Innovest Systems, LLC was founded in 2000 and is based in New York City. Innovest provides technology-driven solutions to trust and wealth management companies. Innovest's flagship product, a trust accounting and reporting system, is a secure, integrated, real-time, accrual based system offered in an Application Service Provider (ASP) environment. The product is a browser-based open system that comprehensively addresses the needs of trust companies, banks, private banks, retirement plan administrators and others that need to control, account for, and report on assets held in trust accounts.
In addition to providing a state-of-the-art solution to traditional trust market participants, Innovest is at the forefront of providing tightly integrated trust technology to the broker and investment advisor communities. With tens of trillions of dollars worth of assets transferring between generations over the next few decades, large broker and RIA providers have looked to Innovest to provide them the ability to administer trust accounts seamlessly integrated with managing what have historically been brokerage only accounts.
Now with more than $110 billion administered on its systems, Innovest has grown quickly to be one of the largest providers of trust accounting technology, measured by market value of clients’ assets held.
Innovest’s clients range from smaller independent trust and wealth management companies to the world’s largest global financial services firms.