Wealth technology provider InvestCloud has teamed up with First American Bank (FAB) to transform the latter’s digital wealth management platform.
Through the partnership, InvestCloud aims to bolster FAB’S client engagement. This collaboration will offer clients, prospects, wealth advisers, and relationship managers a unified technology solution with tailored insights and comprehensive support.
As part of the collaboration, FAB will adopt InvestCloud’s suite of products, including Client Experience, Prospect Experience, and Advisor Experience.
Currently operating on a multi-system technology stack, FAB recognised the need for a more streamlined and modern platform.
The integration with InvestCloud is expected to consolidate investment data, reporting, and documents into a single, intuitive interface.
The updated platform is designed to be mobile-friendly, allowing clients to access their financial information anytime, anywhere.
InvestCloud digital wealth North America President Kapin Vora said: “We are excited to partner with First American Bank to transform their digital wealth management capabilities.
“This collaboration reflects our commitment to driving innovation in the banking sector, enabling advisors and clients to engage with their financial data seamlessly while enhancing the overall client experience.”
By adopting a unified and user-friendly interface, FAB aims to meet the evolving needs of its clientele, offering a more personalised approach to wealth management.
InvestCloud’s expertise in creating Wealth Connected ecosystems will support FAB’s efforts to strengthen its position as a leader in digital wealth management.
FAB is a regional financial institution managing $7bn in assets across Illinois, Wisconsin, and Florida
FAB wealth management head Jane Nagel said: “This innovative digital platform represents a substantial investment in cutting-edge technology and underscores our unwavering commitment to delivering an exceptional and personalised wealth management experience.
“We are dedicated to empowering our clients with the tools and resources they need to achieve their financial goals.”
