Oppenheimer & Co. Inc. and InvestCloud Alliance Aims to Strategically Improve Financial Growth

Leading investment bank and wealth manager Oppenheimer & Co. Inc. has just announced a strategic alliance with California-based Fintech InvestCloud. The collaboration will accelerate the growth of its digital platform for financial advisors, professionals, and clients.

Yisela Alvarez Trentini
3 min readOct 9, 2020

A new digital portal and advisor is being developed for Oppenheimer’s Private Client Division. This web-based portal will be designed and built by InvestCloud, integrating Oppenheimer’s existing infrastructure with a robust suite of end-to-end digital tools.

The portal will enable financial advisors and professionals working for Oppenheimer to serve clients anywhere throughout the complete journey of onboarding, recruiting and prospect transitioning, and business growth.

Beginning with engaging with (usually under-considered) prospects, clients will now be able to receive intuitive and individual experiences from the very first time they use the company’s services.


InvestCloud is one of the top digital platforms for financial services, wealth, and asset management. The platform uses modular, easily deployable applications that help users gain higher returns and carry out effective and efficient financial planning.

The InvestCloud platform creates custom solutions designed to offer knowledge about investment options to users and supports over $2 trillion of assets for over 750 diverse institutional customers. Their platform covers Client Communications (Client Portals and Reports), Client Management (Advisor Portals and CRM), Digital Warehousing, Data Analytics, and Accounting.

Their customer segments include wealth managers, financial platforms, institutional investors, family offices, asset managers, asset services companies, and banks. InvestCloud has won several awards, including Outstanding Achievement in Platform Innovation 2017, Best Company in Los Angeles 2019, and Best Professional Development 2020.


Oppenheimer & Co. Inc. offers advice and access to a broad range of traditional and non-traditional investment products and services throughout 93 branches across the US. The company has been providing clients with innovative, customized financial expertise and insight for over 130 years.

This leading global full-service brokerage and investment bank takes pride in offering tailored strategies for high-net-worth individuals, families, corporate executives, charities, businesses, and institutions.

Oppenheimer recently completed its implementation of AdvisorWorks, a proprietary customer relationship management (CRM) platform that serves as a landing site for their suite of advisor applications. The firm had previously worked with a portfolio management platform for advisors called Passport, as well as an electronic signature and document management platform that is completely cloud-based.

Oppenheimer & Co. Inc. is a subsidiary of Oppenheimer Holdings (NYSE: OPY). As of June 2020, the company had 1,029 financial professionals and $89.7 billion in client assets under administration.

The Alliance

The new financial advisor and client portal will enhance Oppenheimer’s ability to deliver solutions throughout the complete customer journey.

InvestCloud has a set of unique Prospect and Digital Client Onboarding apps that act as a personalized hub where clients can learn and engage with advisors before becoming a client. This removes some of the pain associated with the onboarding process, which can usually take months as prospective clients go through compliance and anti-money laundering regulations.

Once they’ve gone through the initial process, clients will be able to progress into InvestCloud’s Digital Client Onboarding Solution, where they can open accounts. One of the advantages of InvestCloud is that it integrates prospect data gathered through its multi-question, multi-answer system. This data will allow Oppenheimer to automatically offer proposals and onboarding experiences that are completely tailored to an individual user.

The alliance between InvestCloud and Oppenheimer will provide an automated, intuitive interface that can improve the complete wealth management experience for both clients and advisors.

It’s expected that both companies will greatly benefit from smoother onboarding and follow-up processes, and continue their growth throughout the coming years.

This article was originally published in Startup Savant on September 22, 2020. Link: https://startupsavant.com/news/oppenheimer-alliance



Yisela Alvarez Trentini

Anthropologist & User Experience Designer. I write about science and technology. Robot whisperer. VR enthusiast. Gamer. @yisela_at www.yisela.com