Wealth manager FCI Advisors is implementing InvestCloud's digital platform to digitize client engagement.
FCI will use InvestCloud to digitize services and engagement for its high-net-worth and institutional clients.
FCI Advisors has been using InvestCloud’s document storage apps since 2014. The wealth manager has now added new functionality from InvestCloud to give clients the ability to interact with their wealth in more ways online. It allows them to monitor allocations, securities and transactions, and to review performance.
The client portal also stores relevant documents and provides news content so clients can access information in one place.
FCI Advisors marketing and communications vice president Rachel Stewart said: “Digital isn’t just for the latest generation of investors – many clients are already looking for new ways to interact with their wealth. This is what the InvestCloud digital platform does for us – allowing us to serve today’s investors and give them the tools they need while also providing for the next generation of clients. It allows us to further our mission to counsel investors, steward their assets and create peace of mind.”
The digital platform is powered by the InvestCloud Digital Warehouse. Going beyond simple information storage, the Digital Warehouse aggregates data from multiple systems and custodians and integrates it into meaningful information that is securely stored. This includes external news and social media sources, alongside market and portfolio data.
Founded in 1966 and headquartered in Overland Park, Kansas, FCI Advisors is a registered investment adviser with more than $8.1 billion in assets under management. It provides financial advice and investment management for institutions and high-net-worth private investors.
InvestCloud co-founder, CEO and chairman John Wise said: “There is a desperate need for the wealth industry to go digital. Wealth managers are being fired by more than two-thirds of millennials who inherit wealth, and more than 70 percent of investors are interested in a digital platform for investing. This isn’t a future problem: this is an issue that is already threatening the bottom line for wealth managers.”
Wise added: “We are proud to work with forward-thinking firms such as FCI Advisors. By combining their long heritage and expertise in financial advice with an intuitive, involved and individual digital platform, they are leading the way in building better relationships with their clients and delivering superior performance.”
Source: Company Press Release