InvestCloud offers a cloud-native SaaS platform for wealth and asset management, serving advisor networks, private banks, and distribution channels. The company plans to expand globally by integrating two businesses contributed as part of the recapitalization—Tegra118 and Finantix—to broaden its private banking and distribution capabilities. Management says the platform will be organized into distinct units: Wealth Advisor Platform, Private Banking Platform (using Finantix), Financial Supermarket (using Tegra118), and a Custom Financial Platform that leverages InvestCloud’s modular design and AI PWP tools. InvestCloud reported it will have over $4 trillion of assets on its platform, revenues of more than $285 million, and a team of more than 900 professionals following the transaction. The company intends to use the integrations to accelerate its presence in major markets including Europe and Asia. John Wise remains CEO while Rob Heyvaert of Motive Partners is Chairman; executives from Tegra118 and Finantix will join the global management team. InvestCloud has built a proprietary cloud platform that lets investment firms build and customize end-to-end digital experiences via configurable modules viewed through a single dashboard. The platform integrates dozens of disparate internal and external financial systems, accounts and products to enable reporting, data views and workflows. Modules cover client communications (document and client reporting, client portal, mobility), client management (CRM and CMS/integration), portfolio management (decision support, performance reporting, attribution, order management, research), operational management (compliance, accounting, billing) and platform repository (data warehousing, aggregation). Led by chairman and CEO John Wise, the company serves wealth advisors, large family offices, asset allocators (pension funds, endowments) and asset services providers. The company recently raised growth equity financing and plans to invest proceeds to further develop platform functionality, enhance customer service and expand its global presence. The business is based in Los Angeles, California.

Total raised

$45M

Funding rounds

2

Latest round

Equity

Latest activity

Oct 2015