The latest news on digital product and service offerings in wealth management.

RBC
RBC Wealth Management US is partnering with Envestnet, an operating system for wealth managers in North America, to give advisors a complete view of clients’ financial situations.
 
The wealth management firm has also rolled out RBC Unified Portfolio, an enhanced unified managed account through which clients can add fixed income solutions and more than 200 strategist portfolios to the mutual funds and exchange-traded funds already in their accounts.

"Over the past year, we've been focused on investing in technology and tools that strengthen the advisor-client relationship," said Ann Senne, head of RBC Wealth Management's advice and solutions group. "This new, state-of-the-art advisory infrastructure will help maximize the benefits of those previous investments and future ones as well.

InvestCloud
InvestCloud, the Los Angeles-headquartered fintech, has bought UK firm rplan for $0 million, which provides technology so that clients can check their financial affairs over different digital channels.

The UK firm is described as a “provider of client engagement technology to support bespoke investment propositions for web and mobile”. Clients include four of the top eight institutional asset managers in the world.

"The success of rplan's solution is indicative of a changing institutional asset management industry. In the UK, D2C [direct-to-consumer] has been popular for several years, and hence more common as a channel. In the US, fund managers have been traditionally concerned about channel conflict. But the success of Vanguard with significant inflows is changing the landscape and the approach of other US fund managers,” John Wise, chairman and chief executive of InvestCloud, said.

"Institutional asset management is an important and growing segment for InvestCloud. The writing is on the wall: asset managers are trending toward multi-channel financial distribution that includes D2C solutions,” he said. 

InvestCloud’s platform supports more than 1.7 trillion of assets for clients ranging from family offices, banks, institutional asset managers and service companies.

Value Partners Investments
US-based Value Partners Investments has chosen to join the Nest Wealth Pro platform, a North American digital wealth solution provider.

Value Partners will now be able to provide its clients the information they need through a Nest Wealth’s portal. 

Advisors will have the digital tools to give a range of offerings to their clients, including onboarding. The firm are hoping the platform will allow advisors to spend more time “building stronger relationships and pursuing prospects”.

Founded in 2005, Value Partners is a Winnipeg-based investment firm with more than $2.5 billion in assets under management. It oversees six mutual funds and provides investment counsel services directly to clients.