InvestCloud, a US-based financial digital solutions provider, said that it is working with Dutch banking group Rabobank to offer digital financial planning for the latter’s customers.
According to InvestCloud, the goal-based financial planning will be available to the bank’s high net worth individuals (HNWI) and retail clients.
InvestCloud CEO John Wise said: “Rabobank shares our belief that everyone should have access to a financial plan, no matter their level of income.
“We’re thrilled to be partnering with them, helping further their bold ambitions to digitise client services and support millions in the Netherlands to better plan and invest in their futures and to achieve their life goals.”
InvestCloud said that Rabobank’s online and mobile app clients can make highly personalised life plans with the digital financial planning offering. This enables advisors to assist their clients in meeting their financial goals without the need of creating proposals that could be time-intensive and costly, said the company.
It further stated that intelligent goal-based financial planning gives a roadmap to clients for achieving their individual life milestones. These may include a child’s education, early retirement, world travel, or a personalised goal.
The main features of the digital financial planning offering are integration of pension data, feasibility calculations and graphs, and automated recommendations for savings, investments, and annuity savings.
InvestCloud said that its partnership with Rabobank strengthens its commitment to help in fuelling digital transformation and providing customised wealth experiences across Europe.
InvestCloud X, the company’s next-generation product suite, has been designed to provide end-to-end digitalisation of wealth, from digital communication to digital planning to a digital financial supermarket for reimagining the buying and selling of financial products, said the company.
Earlier this year, the company entered into a partnership with Ameriprise Financial, an American financial services company, to provide corporate wellness clients with customised financial planning and advice.
