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InvestCloud acquires software firm to 'bridge adviser-client gap'


InvestCloud acquires software firm to bridge adviser-client gap
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Digital finance firm InvestCloud has acquired American-based cash flow, trust and tax financial planning provider Advicent.
Advicent, based in Milwaukee, Wisconsin and also the Netherlands, creates financial planning software solutions for financial advice firms through its NaviPlan platform. ....

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InvestCloud acquires Advicent and the NaviPlan platform


InvestCloud acquires Advicent and the NaviPlan platform
Strategic acquisition cements InvestCloud as the leader in financial planning technology, offering a unified digital experience across all wealth segments
LOS ANGELES, May 5, 2021 /PRNewswire/ InvestCloud, the global leader in cloud-based financial digital solutions, has announced a strategic acquisition of Advicent, the premier cash flow, trust and tax financial planning provider.
Advicent, a Vista Equity Partners portfolio company, provides financial planning technology for over 140,000 financial professionals across nearly 3,000 firms worldwide. Through its NaviPlan platform, Advicent creates scalable financial planning software through industry-leading APIs as well as cash flow and goal-based planning engines. It aims to help thousands of financial professionals and their clients understand and impact their financial future. Advicent s global headquarters are in Milwaukee, Wisconsin, and its European base is ....

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InvestCloud to acquire Advicent and Naviplan platform


InvestCloud to acquire Advicent and NaviPlan planning software
The acquisition follows the firm’s merger with Tegra118 that drove it to a $1 billion valuation. Market volatility has accelerated a focus on financial planning.
May 5, 2021
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Global technology platform InvestCloud announced Wednesday it is acquiring financial planning software developer Advicent and its NaviPlan platform in a move that could position the firm to rival wealthtech powerhouses like Envestnet. 
Terms of the deal were not disclosed. The acquisition comes as market volatility has accelerated a focus on financial planning a market worth $52.9 billion in the U.S. alone, and one that’s predicted to grow 3.5% in 2021, according to the announcement.  ....

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