Omnivest Global Acquires the Portfolio Management and Accounting Technology of Johnson Investment Counsel and Brands it Keystone

Share Article

Acquisition and partnership with Envision Financial Systems provides Omnivest expertise and entry into the portfolio management and accounting technology market

Omnivest Global LLC, a provider of unified technology solutions to the investment management community, today announced its acquisition of the Johnson Investment Counsel portfolio management and portfolio accounting technology. The acquisition provides Omnivest a proven technology platform for registered investment advisors. Omnivest Global has also entered into various agreements with Envision Financial Systems, Inc. for technology development, distribution, administrative and marketing services.

In announcing the transaction, Tim Kan, Manager of Omnivest said “Investment advisory firms are looking to consolidate technology platforms to reduce the overhead that comes with a multi-vendor technology model. Our research indicates many RIA firms are looking to provide their employees with unified systems that make it easier to grow their business. We believe that Keystone, which has been developed based upon real life business and client challenges, is a technology offering that is unmatched in the Registered Advisor market.”

“We are excited that Omnivest will assume responsibility for Keystone’s future development” says Tim Johnson, founder of Johnson Investment Counsel. “They are bringing world-class technology resources that will accelerate our ability to create real market differentiation through the use of technology.”

Omnivest views the investment management technology marketplace as growing and dynamic. After reviewing several options, Omnivest decided to acquire technology that has been developed over 30 years based upon the live operating experiences of a registered investment advisor. The system was designed to meet the business and operating needs of an investment advisor. It enhances advisors’ abilities to build deep personal relationships with their clients to more effectively manage their portfolios. The Keystone portfolio management and accounting system has integrated functions that include customer relationship management, trade order processing, performance measurement, client and management reporting, billing, reconciliation, document management and rebalancing.

Concurrent with the acquisition, Omnivest licensed the Keystone technology to Johnson for its continued use. Johnson Investment Counsel is the largest independent wealth management firm in the State of Ohio. Omnivest also entered into an exclusive technology development, sales and marketing arrangements with Envision Financial Systems, Inc. Envision is the leading provider of PowerAgent, a real-time shareholder recordkeeping and servicing solutions with integrated ancillary systems that has full IRS mandated cost basis reporting capabilities; and Clarity Compliance a trade monitoring application that works with any recordkeeping platform.

Mr. Kan also noted that “we felt it was important to retain the institutional knowledge that developed Keystone and marry it with the research and development capabilities of Envision. This will allow us to assume software development and maintenance activities without any interruption.”

Keystone is available today for use by registered investment advisors.

Learn more about Omnivest and its products and services at Omnivest Global’s web site; Envision’s website or by calling 714.247.0030; option 3.

About Omnivest Global
Omnivest Global LLC, provides unified technology solutions to the investment management and accounting communities. Omnivest’s headquarters are in Irvine, California. For more information, visit our web site.

About Envision Financial Systems
Founded in 1994, Envision Financial Systems, Inc. is a leading provider of real-time shareholder accounting software solutions to the mutual fund and financial services industry. Using in-depth knowledge of the industry and listening to its customers, Envision provides its clients with real-time access to data that optimizes productivity, increases customer satisfaction and enables emerging business needs. Envision’s headquarters are in Irvine, California, with offices in Owings Mills, Maryland and Bangalore, India. For more information, visit Envision’s web site.

About Johnson Investment Counsel
Johnson Investment Counsel is a leading provider of wealth management services. Johnson Investment Counsel was founded in 1965 and has grown to become Ohio's largest employee-owned, independent wealth management firm. The Johnson Investment Counsel professionals are dedicated to developing genuine relationships with our clients and delivering exceptional service. Offering an integrated approach to managing individual’s wealth, Johnson Investment Counsel serves clients in 45 states representing over $7 billion in assets. For more information, visit the Johnson Investment Counsel web site.

###

Share article on social media or email:

View article via:

Pdf Print

Contact Author

John Gray
Envision Financial Systems, Inc.
(949) 579-9193
Email >
Visit website