InnoTrust

InnoTrust, developed by Innovest Systems, is a trust accounting platform designed to cater to the accounting and reporting needs of various industries and professions. This versatile solution is aimed at trust companies, banks, private banks, retirement plan administrators, and wealth management firms. InnoTrust is said to be suitable for businesses of all sizes, ranging from small community banks to large national organizations.

Key Features

State-of-the-art Technology: According to the vendor, InnoTrust leverages modern technology to support growth, integration, and data security. Its platforms are designed to adapt to changes and securely integrate with multiple systems.

Versatile Managed Services: With over 25 years of experience, InnoTrust offers a range of tailored solutions to meet specific needs. From document printing to fully outsourced back-office operations, their managed services cater to diverse requirements.

Unmatched Support: The vendor emphasizes the importance of support in delivering technology. InnoTrust aims to understand clients' businesses and help them achieve their goals by providing exceptional support throughout the entire process.

Smooth Integration And User-friendly Software: InnoTrust's web services/API enable seamless integration with third-party software and internal programs. The platform is designed to have a user-friendly interface for easy access to customer data and efficient navigation.

Comprehensive Accounting And Tax Reporting: InnoTrust offers full principal, income, and tax lot accounting services. It includes robust cost basis tracking and generates system-generated 1099s, 5498s, and tax worksheets.

Reg-9/Admin Review functionality: InnoTrust provides features for exceptional regulatory compliance, such as exception tracking, configurable questions and answers, and follow-up tickler tracking.

Customized Reporting Options: According to the vendor, users can create and retrieve custom reports easily with InnoTrust's intuitive reporting options. The platform supports diverse benefit portfolios and company insurance policies, allowing for flexibility and customization.

Robust Fee Calculation: InnoTrust offers multiple fee schedules, fee tiers, and other methodologies for easy billing. The vendor claims that its robust fee calculation capabilities streamline the billing process.

Trading And Portfolio Management Functions: InnoTrust provides a full suite of portfolio management tools, including rebalancing, trade blotters, trade order management, and integrated performance reporting, enabling efficient trading and comprehensive portfolio management.

Built-in Computation For The Figures You Need: InnoTrust includes essential computations such as Required Minimum Distribution (RMD) calculations with automatic posting of RMD payments. It also offers robust portfolio rebalancing and informative "what-if" analysis.