InvestCloud unveils latest offering White FMB+

By Gloria Methri

InvestCloud has announced the release of the next evolution of InvestCloud White, called InvestCloud White FMB+. The new product offering includes integrated front, middle, and back-office InvestCloud solutions, plus simple multi-channel wealth management services to provide comprehensive tools to advisors and other wealth managers.

The latest solution marks InvestCloud’s continued investment to support operational efficiency and simplify the complexity of the business as usual for wealth management clients. FMB+ includes some of the best of InvestCloud’s apps for client communication, planning, trading, and accounting, plus business process outsourcing (BPO). InvestCloud’s BPO center is in Carlsbad, California, and is currently used by clients such as William Blair in their SYSTM offering.

Mark Trousdale, Chief Marketing Officer of InvestCloud, said of the new White FMB+ offering said. “There is a massive opportunity to provide huge gains in efficiency to wealth management clients due to the failures of existing players in this market. Many have made claims of offering an integrated platform, but in reality, they lack a single platform. Their solutions are dispersed across numerous platforms, and each client implementation is a different version, meaning many branches of different code – which is the height of inefficiency. This is why implementations of these platforms often last 3 to 4 years, with a high failure rate.”

Yaela Shamberg, Co-Founder & Chief Product Officer, Digital Wealth, of InvestCloud, said, “We are excited to bring this important offering to market. Most players are still dealing with legacy hard-coding issues that plague this industry. What that means for clients is a cobbled-together version of their code, making it impossible to maintain.”

Shamberg continued, “We are proud that White FMB+ totally disrupts these norms and showcases what the power of true digital can offer. Our single end-to-end platform handles the technology and servicing needs, with a cloud-native, no-code approach, enabling personalization and efficiency at scale.”