US Expat Clients Of Wealth Manager Get Helping Hand From InvestCloud

Tom Burroughes

28 April 2017

to deliver customer reporting and communication capabilities.

The wealth manager, set up in 2008, will also use the firm's "Digital Warehouse", which pulls together data form systems and custodians, and storing it securely. This information includes external news and social media sources, alongside market and portfolio data. It also provides apps for real-time analytics, InvestCloud said in a statement.

Founded by Joshua Matthews and James Sellon, MASECO today oversees more than $1.2 billion of assets, and its birth was part of a trend of advisors seeking to help expat US citizens and Green Card holders who have increasingly struggled to get access to foreign financial organizations because of US extra-territorial tax collection rules, such as the FATCA legislation enacted in recent years.

“We deal with complex situations and our clients’ needs are demanding, requiring custody of assets to be managed on multiple platforms. So, we sought a solution that served our business but would also assist client engagement and give each client a clear picture of all their assets. InvestCloud will allow us to do this with ease and flexibility," Matthews said.
Headquartered in Los Angeles, InvestCloud supports over $1.7 trillion of assets across 670 institutional customers.