Fintech firm InvestCloud launches new solution for robo advisors and hybrid wealth managers

California-based fintech firm InvestCloud Inc has announced the launch of a new solution for Robo-Advisors and hybrid wealth managers, Emerald.

In the official release, the firm said that Emerald will empower robo advisors and hybrid wealth managers with an end-to-end solution for portfolio management, trading, accounting, payments and fee management. It provides a digital front-, middle- and back-office platform for Robo-Advisors, banks, family offices and wealth managers, covering portfolio management, order processing, accounting, performance management, fees and billing alongside settlement and custody reconciliation functions.

All Emerald functions are available either as a complete solution, or as standalone, modular apps that run on the InvestCloud digital platform that complement a manager’s existing systems.

“Emerald gives Robos looking to run their back office and wealth managers needing to integrate digital capabilities a system that works seamlessly with existing processes. Across multi-asset-class, multi-currency investments, Emerald leverages our unique API-based approach and leading Digital Warehouse, which means all Robo-Advisors can have access to a powerful and highly modular automated processing platform”, John Wise, co-founder and CEO of InvestCloud, said.

Emerald incorporates Investment Book of Record (IBOR), Accounting Book of Record (ABOR) and Settlement Book of Record (SBOR) modules into an integrated, full-stack solution, the release said. It leverages InvestCloud’s Digital Warehouse to enable a single version of the integrated truth.

“Whether a startup Robo, or a new hybrid service from an established wealth manager or bank, the challenge wealth firms face is integrating traditional standalone back-office systems with trading and portfolio management operations. Emerald eliminates these issues, bringing all functions together in an out-of-the-box solution - providing a single version of the integrated truth. This is a truly cloud-native alternative to the out-of-date, hard-coded legacy solutions found in the marketplace today”, Wise added.

InvestCloud further said that Nutmeg, the UK-based online investment manager, a leading Asian Robo-Advisor and a leading multi-family office, is already using this new solution.