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InvestCloud Announces New Acquisition of Advicent and the NaviPlan platform

Banking CIO Outlook | Monday, May 24, 2021

InvestCloud is a global company that specializes in digital platforms that support the creation of pre-integrated financial solutions in the Cloud. It manages more than $4 trillion in assets for over 500 direct clients, including some of the world's largest banks.

FREMONT, CA: InvestCloud, the global leader in cloud-based financial digital solutions, has declared a strategic acquisition of Advicent, the premier cash flow, trust, and tax financial planning provider.

Advicent, a Vista Equity Partners portfolio company, offers financial planning technology to more than 140,000 financial practitioners in over 3,000 companies around the world. Advicent develops flexible financial planning tools through its NaviPlan platform, which includes industry-leading APIs as well as cash flow and goal-based planning engines. Its goal is to assist thousands of financial professionals and their clients in understanding and to influence their financial future. Advicent's global headquarters are in Milwaukee, Wisconsin, and the company's European headquarters are in the Netherlands.

InvestCloud is a global company that specializes in digital platforms that support the creation of pre-integrated financial solutions in the Cloud. It manages more than $4 trillion in assets for over 500 direct clients, including some of the world's largest banks. To build powerful goods, the company provides on-demand client experiences and intuitive operations solutions through an ever-expanding library of modular applications.

The acquisition would result in the development of the world's leading financial planning solution. This is accomplished by integrating Advicent's cash flow, confidence, and tax financial planning engines with InvestCloud's digital client and advisor platform and existing market-leading goal-based financial planning engines to bridge the advisor-client contact gap.

The acquisition comes at a time when market uncertainty has heightened interest in financial planning – a market worth $52.9 billion in the US alone and expected to rise 3.5 percent in 2021. Advisors must have linked experiences for their clients in order to allow seamless alignment from financial plans to proposals and then to implementation. The acquisition will provide advisors with a full-service streamlined network to accomplish this, as well as client management and ongoing maintenance functions. It will have an all-encompassing digital experience through an advisor's entire book of business, from mass affluent to ultra-high-net-worth individuals.

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