Global FinTech firm releases end-to-end solution to provide trading and accounting capabilities for Robo-Advisors
InvestCloud Inc., a global FinTech firm, has released Emerald, a new solution for Robo-Advisors and hybrid wealth managers that empowers them with an end-to-end solution for portfolio management, trading, accounting, payments and fee management.
InvestCloud Emerald 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. 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. Emerald also leverages InvestCloud’s Digital Warehouse to enable a single version of the integrated truth.
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.
John Wise, co-founder and CEO of InvestCloud, said: “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.”
By utilizing the cloud, all information, trades and portfolio valuations can be processed in real time for instant portfolio valuations and reports. Emerald also scales in line with need, and a low-friction implementation approach allows large volumes of customers to be quickly onboarded, a frequent challenge facing the new generation of online only Robo-Advisors.
Wise continued: “Whether a startupRobo, 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 This is a truly cloud-native alternative to the out-of-date, hard-coded legacy solutions found in the marketplace today.”
InvestCloud clients already using Emerald include Nutmeg, the UK-based online investment manager, a leading Asian Robo-Advisor and a leading multi-family office.