WealthCloud, a US-based a technology company serving the wealth management industry, has renamed itself as WealthHub Solutions.
"The new name better reflects the company’s single platform where multiple applications come together and form the hub of trust administration," the company said in its press statement.
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WealthCloud CEO Richard Corl said: "Three plus decades of lagging technology improvement to assist this key part of the industry has left the industry far behind, the key reason why TrustHub has become a welcome award-winning player and leader in trust administration."
The company’s flagship product, TrustHub addresses the needs of trust administration in the wealth management space.
According to the company, $2 trillion is scheduled to transfer between generations in the next five years, this is the tip of the iceberg of the $50 trillion to transfer by 2050.
"Administering and complying with all the complex requirements around wealth and trusts makes TrustHub the key ingredient to any wealth management organization," the company added.
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