Courtiers switches on digital wealth management with InvestCloud

USA - English

• USA - English

LOS ANGELES and LONDON, Oct. 18, 2018 /PRNewswire/ -- InvestCloud Inc., a global FinTech firm, has designed, built and deployed a digital client platform for UK wealth management firm Courtiers. Using the InvestCloud digital platform, Courtiers aims to go completely digital with all clients and advisers using online services.

Founded over 30 years ago and with an array of successful acquisitions under its belt since 2008, Courtiers has around £750 million in assets under management (AUM). The firm recently acquired two additional wealth management businesses.

The new platform from InvestCloud features a secure client portal offering comprehensive client communication and reporting capabilities. Courtiers initially launched the new system with a select number of clients and following full release in early August 2018, has since transitioned around a third of its client base to this service.

Using the InvestCloud digital platform, Courtiers is creating a digital-first proposition with all new clients serviced digitally from the outset, while advisers go paperless.

Jamie Shepperd, CEO at Courtiers, said: "Courtiers is growing at an incredible rate, as our most recent acquisitions demonstrate. To continue to be relevant and build relationships with all generations of investors, we must embrace the digital revolution. Working with InvestCloud, our new platform can ensure Courtiers remains front and center for all financial advice needs amidst the changing trends, habits and behaviours of the world we live in."

The integrated InvestCloud offering means that Courtiers also utilizes the InvestCloud Digital Warehouse, which aggregates data from multiple systems and custodians to provide a single version of the integrated truth. This integrated information includes all manner of structured and unstructured data – external news, social media and documents, alongside market and portfolio data."

John Wise, Co-founder, CEO and Chairman at InvestCloud, said: "Courtiers is a great fit for InvestCloud. Its recent acquisitions show that this is an ambitious wealth management business, and its keenness on adopting greater digital capabilities shows that it is actively preparing for the future. By working closely with the Courtiers team, we are ensuring that they are ready to cater to the next generation of investors."

Wise added: "With a $30 trillion generational wealth transfer up for grabs, the digital revolution has arrived in the investment sector. We have already seen the evidence with major banks creating whole new digital advice services. Those who respond effectively to clients' needs – by providing an intuitive, involving and individualized digital services that are available any time, any place and from any device – are those that will win."

About InvestCloud Inc.

Headquartered in Los Angeles with a global presence – including offices in New York and London – InvestCloud is a Digital Platform to enable the development of first-class, financial digital solutions, pre-integrated into the cloud. By empowering investors and managers with a single version of the integrated truth through its unique digital platform, InvestCloud creates beautifully designed client experiences and intuitive operations solutions using an ever-expanding library of digital modular apps. The result? Powerful products for individual investors and institutions alike, assembled on-demand to meet clients' specific needs.

Today the InvestCloud platform supports some of the largest banks in the world with substantial assets. In addition, for managers under $50 billion, InvestCloud supports over $1.7 trillion of assets across 700 diverse clients – from wealth managers, institutional investors & institutional asset managers to family offices, asset services companies, financial platforms & banks.

For more information, visit www.investcloud.com.

About Courtiers

Courtiers specialises in wealth management, with a range of private client and corporate client services to support individuals, families and businesses.

Bringing personal financial advice, corporate services (including pensions and auto-enrolment), technical support and investment management together, the Courtiers business model streamlines workflow and the overall client experience. Since introducing a Discretionary Management Service in 2000, Courtiers has launched six funds: the Courtiers multi-asset global funds in 2007 (Courtiers Total Return Cautious Risk Fund, Courtiers Total Return Balanced Risk Fund and Courtiers Total Return Growth Fund) and in 2015 introduced the Courtiers UK Equity Income Fund, Courtiers Global ex UK Equity Income Fund and Courtiers Investment Grade Bond Fund. The Courtiers funds offer global investment opportunities across a range of asset classes.

Through the Courtiers funds, institutional investment management techniques including client portfolio stress testing, scenario analysis and cash flow modelling, are used to deliver risk appropriate investment portfolios designed around specific goals and objectives.

Courtiers currently holds around £750 million in assets under management (AUM), employing 87 people including Appointed Representatives, with four core offices in Henley-on-Thames, Witney, Melbourne (Derbyshire) and Brent Knoll (Somerset). By 2021, Courtiers expects to hold £1 billion under management. The last three years has seen accelerated growth alongside necessary investment in technology to facilitate ongoing evolution.

Find out more about Courtiers services and funds at courtiers.co.uk.

SOURCE InvestCloud Inc.

Related Links

http://www.investcloud.com