InvestCloud, which announced a brand re-design, among other things, earlier this week, has added some people news that will interest long-time industry advisors.
According to her LinkedIn profile, Cheryl Nash has returned to the role of president of APL at Investcloud. She had previously served this function as president of investment services at Fiserv from late 2011 until 2020 when private equity firm Motive Partners took a majority stake in the business and then its ultimate move to the InvestCloud brand.
Nash had served as InvestCloud’s chief customer executive for the last year and a half.
Envestnet Makes Franklin Templeton Canvas Available On Its Platform
The global investment manager Franklin Templeton announced this week the first portion of its part of an expanded partnership with Envestnet to deliver tax-managed, personalized strategies at scale through its Canvas Custom Indexing platform.
Canvas will be available to Envestnet’s extensive client base of RIA and wealth management firms.
Franklin Templeton acquired quant-based money management firm O’Shaughnessy Asset Management and its Canvas platform in 2021 to help the firm provide and develop direct indexing into its tech stack.
Envestnet first announced the general terms of the partnerships in June, which included BlackRock, Fidelity, Franklin Templeton and State Street Global Advisers; additional details came out in September.
Orion Brings Brinker-Managed Capital Group ETFs To Its Platforms
Orion announced this week the launch of a new suite of ETF portfolios using Capital Group ETFs. Brinker Capital manages the portfolios, which are available exclusively on the Orion Portfolio Solutions and Brinker platforms.
According to the announcement, this marks the introduction of one of the first models using only Capital Group ETFs.
The actively managed Capital Group ETF models have a minimum investment of just $5,000.
Brinker Capital merged with Orion Advisor Solutions in 2020.
SS&C Broadens Rollout Of Accord Alternative Investment Data Service
SS&C announced this week that it is broadening the rollout of Accord, its AI-enabled service for helping wealth managers and advisors aggregate and validate their customers’ alternative investment data.
The service is powered by proprietary technology and uses SS&C’s wealth management and alternative investment fund administration expertise to help advisors aggregate and process siloed data across their investors’ portfolios.
This end-to-end service is managed by a dedicated account team and uses a combination of automation and human experts. The service monitors relevant end-client alternative investments correspondence and uses natural language processing and large language models to extract relevant data points for further processing. It also reviews document aggregation and data extractions for completeness and accuracy and can send them to downstream reporting systems.
