InvestCloud, a wealth technology provider, has introduced a new suite of artificial intelligence (AI)-powered solutions aimed at enhancing adviser productivity and client value delivery.
The company’s latest offerings, Intelligent Screening and Intelligent Meeting, are designed to streamline processes within wealth management by automating tasks traditionally handled manually.
Intelligent Screening facilitates thorough due diligence during client onboarding and ensures continuous risk monitoring.
This tool allows private banks and wealth managers to conduct more efficient and accurate evaluations throughout the client lifecycle. It reduces the need for manual research and enables professionals to concentrate on decision-making.
According to InvestCloud, the Intelligent Meeting solution is designed to redefine how advisers handle client interactions by automating meeting preparations, note-taking, action tracking, and follow-up processes. This technology integrates insights from diverse systems, ensuring advisers can focus on substantial client engagements while minimising administrative burdens.
Both solutions are made possible through collaborations with smartKYC, a provider of AI-driven Know Your Customer (KYC) risk screening technology, and Zocks, which offers privacy-centric AI assistance for financial advisers.
InvestCloud digital wealth president Dan Bjerke said: “With this new generation of wealth solutions, starting with Intelligent Screening and Intelligent Meeting, we’re leveraging data and AI in new ways to address the disjointed systems and fragmented data challenges that are precluding optimal outcomes for advisors and their clients.
“smartKYC and Zocks share our commitment to creating a smarter financial future, and with them we are enabling advisers to work smarter across the full client lifecycle and to foster deeper more productive relationships.”
To support the deployment of these tools, InvestCloud is integrating the wealth management ecosystem into a cohesive wealth data model. This integration promises enhanced AI-driven workflows and experiences while maintaining stringent data privacy standards.
Both solutions are currently available to clients worldwide.
In 2024, InvestCloud outlined a strategic vision focused on innovation within the wealth management sector. This included a continued emphasis on client service excellence and technological integration.
As part of this vision, InvestCloud also launched Private Markets Account and Private Markets Account Network to facilitate unified management of both public and private market assets.
InvestCloud serves a diverse global clientele that spans wealth and asset managers, banks, registered investment advisors (RIAs), among others. The firm’s clients manage over 40% of the global total assets valued at $132 trillion.
