California-based fintech firm InvestCloud has launched a new solution, dubbed Emerald, for robo advisers and hybrid wealth managers.

The new offering aims to provide robo advisers and hybrid wealth managers with an end-to-end solution for portfolio management, trading, accounting, payments and fee management.

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InvestCloud said that the solution incorporates investment book of record (IBOR), accounting book of record (ABOR) and settlement book of record (SBOR) modules into an integrated, full-stack solution. It also uses InvestCloud’s Digital Warehouse to enable a single version of the integrated truth.

All Emerald functionalities are available either as a complete solution, or as standalone apps, it added.

InvestCloud co-founder and CEO John Wise said: “Emerald gives Robos looking to run their back office and wealth managers needing to integrate digital capabilities a system that works seamlessly with existing processes.

“Across multi-asset-class, multi-currency investments, Emerald leverages our unique API-based approach and leading Digital Warehouse, which means all Robo-Advisors can have access to a powerful and highly modular automated processing platform.

“Whether a startup Robo, or a new hybrid service from an established wealth manager or bank, the challenge wealth firms face is integrating traditional standalone back-office systems with trading and portfolio management operations. Emerald eliminates these issues, bringing all functions together in an out-of-the-box solution – providing a single version of the integrated truth.”