Empaxis teams with InvestCloud to launch TAMP1
Back-office outsourcing firm, Empaxis, has joined forces with InvestCloud to launch a new Turnkey Asset Management Platform (TAMP) for small to medium-sized investment managers, reports Jane Connolly.
TAMP1 combines InvestCloud’s digital platform with Empaxis’ mature back office TAMP, to help smaller asset managers and advisory practices cut down on operational costs.
Implementation takes just weeks, compared to the more typical year-long migration timeline and uniquely, InvestCloud’s Digital Warehouse allows clients to maintain all of their historical data. 
InvestCloud’s digital apps include client and advisor portals, digital onboarding and digital advice (select and robo). The platform also offers goals-based financial planning, Open CRM, portfolio accounting, billing and reconciliation.
John Wise, co-founder, CEO and chairman at InvestCloud, says the real-time, scalable TAMP1 will address many clients’ needs without the high costs of traditional development.
He adds: “TAMP service providers all too often are ‘old think’ – they rely on legacy technology, where they keep reselling the same product to as many as possible, without much concern for individual needs. They fail to integrate with the latest technology and therefore create terrible user experiences. TAMP1 is a ‘new think’ in this space – a game changer for small managers and industry at large.”
TAMPs provide a fully outsourced solution, alleviating operational issues and costs such as hosting and data centre fees.
