FIS, InvestCloud Launch Digital Wealth Push for 600 Institutions, Starting With 6 Clients in July
Updated
Updated · Financial Planning · May 21
FIS, InvestCloud Launch Digital Wealth Push for 600 Institutions, Starting With 6 Clients in July
8 articles · Updated · Financial Planning · May 21
July will mark the first rollout of FIS and InvestCloud’s joint digital wealth services to six shared clients, combining FIS’ back-end wealth systems with InvestCloud’s client-facing mobile and advisory tools.
About 600 institutions use FIS’ wealth-management business, and roughly half run its recordkeeping platform—the initial target market as banks and advisors seek consumer-grade, mobile-first experiences for younger investors.
Cerulli data cited by the firms shows technology is a retention issue: just over half of bank and trust advisors called it somewhat important when comparing employers, and nearly 30% said it was very important.
Banks are also using wealth platforms to reduce reliance on loan-driven interest income and make client assets stickier, while AI alerts and shared data aim to connect banking events—such as large deposits or loan payoffs—to wealth advice.
As AI automates advisor tasks, what is the future of human financial advice?
When AI unifies financial data, who is ultimately responsible for protecting it?
Can a digital 'facelift' on legacy systems truly capture the $124 trillion wealth transfer?