InvestCloud Inc., a global FinTech firm, has delivered a digital platform and smartphone app for boutique investment advisor Chilton Trust Company.
The wealth manager, which has previously used the FinTech firm’s solutions, is using InvestCloud Blue to bolster its digital capabilities for its US clients.
InvestCloud Blue allows Chilton Trust’s clients to benefit from a highly personalized and intuitive digital experience. The supporting smartphone app delivered by InvestCloud allows clients to interact with their wealth at any time, from any place and on any device. Chilton Trust selected InvestCloud due to the platform’s scalability and flexibility.
Chilton Trust also leverages the InvestCloud Digital Warehouse, which aggregates data from multiple systems and custodians. It pulls together millions of pieces of information - including external news and social media sources, alongside market and portfolio data - to create a single version of the integrated truth. This ensures managers can make better decisions from better information.
Josh Rosen, Senior Vice President at Chilton Trust, said: “A successful digital platform needs to serve not just today’s pain points, but ones we will encounter tomorrow. InvestCloud is the answer. It tied in perfectly with our digital strategy, creating a mobile-centric, transparent digital platform that keeps us connected to our investors and helps us build stronger relationships. The fact we are seeing dramatically increasing and repeated logins proves the platform’s worth for the business.”
Headquartered in New York, Chilton Trust is an independent, privately owned wealth management company, with over $4 billion of assets under advisement. It provides wealth management services and investment solutions to high-net-worth individuals, families, foundations, endowments and institutions. The firm has instilled a client-centric culture, and is using the platform to ensure it offers the right, scalable services to clients today, while also future-proofing for the next generation of investors.
John Wise, Co-Founder and CEO of InvestCloud, said: “We are proud of our work with Chilton Trust. It is a shining example of how the sector is adapting to a new digital environment. The sector is at a turning point - future-proof now or miss out on the next generation of investors. This is particularly true for boutique firms at risk of losing business to digital startups.”
Wise added: “Digital means many things to wealth management. It delivers transparency and access for the client. For the manager, it means greater brand loyalty and wallet share. To remain competitive and relevant in an increasingly hostile marketplace, the only answer is intuitive, involved and individual digital experiences.”
InvestCloud recently enhanced its capabilities through releasing two new lines of financial apps to run on its digital platform. InvestCloud Gray provides a flexible digital platform that is affordable for any wealth manager, while InvestCloud Neon enables automated trading, accounting and middle-office workflows across the entire asset management value chain.
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