Chicago Clearing Corp partners with InvestCloud
InvestCloud, Inc, a provider of cloud-based front, middle and back office solutions focused on digitizing customer experiences and internal operations for global investment advisors, today announced a partnership with Chicago Clearing Corp., (CCC), a class-action claims recovery specialist.
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The partnership will deliver a technology solution for financial institutions to manage, file, and recover funds in securities class-action settlements. Financial advisors within the InvestCloud universe will now have a turnkey solution that increases value to clients by streamlining the settlement process from beginning to end.
Today, most financial advisors rely on mailings or hard-to-track industry communications just to stay informed of existing settlements. Claim filing itself requires a significant amount of paperwork filing on behalf of the Advisor and/or client. InvestCloud's customized Chicago Clearing Corp Applet will dramatically simplify this notoriously difficult process.
"InvestCloud has built an easily deployable and scalable first-class investment platform for every professional investment manager or financial institution. By partnering with Chicago Clearing Corp we are increasing our user experience and continuing to support our ongoing effort to improve advisor efficiency," said John Wise, chairman and CEO of InvestCloud, Inc. "The partnership with Chicago Clearing Corp is yet another example of how we're helping advisors to grow and achieve great results for their clients, while equipping them to become leaders in the industry."
Chicago Clearing Corp's services free up advisors from the tedium of claims-related paperwork and data mining. Chicago Clearing Corp gathers the historical trade data and immediately applies custom search criteria for all qualifying holdings relevant to a class action settlement. Chicago Clearing Corp often has the ability to manage the claims process for settlements that have passed the claim filing deadline. Chicago Clearing Corp even provides fully customizable allocations. In this way, advisors can focus their energies on what matters most -- serving their clients.
"Securities Class Actions are here to stay. Chicago Clearing Corporation is excited to partner with InvestCloud and help its users seamlessly retrieve the class action funds owed to them," said Jim Tharin, CEO of Chicago Clearing Corporation. "We believe this partnership is a major step forward for advisors, and provides the platform they need to enhance their advisor-client relationships."