The technology firm is targeting US wealth managers that want to modernize investment technology without replacing the core systems they already run.

Avaloq has entered the US market with the launch of Avaloq Mosaic, a modular platform that connects investment data and portfolio processes across wealth managers’ existing systems.

The platform debuts in the US with two capabilities. In the first case, Portfolio IQ consolidates holdings, transactions and portfolio information across multiple accounts, custodians and other sources into a real-time view. Second, Allocator translates investment strategies into portfolios across large client books, supporting portfolio construction, personalization and ongoing management.

Avaloq, based in Zurich, is part of Japan’s NEC Corporation, which acquired the firm in 2020. It supports more than 170 financial institutions globally and reinvests 20 per cent of its software revenue in research and development.

The broader Mosaic suite also includes Agent Connect, which gives firms’ AI tools governed access to verified investment data. Avaloq plans to add more modules: Tax, for tax-aware investment management; Asset Servicing, for position keeping and securities-event administration; and Lending, for margin and securities-backed lending decisions. The platform is cloud-native and API-first.

Avaloq Mosaic targets a common problem among US firms. Many run technology stacks assembled over years of growth and acquisitions, which can make it harder to personalize portfolios at scale, respond quickly to market moves and adopt AI-enabled operating models.

“The opportunity for firms is to connect investment data with processes they already have, so they can modernize where it creates the greatest business impact,” said Suzzanna Gill, president of Avaloq US.

Gill leads a new US team that includes Joel Lewis, managing director for the US region, whose background spans self-directed brokerage, scaled advisory and full-service wealth management.

Avaloq is entering a busy market. US wealth managers are already served by established platform providers including Envestnet, Orion Advisor Solutions and SS&C Technologies, while Addepar is prominent in data aggregation.