CONSHOHOCKEN, Pa.--(BUSINESS WIRE)--WealthCloud, LLC ("WealthCloud"), a cloud-based computing platform mounted on Salesforce, today announced that it has closed a favorable seven-figure strategic investment targeted to accelerated growth. Terms of the investment were not disclosed. WealthCloud, a privately-held company, founded in 2013, with offices located in the Philadelphia suburb of Conshohocken, PA, provides users with a single platform that integrates multiple applications to effectively and efficiently manage all their day-to-day responsibilities in the wealth management industry.
WealthCloud’s growth strategy, supported by Salesforce, is to expand its presence in the wealth management marketplace, especially directed toward trust companies, estate attorneys, banks, Registered Investment Advisors and family offices.
“The world has gone digital, and digital has become the new wealth management industry mandate to meet client expectations,” said C. Richard Corl, CEO of WealthCloud. Key benefits of the platform include an integrated experience that promotes client confidence, reduces potential client flight risk and increases productivity and profitability. Regardless of age, wealth level, geography or need for advice, high net worth individuals are demanding digital capability from the wealth management industry and two-thirds would consider an alternative provider by leaving their current wealth management firm if an integrated experience is not provided. WealthCloud is an innovative trust and investment administration solution breaking the existing paradigm, where old legacy back office outdated systems are dinosaurs. WealthCloud has redefined the paradigm shift in wealth management operations, changing the way wealth management organizations will operate going forward.
About WealthCloud, LLC
WealthCloud, LLC is a technology company serving the wealth management industry consisting of trust companies, multi-family offices, Registered Investment Advisors, banks, law firms and others in businesses who administer trusts and wealth for high net worth individuals. The company’s unique Salesforce based cloud-computing platform provides users with a centralized portal with all of the necessary applications and tools to effectively and efficiently manage all of their day-to-day responsibilities in one environment. These integrated capabilities include daily workflows, compliance review infrastructure, performance reporting, customer relationship management, document management and custodian agnostic aggregated investment accounting. The company markets its platform of services directly as well as through channel partners and media technologies to the identified market sectors, defined above. To be successful in the current wealth management climate, advisory productivity needs to greatly improve while reducing back-office costs. The company’s fully integrated platform is leading the wealth management industry shift towards this new paradigm of enhanced and transparent client services and their data.
WealthCloud, LLC executive offices are located at Two Tower Bridge, One Fayette St. Conshohocken, PA 19428. Telephone: 610.915.2120 http://www.wealthcloud.com
