FIS and InvestCloud Launch AI-Powered Wealth Management Platform | LeapRate | Online Trading Industry News, Broker Intelligence & Fintech Analysis

FIS and InvestCloud have launched a long-term partnership to deliver an integrated digital wealth management solution, the companies said Thursday.

It is designed to give financial advisers and their clients a more connected and personalised experience, without requiring institutions to replace their existing technology infrastructure.

The new FIS digital wealth solution combines InvestCloud’s Adviser Workspace and Client Experience capabilities, which currently support trillions of dollars in wealth assets worldwide, with FIS’s core processing platforms. 

Together, they are said to create a single environment spanning adviser tools, client-facing digital experiences, and AI capabilities. Built-in data governance and AI safeguards are designed to ensure that client data is not stored or used to train models.

The solution is expected to address a growing challenge for financial institutions managing fragmented systems and disparate data sources, whilst clients increasingly expect the kind of seamless digital experience they receive from consumer applications. 

The platform supports mobile access, secure messaging, and account aggregation across trust, advisory, and externally held accounts, surfacing relevant insights and actions for advisers in real time.

FIS serves more than 600 financial institutions representing approximately $5.5 trillion in supported assets, spanning large banks, community and regional banks, private banks, trust companies, family offices, and registered investment advisers.

Jim Johnson, Co-President of Banking Solutions at FIS, stated: “With InvestCloud, we’re giving clients the flexibility to deliver an intelligent front office while continuing to rely on the FIS platforms that already power their operations.”

Jeff Yabuki, Chairman and Chief Executive of InvestCloud, said the partnership places “personalised, high-touch service” and human connection at the centre of wealth management at a time of transformative change.