News, Vision & Voice for the Advisory Community


InvestCloud hires a Goldman Sachs IPO expert as president while CEO search goes on, as does the search for a 'vision' and 'way forward' after purge of seven top execs in April

With $6.5 trillion of AUA, but only $360 million of revenues, the PE owners, with $2.5 billion invested, are dismantling InvestCloud and putting it back together -- with eye on resale to the public.

Author Oisin Breen August 1, 2023 at 9:53 PM
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Heather Bellini: I look forward to building on everything the team has accomplished.
Brooke Southall and Keith Girard contributed to the editing of this article.

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Pete Giza

Pete Giza

August 2, 2023 — 3:48 AM
"$6.5 trillion of assets on behalf of 550 RIAs, broker-dealers, family offices, banks and other large financial institutions..." Broken up across how many different acquisitions? Acquisitions whose platforms are not integrated. Legacy cash cow platforms that may never be integrated. Perhaps the best way to realign value is to unwind the company. I find it hard to imagine an IPO in the next 24 months by any healthy company let alone Investcloud. After listening to fellow consultants complaints, InvestCloud's reputation for implementation and integration leaves a lot to be desired. There are significant gaps in their "stack" including trading & rebalancing. Ms. Bellini has mountainous task ahead and it will be interesting to watch the direction this goes. Pete Giza | peter.giza@spitbrook.com | 603 396 8355

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