InvestCloud acquires Advicent and the NaviPlan platform - Seite 2

John Wise, Co-founder and CEO of InvestCloud, said: "InvestCloud's planning engine will be enhanced with the combination of Advicent (NaviPlan). Advicent is a highly differentiated planning engine covering the simple goal-based assessments that most of the known financial planning engines cover; however, and importantly, Advicent also has advanced retirement income scenarios and estate/trust planning focusing on the very difficult planning aspects of tax and cash flow. This will be greatly leveraged by the market-leading InvestCloud planning solutions and platform used by advisors today. The Advicent team has created a great asset which, when combined with InvestCloud's expertise in Digital Design, Gaming Theory, Decision Theory and Data Science, will accelerate the Advisor experience and drive better adoption and better outcomes. I'm thrilled to welcome Advicent into the InvestCloud family."

Wise continues "I'm delighted that, with the support of our Investment partners Motive Partners and Clearlake Capital, we are able to substantially grow both organically and by enabling great acquisitions such as Advicent."

Angela Pecoraro, CEO of Advicent, said: "We deliberately focused on the most complex components in the functional area of financial planning. InvestCloud is functionally strong and also extremely well known for design of intuitive user experiences. We are delighted to be joining forces with InvestCloud, the world's best and most comprehensive financial digital platform for wealth, which specializes in intuitive and empathetic digital experiences, visualizations and workflows. The opportunity we see together is massive and our team has thought this for years – how powerful a partnership would be with InvestCloud. As digital plays a more and more critical role in the advisor experience, InvestCloud's platform will enable our clients to reduce complexities, increase flexibility, and be a game-changing power for client-to-advisor collaboration by applying behavioral science to improve client outcomes."

InvestCloud's latest acquisition further expands its global client base in North America and Europe, while deepening its dominance within wealth management, trust and estate planning, as well as private banking. The capabilities will be immediately available to InvestCloud's existing global client base through its Digital App Store. Clients will be able to leverage InvestCloud's design-first approach to digital and the power of the Advicent engines to create unparalleled empathetic plans for all clients.