InvestCloud to acquire Advicent and Naviplan platform

InvestCloud to acquire Advicent and NaviPlan planning software
The acquisition follows the firm’s merger with Tegra118 that drove it to a $1 billion valuation. Market volatility has accelerated a focus on financial planning.
May 5, 2021
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Global technology platform InvestCloud announced Wednesday it is acquiring financial planning software developer Advicent and its NaviPlan platform in a move that could position the firm to rival wealthtech powerhouses like Envestnet. 
Terms of the deal were not disclosed. The acquisition comes as market volatility has accelerated a focus on financial planning — a market worth $52.9 billion in the U.S. alone, and one that’s predicted to grow 3.5% in 2021, according to the announcement. 

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