The latest news on investment offerings, financial products and other services relevant to wealth advisors and their clients.

JP Morgan, Trovata Partners
Trovata Partners, a bank-connected platform that makes it easier for finance professionals to manage cash, and JP Morgan Asset Management, are joining forces to help joint customers tap into Morgan Money’s services and access higher yields on corporate investing amidst rising interest rates.
 
Trovata will host the Morgan Money corporate investing and trading solution as the first third-party app on its platform, the firm said in a statement. 

Joint customers can determine their liquidity needs using Trovata, then take action to invest seamlessly using the services offered by Morgan Money. Users will have the ability to transact across their global portfolio in real time and compare funds across multiple managers, currencies, durations, or settlement options, the firm continued. 

In addition, investment balances and transactions from Morgan Money will flow into Trovata in real time so that operating and investing activities can be monitored and managed in one place, delivering a unified experience for managing cash flows and investments.
 
“Now more than ever, corporate treasury investors need a fully-integrated trading solution for their liquidity needs,” said Paul Przybylski, global head of product strategy and client service at JP Morgan Asset Management. 

“Bringing two of the newest and fastest growing experiences in corporate finance and treasury together makes for a powerful combination for our customers,” he added.
 
Trovata’s customers, such as Square, Etsy, and Krispy Kreme, use its platform as a single source of truth for balances, transactions, and cash flow trends from all their banks and accounts. Trovata helps its users organise bank transactions into their various cash flow types. 
 
“Finance and treasury clients are seeking to automate and streamline how their work gets done each day,” said Brett Turner, founder and CEO of Trovata. “The tools of the job have to be newer, smarter, faster, easy to use, and easy to set up. We expect that Trovata and Morgan Money will be the go-to modern toolbox to manage cash and investments,” he added.