The office general manager will be Carlsbad-based Scott Gruchot.

InvestCloud, the digital solutions platform for financial services for wealth mangers, has opened a new office in Carlsbad, California. 

The office will provide its full suite of services to InvestCloud clients, as well as focus on driving further development on its trading, accounting and middle-office workflow solutions. InvestCloud’s Carlsbad office is its eighth globally and third in California, the firm said in a statement yesterday. 

The office general manager will be Carlsbad-based Scott Gruchot. Prior to this, Gruchot spent more than 20 years in fintech as a senior tech executive and consultant. He was recently senior vice president of client and professional services at Fiserv.

The InvestCloud Carlsbad office supports 175 clients who have chosen to outsource some or all of their back office processes. These clients range from small RIA’s to institutional clients with $20 billion in assets under management. 

Its headquarters are based at the Pacific Design Center in Los Angeles. Other offices in North America, include New York, San Francisco, Tampa and Toronto. The firm’s European headquarters are in London, UK. The firm also has offices in Bengaluru, India.