Marstone partners with American Bank & Trust to enhance wealth management capabilities


Marstone, a top-tier digital wealth technology firm, has entered into a partnership with American Bank & Trust, N.A., a community bank commanding $500m in assets.

Based in Davenport, IA, American Bank & Trust, a fully-owned subsidiary of AmBank Holdings, operates seven branches spread across Iowa and Illinois.

The partnership’s primary aim is to enhance American Bank & Trust’s wealth management capabilities, powered by Marstone’s Wealth Management-as-a-Service offering. The strategic collaboration will further expand and consolidate client relationships of the American Bank & Trust.

Marstone, with its mission to humanise finance, deepen financial inclusion, and boost financial literacy, offers a leading digital wealth management platform. Through their comprehensive integrations with account aggregation platforms, custodians such as Pershing, investment managers, and core banking platforms including Fiserv, they provide financial institutions the tools needed to affordably and efficiently reach, retain, and acquire clients.

On the other hand, American Bank & Trust has a five-decade legacy of offering a comprehensive suite of services such as cash management, consumer loans, personal banking, commercial banking, trust, private banking, residential mortgage loans, and wealth management.

With this partnership, their trust arm, managing over $300m in assets, will integrate Marstone’s Wealth Management-as-a-Service. This integration aims to enhance productivity, allowing the servicing of a greater number of retail bank customers and wealth management relationships.

Margaret J. Hartigan, co-founder and CEO of Marstone, remarked on their expanding roster of community banks nationwide, saying, “With American Bank & Trust, we’re able to quickly and seamlessly integrate our Wealth Management-as-a-Service offering into their services, delivering cost efficiencies and increased opportunities for revenue growth.”

Likewise, Jeff Rose, CEO and president, American Banking & Trust, echoed this sentiment, highlighting the importance of personalised service to their clientele and local businesses, “Partnering with Marstone will greatly add to our wealth management services and help us continue providing our community with best-in-class financial capabilities.”

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