Avaloq enters US Market with new wealth management platform

By Divya Shah

Why this matters: Modular wealth technology helps financial institutions modernise legacy systems, improve portfolio management and adopt AI without costly full-platform replacements.

Avaloq, a wealth technology provider and part of NEC Corporation, has entered the US market with the launch of Avaloq Mosaic, a modular platform designed to help wealth managers modernise their investment technology without replacing their existing systems.

The platform connects investment data and portfolio management processes across existing systems, allowing financial institutions to gradually introduce new capabilities.

Many US wealth managers operate with complex technology systems built over years of business growth and acquisitions. These systems can make it difficult to offer personalised investment services at scale, respond quickly to market changes and adopt artificial intelligence (AI)-powered solutions.

Avaloq Mosaic has launched in the US with two core capabilities: Portfolio IQ and Allocator.

Portfolio IQ provides a real-time view of investments by bringing together holdings, transactions and portfolio information from multiple accounts, custodians and other sources. Allocator helps wealth managers turn investment strategies into portfolios, supporting portfolio creation, personalisation and ongoing management across large client bases.

The two capabilities work together to connect investment data with portfolio management activities. The wider Avaloq Mosaic platform also includes Agent Connect, which gives financial firms’ AI tools controlled access to verified investment data.

Avaloq plans to introduce additional capabilities to the platform, including tax for tax-aware investment management, asset servicing for managing investment positions and securities-related events, and lending for margin and securities-backed lending decisions.

The platform uses a cloud-native, API-first architecture, allowing financial institutions to add or update services while maintaining the security, governance and operational controls required by large organisations.

Martin Greweldinger, Group CEO of Avaloq, said the US was one of the world’s largest and most advanced wealth management markets, with specific technology requirements for financial advisers and clients.

He added that Avaloq Mosaic would give US wealth managers greater flexibility to modernise their technology, make better use of investment data and introduce new services without replacing their existing systems.

To support its US expansion, Avaloq has also established a local leadership team with experience in wealth management, broking, advisory technology and business transformation. The team includes Joel Lewis, Managing Director for the US region, who brings experience in broking, advisory and full-service wealth management.

Avaloq currently supports more than 170 financial institutions globally and invests 20% of its software revenue in research and development. Its technology helps wealth managers and private banks automate processes, improve operations and manage complex investment activities.