InvestCloud acquires Nutmeg provider Babel

InvestCloud, known for its Programs Writing Programs technology, provides wealth managers with client portals, mobility and adviser portals. The firm also enables allocators and managers of multi-asset class, multi-strategy portfolios with "powerful and robust tools" for data aggregation, performance analytics and operational efficiencies  The firm described Babel as the "most modern trade and account platform in the market". InvestCloud has more than 660 clients with accounting needs that are currently served by last-century legacy accounting systems. InvestCloud said this latest acq...