WealthStack Roundup: Cheryl Nash Returns to Lead Role at APL


InvestCloud, which announced a brand redesignamong other things, earlier this week, it added some news to people that will interest industry advisors for a long time.

According to her LinkedIn profileCheryl Nash has returned to the role of president of APL at Investcloud. She had previously served this function as president of investment services at Fiserv from late 2011 to 2020 when the private equity firm Motive Partners took a majority stake in the business and then its final move to the InvestCloud brand.

Nash had served as InvestCloud's chief client officer for the past year and a half.

Envestnet makes the Franklin Templeton Canvas available on its platform

Global investment manager Franklin Templeton this week announced the first part of its part of an expanded partnership with Envestnet to offer customized tax-managed strategies at scale through its Canvas Custom Indexing platform.

Canvas will be available to Envestnet's broad customer base of RIAs and wealth management firms.

Franklin Templeton acquired quantitative-based money management firm O'Shaughnessy Asset Management and its Canvas platform in 2021 to help the firm secure and develop direct indexing in his tech stack.

Envestnet first announced the general terms of the partnerships in Junewhich included BlackRock, Fidelity, Franklin Templeton and State Street Global Advisers; additional details emerged in September.

Orion brings Brinker's managed equity group ETFs to its platforms

Orion announced this week the launch of a new set of ETF portfolios using Capital Group ETFs. Brinker Capital manages the portfolios, which are available exclusively on the Orion Portfolio Solutions and Brinker platforms.

According to the announcement, this marks the introduction of one of the first models using only Capital Group ETFs.

Capital Group's actively managed ETFs have a minimum investment of just $5,000.

Brinker Capital merged with Orion Advisor Solutions in 2020.

SS&C Expands Deal Distribution Alternative Investment Data Service

SS&C announced this week that it is expanding the distribution of Accord, its AI-enabled service to help wealth managers and advisors aggregate and validate their clients' alternative investment data.

The service is powered by proprietary technology and leverages SS&C's wealth management and alternative investment fund administration expertise to help advisors aggregate and process data aggregated across their investors' portfolios.

This end-to-end service is managed by a dedicated account team and uses a combination of automation and human experts. The service monitors the relevant correspondence of the end customer's alternative investments and uses natural language processing and large language models to extract relevant data points for further processing. It also reviews document collection and data extraction for completeness and accuracy and can send it to downstream reporting systems.



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