The APL managed accounts platform of the wealthtech firm powers more than $3 trillion of assets across almost 10 million accounts.

InvestCloud, a wealthtech firm, has appointed former Envestnet COO Josh Mayer (pictured) as chief operating officer in its APL managed accounts platform team. In this newly-formed role, he reports to APL president Cheryl Nash.

Mayer will drive expansion and innovation in APL’s offerings, including delivery of its new Private Markets Account™ (PMA) for managing public and private assets from a single, unified managed account on the InvestCloud APL platform.

The APL managed accounts platform powers more than $3 trillion of assets across nearly 10 million accounts.

Mayer, who has worked in business and wealthtech leadership roles for a quarter of a century, was most recently COO of Envestnet.

“The expansion of our leadership team marks a major milestone for the APL business as we continue to shape the future of managed accounts,” Nash said. 

“Josh brings deep industry knowledge, expertise, and experience to InvestCloud at a time when we are uniquely positioned to lead a new era of investing,” Nash added.