Already serving some of the world’s largest financial services firms as well as some of the largest employee benefit providers, the merged company, Innovest ASI, will offer its clients the strength of a next-generation trust and wealth management technology platform tightly integrated with ASI’s industry-leading disbursement services. The result will allow customers to focus on their own growth with improved functionality and service delivered by the combined companies.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Innovest currently has more than $400 billion in assets on its technology platform and more than 4 million client transactions processed monthly. "As our clients have grown, we’ve grown with them," said William Thomas, CEO of Innovest, who will be the CEO of the combined company. "Thirteen years ago, Innovest released its software for trust and wealth management and over the years has refined it to produce a modern-era platform that offers a unique combination of strength, flexibility and compatibility."
"ASI has been a payment and disbursement leader for nearly 40 years because we’ve continued to invest in advanced technologies to solve our client’s challenges," said Robert Hickman, CEO of ASI. "Joining forces with Innovest, a company that continuously enhances its platform, will allow us to continue investing in the next-generation of payment solutions." Post-merger, Mr. Hickman will continue to manage ASI’s business unit.
ASI currently prepares and supports over $24 billion in disbursements annually and tax reporting for 150,000 accounts and 1.2 million plan participants with an unmatched focus on accuracy and on-time delivery.
"Both firms share numerous clients and serve many of the same markets. The merger will improve product and service delivery and ultimately create a stronger organization that can serve clients more effectively," said Mr. Thomas. "Synergy is an oft-overused word, but this is a real case where the combination of technology and human resources serving essentially the same customer base will create a sum bigger than the two parts."
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
