InvestCloud Collaborates with First American Bank to Innovate Wealth Management

InvestCloud and First American Bank Join Forces

InvestCloud, a renowned leader in wealth management technology, along with First American Bank (FAB), is embarking on a transformative journey to elevate the wealth management digital experience. By merging their expertise, these entities anticipate a sweeping enhancement in client engagement, promising a future where financial advisors and clients have seamless access to crucial insights and support through an integrated technology platform.

Transforming Wealth Management Digital Landscape

This strategic partnership marks a significant step forward for FAB, which manages approximately $7 billion in assets. The decision to modernize their digital wealth management platform aligns perfectly with their vision to provide a more engaging, client-friendly experience. The collaboration will introduce a myriad of innovative products designed to refine the digital experience, including the Client Experience, Prospect Experience, and Advisor Experience modules from InvestCloud.

Unified Technology for Enhanced Engagement

Currently, FAB operates on a diverse technology stack, which can often lead to inefficiencies. Recognizing this, the bank is set on adopting a cohesive approach by integrating InvestCloud's suite of offerings. This change will allow investment data, reporting, and documents to be bundled together in one user-friendly interface. With a mobile-friendly design, clients will have the flexibility to access their financial information anytime and anywhere, enhancing their overall engagement with FAB.

Commitment to Innovation

Kapin Vora, President of Digital Wealth North America at InvestCloud, expressed enthusiasm about the partnership, emphasizing that this collaboration is a testament to their commitment to innovative banking solutions. Such advancements not only allow for smoother interactions with financial data but also significantly enhance the customer journey in wealth management.

Our Focus on Client Relationships

FAB's emphasis on evolving its wealth management services showcases its dedication to prioritizing client needs. By modernizing their platform, FAB aims to create an experience that resonates with both advisors and clients, strengthening relationships and fostering a more personalized approach to wealth management. This move places FAB at the forefront of the financial services industry, aligning perfectly with its mission to deliver exceptional value and inspired experiences to customers.

Future-Ready Wealth Management Solutions

Jane Nagel, the Head of Wealth Management at FAB, conveyed her excitement about the partnership stating that it will significantly enhance their wealth management offerings. She emphasized that by incorporating this innovative digital platform, they are making a substantial investment in cutting-edge technology that reflects their unwavering commitment to exceptional service.

The Power of Connected Technology

InvestCloud’s unique approach encapsulates the essence of connected experiences in wealth management. The commitment to enabling partners and clients to work smarter while enriching relationships is at the core of their offerings. With a focus on creating a Wealth Connected™ ecosystem, InvestCloud is set to support First American Bank in differentiating itself in the competitive landscape of digital wealth management.

About InvestCloud

InvestCloud, positioned as a leader in wealth technology, aims to facilitate a smarter financial future. They are actively driving digital transformation across the wealth management sector, catering to a diverse clientele including wealth and asset managers, banks, and insurance firms. Their commitment to delivering personalized experiences ensures their clients can effectively engage with assets that total over $132 trillion globally.

About First American Bank

First American Bank stands as a full-service banking institution with substantial assets and numerous branches catering to various regions. The bank prides itself on providing exceptional customer service along with unmatched expertise across commercial banking, wealth advisory, and personal finance solutions. This partnership with InvestCloud reinforces their mission to deliver tailor-made solutions and enhance the client experience.

Frequently Asked Questions

What is the significance of the partnership between First American Bank and InvestCloud?

This partnership aims to enhance the digital wealth management experience, ensuring clients have better access to their financial information and support.

How will the new platform change client interactions?

The unified platform will enable clients and advisors to engage with financial information through a mobile-friendly interface, making the experience seamless and intuitive.

What technology is First American Bank currently using?

FAB currently operates multiple systems, but they recognize the need for a consolidated modern platform which InvestCloud will provide.

What kind of innovations can clients expect from this collaboration?

Clients can expect enhanced digital experiences, tailored insights, and tools to support their financial goals through this partnership.

How does InvestCloud support wealth management professionals?

InvestCloud offers technology solutions that empower wealth management professionals to provide personalized services and effectively manage their client relationships.

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