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InvestCloud announced the rollout of Intelligent Screening and Intelligent Meeting, the first in a planned series of AI-enabled solutions aimed at improving advisor efficiency and enhancing client interactions. The company said the tools integrate technologies from smartKYC, a provider of AI-driven risk screening, and Zocks, a privacy-focused AI assistant for financial advisors.
Intelligent Screening automates due diligence during client onboarding and provides ongoing risk monitoring. InvestCloud said the system allows private banks and wealth managers to conduct faster and more accurate reviews across the client relationship, enabling advisors, relationship managers and compliance officers to focus on decision-making instead of manual research.
Intelligent Meeting is designed to automate meeting preparation, note-taking, action tracking and post-meeting workflows. The solution aggregates intelligence from multiple systems to help advisors concentrate on client engagement while reducing administrative work.
“Enabling advisors to work smarter across the full client lifecycle”
Dan Bjerke, President of Digital Wealth at InvestCloud, commented, “With this new generation of wealth solutions, starting with Intelligent Screening and Intelligent Meeting, we’re leveraging data and AI in new ways to address the disjointed systems and fragmented data challenges that are precluding optimal outcomes for advisors and their clients. smartKYC and Zocks share our commitment to creating a smarter financial future, and with them we are enabling advisors to work smarter across the full client lifecycle and to foster deeper more productive relationships.”
Mark Gilbert, Founder and CEO of Zocks, said, “Intelligent Meeting from InvestCloud will not only make meetings more efficient; it will make them more meaningful by equipping advisors with a clearer, more actionable understanding of each client.”
Dermot Corrigan, CEO of smartKYC, added, “The integration of smartKYC directly into Intelligent Screening from InvestCloud is designed to deliver a seamless onboarding experience for institutions that serve high-net-worth clients with complex structures, cross-border exposures and elevated risk profiles. This purpose-built solution reflects our shared commitment to innovation and client excellence.”
InvestCloud said the AI tools are supported by a unified wealth data model that powers workflows, insights and experiences across the wealth management ecosystem, while maintaining data privacy standards. The company positioned the launch as part of its strategic direction introduced in late 2024, focused on client excellence, integration and innovation.
InvestCloud named Josh Mayer as COO of APL-managed account business
InvestCloud recently named Josh Mayer as Chief Operating Officer of its APL-managed accounts business, a move the company said supports its expansion into unified public and private investment management. Mayer joins as InvestCloud scales its Private Markets Account (PMA), a first-of-its-kind solution enabling wealth managers to manage both private and public securities in a single managed account.
Mayer reports to APL President Cheryl Nash and brings more than 25 years of experience in wealth technology and enterprise platforms. He previously served as COO of Envestnet, where he helped guide the company through its IPO and led development of one of the industry’s largest fintech infrastructures.
The APL platform is the largest managed accounts infrastructure in the United States, powering over $3 trillion in assets across nearly 10 million accounts and approximately 4 million investment models. The platform supports unified managed accounts (UMA), separately managed accounts (SMA), and now InvestCloud’s Private Markets Account, which the company says enables integrated access to private market investments through the Private Markets Account Network.
