Why AdviceCloud?

AdviceCloud is almost here! Financial Advisors and their teams can get more from their tech stack with AdviceCloud. How? I'm glad you asked!

From our experience in the fintech and wealthtech space, we have seen two major approaches for building a Financial Advice tech stack. The first is the all-in-one approach whereby you work with a single software vendor that provides all your financial planning, CRM, trading, reporting, billing, etc. This way all your data is stored in one place. The downside of course is that maybe you don't like the financial planning offering from that vendor or the CRM is very limited. It's kind of like the 3-in-1 shampoo/conditioner/body wash - it might be easy to use, but is it really doing all that you need thoroughly?

The second approach is to build your tech stack using the best-in-breed vendors. The firm will select software providers in each domain that most resonates with their practice. The benefit is that you get to use the tools that you prefer, but the downside is that to be most effective you need to consolidate all that data across platforms. Also, new software is coming out continuously and integrating new vendors can be a real paid. You got into the business to serve clients, but instead you are cleaning and mapping data all the time!

We created AdviceCloud to improve these choices for Financial Advice firms. AdviceCloud enables you to use best-in-breed tools for CRM, financial planning, and other domains while keeping the data sync'd and visible in a single location - AdviceCloud! You can now consolidate your data together in our application for greater visibility and insights into your clients, team, and operations. We do the hard work of keeping data mapped across applications and we integrate with new vendors all the time.

The upshot is that your team can use their preferred, best-in-breed tools and AdviceCloud consolidates all the data into a single, easy to use platform.  

AdviceCloud achieves this by combining your custodial, CRM, and client data together in order to highlight the key information that matters to you. Worried about all your historical data currently in your portfolio accounting system? Have no fear! We can import historical data so you don't skip a beat in AdviceCloud.

One of the most exciting features is that now with all of your information in a single place, your day-to-day operations become much richer. AdviceCloud has native features like trading/rebalancing, cash management, billing, and reporting. Those run more effectively and efficiently when you have CRM, custodial, and financial planning information all in context. AdviceCloud empowers you and your team to accomplish everything needed in one place, using the tools you prefer!

Please check out our homepage for more information about what AdviceCloud has to offer. You can sign up for our waitlist to receive notifications about upcoming launch announcements and product demos. We are excited to show you what we have in store.