Grinnell College selects InvestCloud for endowment platform
Iowa liberal arts college selects InvestCloud Navy to support $1.8 billion endowment
LOS ANGELES, Nov. 1, 2017 /PRNewswire/ -- InvestCloud Inc., a global FinTech firm, has been selected by Grinnell College as its digital platform of choice for its endowment. The Iowa liberal arts college will use InvestCloud Navy to simplify investment management, improve efficiency and centralize data.
The $1.8 billion fund includes investments in equities, hedge funds, private equity and real assets. The fund previously relied on multiple service providers, with information spread across various documents and formats.
Grinnell College selected InvestCloud Navy because it supports multi-asset-class portfolios and can directly scale in line with business evolution. Grinnell will also be able to take advantage of InvestCloud's unique Digital Warehouse, which allows investors to view all information in one place, helping to make better informed decisions.
Paige Carlson, Director of Investment Operations at Grinnell College, said: "Currently, our data is stored across various programs and file types, which makes reporting more onerous. Working with InvestCloud, we are hopeful we can significantly improve internal performance reporting and analytics, which will allow all members of our team to better monitor portfolio performance."
InvestCloud Navy empowers institutional investors with tools for data aggregation to combine various investment types into one platform. It also provides financial apps for performance analytics and operational efficiencies. Through Navy, Grinnell will be able to automate reporting and create streamlined workflows.
Mark Trousdale, EVP at InvestCloud, said: "Digital is taking over all financial segments – and the endowments sector is no different. Grinnell College is the exact type of client we had in mind when designing the Navy solution: one that recognizes the power of data and wants to harness it to deliver efficiencies and results. Our recent upgrades to Navy's functionality reflect our commitment to helping this sector leverage 21st-century solutions."
Earlier in 2017, InvestCloud announced significant upgrades to the Navy product specifically for pensions, endowments and foundations segments. These upgrades included new asset allocation apps that offer multiple views on multiple data types. Navy also provides extremely flexible maker-checker-authorizer workflows and unique Error Shield protection for stress-free data entry and impact analysis.
About InvestCloud Inc.
Headquartered in Los Angeles with a global presence, InvestCloud develops 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 over $1.7 trillion of assets across 670 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.
Media contact:
Rich Went (UK)
Metia
+44 (0) 20 3100 3580
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Emma Smith (US)
FiComm Partners
917-636-4806
[email protected]
SOURCE InvestCloud Inc.
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