The Conifer Group and InvestCloud to Create InvestCloud Solutions

The Conifer Group, LLC today announced the creation of a joint venture with InvestCloud LLC, a Cloud portal and interactive data repository design company. The new company will be known as InvestCloud Solutions, a Conifer Group Company. The partnership will result in three new financial services product offerings including:

Conifer iCon ™ — a new portal that will provide money managers with trading, prime brokerage, middle and back office, and fund accounting services
InvestCloud Office — a low-cost product for outsourcing middle and back office investment operations
InvestCloud Custom Solutions — solutions for money managers including hedge funds, asset managers, multi managers, fund of funds, pension funds, foundations and endowments

“Our vision when creating InvestCloud was to bring the first Cloud-based money management solution to market, drawing on our vast experience delivering enterprise software solutions to leading money managers worldwide,” said John Wise, CEO of InvestCloud. “Our belief is that Enterprise Software for small to medium sized investment managers will die as cost and complexity have become too much, and best of breed local deployment has proven too difficult to install and maintain. Through our Cloud-based platform, our new offering will provide the functionality demanded by the industry at a third of the cost when compared to any similar enterprise software solution.”

“The joint venture with InvestCloud will successfully complete our three-year plan to reengineer our business model by investing in technology that will satisfy the data aggregation, analytics and reporting needs of our most sophisticated clientele,” said Jack McDonald CEO of The Conifer Group, LLC. “With the trend in technology moving towards Cloud-based solutions, Conifer wanted to be the first in our industry to leverage this dramatic change. The combination of our 22 years of experience servicing the hedge fund community, with an interactive data repository and state of the art client portal, we are rapidly bringing to market a highly differentiated product offering.”

“We started our search for an asset services partner over nine months ago seeking an enterprise that had successfully implemented industrial strength processing engines that was agile enough to incorporate our Cloud-based solution into their operating model,” said Colin Close, President, InvestCloud. “In Conifer, we found a robust, independent asset services company with substantial middle and back office processing capabilities in San Francisco, New York, and the British Virgin Islands. We found a perfect partner in Conifer and are thrilled to move forward with them in this joint venture.”

The new Conifer iCon™ and InvestCloud Office™ will have Beta customers in the second quarter of this year.

About InvestCloud

InvestCloud Solutions is a California-based company, delivering the securities industry with collaborative cloud-based solutions. Equipped with its unparalleled and innovative software, InvestCloud develops and deploys high-tech, scalable solutions with pace setting efficiency. A standard offering, as well as custom solutions for multi-managers, fund of funds, and the managers of pensions and endowments are now available. These high-impact business solutions collaborate seamlessly with other technologies, applications and processes, and enable businesses to leverage their existing infrastructure. For more information, please visit us virtually at

InvestCloud is also responsible for the virtual stock market game

About The Conifer Group, LLC

The Conifer Group, LLC is a leading service provider that offers global fund accounting and administration, middle office services, execution, executive office space, corporate accounting, consulting services and business infrastructure through its subsidiary companies. The Conifer Group’s comprehensive platform of business and operations solutions appeals to start-up and established managers and institutional investors by allowing them to focus on investments. Headquartered in San Francisco and with offices in New York and the British Virgin Islands, The Conifer Group has been in business since 1989. For more information, please visit

SOURCE Conifer Group, LLC

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