Invessence, a US-based financial technology company, has unveiled a new investment management platform for financial planners and advisors.
The new platform will automate the client on-boarding, portfolio construction, and rebalancing process into a streamlined end-to-end solution.
Invessence said that it will work with advisors that provide a holistic approach to wealth management that includes financial planning, investments, retirement, insurance, tax, estate, and credit management.
Jigar Vyas, president of Invessence, said: "Our goal is not to replace the human interaction but leverage technology to advise, manage, and service investors who want next-generation investment management from their advisors."
Christopher Lengle, chief business strategist at Invessence, said: "Invessence not only sees opportunity working with investment advisors and financial planners but is exploring partnerships with larger financial institutions, including banks and brokerage firms. The new technology is a powerful tool that is driving costs out of the investment equation and benefiting the end consumer."