Cambridge Investment Research announced today it will be implementing cloud-native technology from INVENT.us to redesign its CLIC digital business environment for independent advisors.
Two key benefits of CLIC Reimagined should be:
- Seamless data integrations between applications for financial planning, CRM, trading and client reporting while integrating more directly into Cambridge’s core systems, and
- A redesigned user interface that has simplified navigation, reduced clicks and eliminates redundant data entry.
“CLIC Reimagined will provide Cambridge’s 3,500 independent financial professionals with a flexible, customizable and powerful fintech business environment built on the latest cloud-native technologies to support the many different business segmentations we serve,” said Cambridge’s Chief Fiduciary Officer Colleen Bell, in a statement.
(Over the past few decades, operating systems moved from DOS to Windows and then on to the cloud, or Internet. Cloud native, the latest development, refers to apps driving business and data processing being deployed inside a cloud systems’ architecture.)
Cambridge is working toward a “limited demo for review” later this year, said Nick Graham, Cambridge EVP and chief technology officer, added notes that the broker-dealer expects “a more robust and comprehensive digital experience” for its affiliated advisors by the second half of 2021.
Training will be done in phases, he said, and will be “relevant to how a financial professional will use the tools and data in their businesses,” Graham added.
Its new operating system will synchronize data from multiple sources for front- to back-office applications.