AI-Powered Solutions introduced by InvestCloud to Boost Advisor Efficiency and Improve Client Interaction
InvestCloud, a global leader in wealth technology, has announced a new generation of AI-enabled solutions aimed at increasing advisor productivity and delivering greater value to clients. The new strategic direction introduced by InvestCloud in late 2024 aims to create a smarter future for wealth management.
The company is connecting the wealth management ecosystem into a unified wealth data model, driving AI-enabled workflows, insights, and experiences. This integration is designed to deliver a seamless onboarding experience for institutions with complex structures, cross-border exposures, and elevated risk profiles.
Two key solutions have been introduced as part of this initiative: Intelligent Screening and Intelligent Meeting.
Intelligent Screening: Streamlining Compliance and Risk Management
Intelligent Screening is an AI-driven tool that automates in-depth due diligence during client onboarding and ongoing risk monitoring throughout the client lifecycle. This solution addresses the challenges of disjointed systems and fragmented data, improving compliance efficiency and risk evaluation accuracy.
Powered by smartKYC, a leading provider of AI-driven Know Your Customer (KYC) risk screening and monitoring solutions, Intelligent Screening enables private banks and wealth managers to perform faster, more accurate, and cost-effective due diligence. This allows advisors to focus on decision-making rather than manual tasks.
Intelligent Meeting: Enhancing Client Interaction Efficiency
Intelligent Meeting is an AI-powered tool that automates meeting logistics, note-taking, action tracking, and follow-up workflows. This solution reduces administrative burdens, transforming the way advisors prepare for, track, and follow through on discussions with clients.
Equipped with intelligence from disparate systems, Intelligent Meeting enables advisors to focus on meaningful client interactions. A privacy-first AI assistant for financial advisors, Zocks, is a technology partner for Intelligent Meeting. This partnership ensures that the tool adheres to the highest standards of privacy and data security.
In summary, Intelligent Screening improves compliance and client risk monitoring by automating due diligence, while Intelligent Meeting enhances client interaction efficiency by automating meeting-related tasks. These new solutions from InvestCloud aim to deliver immense value for advisors and their clients, renewing the company's commitment to client excellence, integration, and innovation in its new strategic direction.
[1] Dan Bjerke, InvestCloud’s president of digital wealth, emphasized that these tools aim to overcome the challenges of disjointed systems and fragmented data that hinder optimal outcomes for advisors and clients. [3] The new solutions from InvestCloud aim to deliver immense value for advisors and their clients. [5] Dan Bjerke stated that these new solutions leverage data and AI to address disjointed systems and fragmented data challenges.
- In alignment with its strategic direction, ffnews.com reports that InvestCloud is integrating artificial-intelligence technologies into its wealth management solutions, such as the AI-driven Intelligent Screening for enhanced compliance and risk management, and the AI-powered Intelligent Meeting for more efficient client interactions.
- The new Intelligent Screening tool, a collaboration between InvestCloud and smartKYC, automates due diligence and risk monitoring, providing private banks and wealth managers with faster, more accurate, and cost-effective data screening solutions, thus improving overall finance and business operations.
