Digital transformation platform InvestCloud will help Netherlands-based bank Rabobank provide its customers, both private and retail clients, with digital financial planning tools.
As part of the partnership, Rabobank clients will be able to create highly customisable life plans, allowing advisors to guide their clients to achieve their financial goals without needing to create time-intensive and costly proposals.
Intelligent goal-based financial planning provides clients with a roadmap to achieve their individual life milestones, from early retirement, a child’s education, world travel or a custom goal. Key features include pension data integration, feasibility calculations and graphs, and automated recommendations for savings, investing and annuity savings.
The InvestCloud X platform offers end-to-end digitalisation of wealth, including digital communication, digital planning, and more.
InvestCloud CEO John Wise said, “Rabobank shares our belief that everyone should have access to a financial plan, no matter their level of income.
“We’re thrilled to be partnering with them, helping further their bold ambitions to digitize client services and support millions in the Netherlands to better plan and invest in their futures and to achieve their life goals.”
Last year, InvestCloud acquired Advicent, a provider of cash flow, trust and tax financial planning. The acquisition was aimed at expanding its offering and cementing its capabilities.
In other WealthTech news, open data and payments platform Moneyhub recently partnered with financial planning and banking app Pennyworth, to redesign digital banking for the aspiring-affluent customer.
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