse technology to provide real-time insight

and information.

Will Bailey, Head of Europe and Innovation, said: “Our dedication to innovation is the reason

behind our rapid expansion in Europe, picking up landmark clients from wealth managers

such as MASECO, to robo-advisors including Nutmeg. By sharing our expertise, the London

InvestCloud Innovation Center means financial institutions can fulfill the needs of their

clients. It gives startups the best chance to rapidly take creative ideas and launch them to

market. It ensures success.”

InvestCloud is now accepting applications for firms to enter the 9,302-square- foot

Innovation Center for its Summer 2017 opening.

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, and client reporting. The

result? Powerful products for individual investors and institutions alike, assembled on-

demand to meet clients’ specific needs.

Today the InvestCloud 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 www.investcloud.com.

[investcloudinc-blog]

InvestCloud enables Nutmeg to launch Lifetime ISA for new tax year

London – June 27, 2017 – InvestCloud Inc., a global FinTech firm, enabled online investment

manager Nutmeg to launch a financial product ready for the new UK tax year, and ahead of

most other ISA (Investment Savings Account) providers.

Through its partnership with InvestCloud, Nutmeg was able to launch its Lifetime ISA (LISA)

on 6 April 2017, the start of the new tax year. Nutmeg’s speed to market with the new LISA

gives the online investment manager an advantage in marketing the product to UK

consumers well ahead of competitors. To encourage savings among younger people for

home ownership or retirement, the LISA offers a 25 percent government bonus on savings

of up to £4,000 a year to anyone aged over 18 and under 40.

Bill Packman, COO at Nutmeg, said: “We have always been at the forefront of providing new

services to our customers, so it was imperative that we were able to launch the Lifetime ISA

from day one. By providing flexibility and the ability to easily scale, InvestCloud has allowed

us to be one of the first providers on the market able to offer this new and innovative

product.”

Through its digital wealth platform, InvestCloud provides front-, middle- and back-office

accounting services for wealth management and investment firms, including a new

generation of innovative online wealth managers such as Nutmeg. By choosing InvestCloud,

Nutmeg has been able to bring new customers on-board at a faster rate and provide the

real-time portfolio reporting expected by modern online investors.

InvestCloud’s cloud-native and API-based architecture ensures all Nutmeg customers

opening LISA accounts can be easily on-boarded, while helping the online investment

manager to ensure compliance with the regulations for the new scheme via HMRC APIs.

Steve Wise, EVP of InvestCloud’s icMAC division, said: “By using the InvestCloud platform for

its middle- and back-office operations, Nutmeg ensured it can bring new products, like the

LISA, to market quickly. By keeping their back- and middle-office systems in-house using

InvestCloud, rather than outsourcing via a traditional custodian, wealth managers can

ensure they deliver value, scale and efficiency. This applies not just to their own operations,

but also to their customers who see the benefit in real-time portfolio valuations and flexible

reporting.”

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. The result? Powerful

products for individual investors and institutions alike, assembled on-demand to meet

clients’ specific needs.

Today the InvestCloud 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 www.investcloud.com.

[investcloudinc-blog]

InvestCloud supports over $1.7T of assets across 670 clients from wealth managers, institutional investors