InvestCloud
InvestCloud provides a cloud-native financial platform that helps you digitize wealth management operations through modular apps for client communication, planning, and personalized portfolio management across the entire investment lifecycle.
Quicken
Quicken provides a comprehensive personal finance management software that helps you track spending, manage budgets, monitor investments, and plan for your financial future in one secure place.
Quick Comparison
| Feature | InvestCloud | Quicken |
|---|---|---|
| Website | investcloud.com | quicken.com |
| Pricing Model | Custom | Subscription |
| Starting Price | Custom Pricing | $4.99/month |
| FREE Trial | ✘ No free trial | ✘ No free trial |
| Free Plan | ✘ No free plan | ✘ No free plan |
| Product Demo | ✓ Request demo here | ✘ No product demo |
| Deployment | ||
| Integrations | ||
| Target Users | ||
| Target Industries | ||
| Customer Count | 0 | 0 |
| Founded Year | 2010 | 1983 |
| Headquarters | West Hollywood, USA | Menlo Park, USA |
Overview
InvestCloud
InvestCloud is a modular platform designed to transform how you handle wealth management and investment operations. Instead of dealing with fragmented legacy systems, you can access a library of over 300 specialized apps to build a custom digital experience for your clients and advisors. You can manage everything from initial digital onboarding and financial planning to complex portfolio accounting and performance reporting within a single unified ecosystem.
The platform focuses on helping you scale your business by automating back-office tasks and enhancing client engagement through intuitive digital portals. Whether you are an independent advisor or a global institutional bank, you can select specific functional modules to solve immediate bottlenecks or deploy the full suite for a complete digital transformation of your financial services delivery.
Quicken
Quicken is a personal finance tool designed to give you a complete picture of your financial life. You can sync your bank accounts, credit cards, investments, and retirement plans into a single dashboard to see exactly where your money goes. It automatically categorizes your transactions, making it easy to create realistic budgets and identify areas where you can save more each month.
Beyond simple tracking, you can manage your entire portfolio by monitoring performance against market benchmarks and tracking cost basis for taxes. Whether you are paying down debt, planning for retirement, or managing small business expenses, the platform provides the specific tools you need to reach your goals. It is built for individuals and small business owners who want more control than basic banking apps provide.
Overview
InvestCloud Features
- Digital Onboarding Streamline your client acquisition with automated document collection and digital signatures to get new accounts opened faster.
- Client Portals Provide your clients with high-end mobile and web dashboards where they can track performance and interact with their portfolios.
- Financial Planning Create interactive goals-based plans and stress-test scenarios to help your clients visualize their long-term financial future.
- Portfolio Accounting Automate your back-office operations with real-time accounting, trade processing, and multi-currency support across all asset classes.
- Performance Reporting Generate clear visual reports that show your clients exactly how their investments are performing against relevant benchmarks.
- Relationship Management Track every client interaction and preference in a specialized CRM built specifically for the needs of wealth managers.
Quicken Features
- Automatic Transaction Sync. Connect your financial institutions to automatically download and categorize transactions so your records are always up to date.
- Custom Budgeting. Create personalized monthly budgets based on your actual spending habits and get alerts when you approach your limits.
- Investment Tracking. Monitor your brokerage accounts, 401(k)s, and IRAs in one place to see your true net worth and portfolio performance.
- Bill Management. Track all your upcoming bills in one dashboard and receive reminders so you never miss a payment or incur late fees.
- Tax Reporting. Export your financial data directly to TurboTax or generate specialized reports to make tax season faster and more accurate.
- Debt Reduction Tools. Use built-in calculators to create a plan for paying off credit cards and loans by visualizing different payment scenarios.
Pricing Comparison
InvestCloud Pricing
Quicken Pricing
- Track all bank and credit accounts
- Create and manage custom budgets
- Track loans, 401(k)s, and IRAs
- Manage and pay bills
- Access on desktop, web, and mobile
- Everything in Deluxe, plus:
- Portfolio X-Ray tool
- Track cost basis and capital gains
- Priority customer support
- Free online bill pay
Pros & Cons
InvestCloud
Pros
- Highly customizable modular architecture fits unique workflows
- Modern and professional user interface for clients
- Consolidates multiple legacy systems into one platform
- Strong mobile capabilities for advisors on the go
Cons
- Implementation process can be lengthy and complex
- Significant learning curve due to vast feature set
- Customization options may require dedicated internal support
Quicken
Pros
- Extremely detailed reporting for complex financial situations
- Excellent investment tracking and portfolio analysis tools
- Local data storage options for enhanced privacy
- Long-standing reputation for reliability and accuracy
Cons
- Subscription model is required for bank syncing
- Occasional connectivity issues with specific financial institutions
- Interface can feel cluttered for very simple needs