Collaboration aims to enhance client engagement and streamline advisory services through innovative technology solutions

InvestCloud, a global leader in wealth technology and First American Bank (FAB), a regional financial institution with $7 billion in assets under management and 61 locations across Illinois, Wisconsin, and Florida, announced a strategic partnership to modernize FAB’s digital wealth management platform. This collaboration aims to significantly enhance client engagement by providing clients, prospects, wealth advisors, and relationship managers with a unified technology platform offering tailored insights and comprehensive support.

As part of this initiative, FAB is adopting a suite of innovative products designed to optimize the digital experience, including InvestCloud’s Client Experience, Prospect Experience, and Advisor Experience. Currently operating on a technology stack with multiple systems, FAB recognized the need to provide its clients and advisors with a unified and modern platform. Integrating with InvestCloud will transform the digital experience by consolidating investment data, reporting, and documents into one intuitive experience. The new platform will feature connected technology, making it mobile-friendly and allowing clients to engage with their financial information anytime, anywhere.

“We are excited to partner with First American Bank to transform their digital wealth management capabilities,” said Kapin Vora, President, Digital Wealth North America at InvestCloud. “This collaboration reflects our commitment to driving innovation in the banking sector, enabling advisors and clients to engage with their financial data seamlessly while enhancing the overall client experience.”

FAB’s decision to modernize its wealth management platform reflects its commitment to investing in digital experiences that resonate with its advisors and clients. This strategic move underscores the bank’s dedication to enhancing customer engagement and ensures clients benefit from modern technology and innovative solutions. By delivering on a seamless and intuitive interface, FAB aims to meet the evolving needs of its clientele, fostering deeper relationships and encouraging a more personalized approach to wealth management. Such modernization positions FAB as a leader in the financial services industry and aligns with its goal of delivering exceptional value to its customers with inspired experiences.

"We are thrilled to announce our partnership with InvestCloud, a strategic move that will significantly elevate our wealth management services," said Jane Nagel, the bank’s Head of Wealth Management. "This innovative digital platform represents a substantial investment in cutting-edge technology and underscores our unwavering commitment to delivering an exceptional and personalized wealth management experience. We are dedicated to empowering our clients with the tools and resources they need to achieve their financial goals.”

InvestCloud powers connected experiences through human-inspired, technology-forward platforms that enable their partners and clients to work smarter, enrich relationships, and elevate financial outcomes. With its expertise in creating a Wealth Connected™ ecosystem, InvestCloud will help First American Bank distinguish itself from competitors and strengthen its position as a leader in digital wealth management.

About InvestCloud

InvestCloud, a global leader in wealth technology, aspires to enable a smarter financial future. Driving the digital transformation of the wealth management industry, the company serves a broad array of clients globally, including Wealth and Asset Managers, Wirehouses, Banks, RIAs, and Insurers. In terms of scale, the company’s clients represent more than 40 percent of the $132 trillion of total assets globally. As a leader in delivering personalization and scale across advisory programs, including unified managed accounts (UMA) and separately managed accounts (SMA), the company is committed to the success of its clients. By equipping and enabling advisers and their clients with connected technology, enhanced intelligence, and inspired experiences, InvestCloud delivers leading digital wealth management and financial planning solutions, complemented by a dynamic data warehouse, which scale across the complete wealth continuum. In 2024, InvestCloud was named a CNBC World’s Top Fintech Company, a proof point of the company’s commitment to innovation and client success. Headquartered in the United States, InvestCloud serves clients around the world.

InvestCloud.com | LinkedIn

About First American Bank

First American Bank is a full-service bank with $7 billion in assets and 61 branches and offices serving Chicago, Milwaukee, Miami, and Tampa. They are committed to creating solutions, providing exceptional customer service, and providing unmatched expertise in commercial banking, wealth advisory, and personal finance solutions.

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