Advicent: InvestCloud Acquires Advicent

Los Angeles-based InvestCloud, which develops software for the financial planning and banking market, said late Wednesday that it has acquired Advicent, a provider of cash flow, trust ,and tax financial planning technology. Advicent was backed by Vista Equity. Financial details of the acquisition were not announced. Advicent was based in Milwaukee, Wisconsin. InvestCloud said it will integrate its cash flow, trust and tax financial planning engines with InvestCloud's digital client and advisor platform and existing goal-based financial planning engines. InvestCloud is led by co-foudner and CEO John Wise.