The two sides have agreed to work together where eCIO will provide its communication services to Clearstead.

“We are providing the eVestech platform and that is designed to help facilitate all communications with their clients,” Roquitte said.

The platform has the ability to push out a variety of communications to Clearstead’s institutional clients. Those communications can be emails, reports, or even news items.

The platform is also a document vault maintaining investment reports and governance documents. Those documents can remain on the platform even if there are personnel changes with the institutional clients or its supervising committees, Roquitte said. 

In addition, eVestech creates a virtual meeting space that incorporates Zoom. It can record and store meetings on the platform so if someone shows up late, they do not have to miss anything. 

“It really supplements what Clearstead is doing on a day-to-day basis in the normal delivery model, which is typically in person,” Roquitte said. 

Roquitte  explained that the system is fully secure and each client will have their own dedicated portal that will be password-protected. Each one can be customized so that only specific members can see certain documents. Finally, all email communications will be secured and searchable so that clients can easily search past communications.

The two sides are working together to develop the platform currently. Shebak said it will be branded with the Clearstead name and be highly customizable. One aspect that he said his firm’s clients can expect will be access to two branches of information. The first will be the firm’s own proprietary investment research including newsletters, quarterly reports, and others.

The second branch will be those deliverables that are customized to the specific client. This will include account statements, investment reports, and policy statements. 

Clearstead will launch the platform on a preliminary basis to up to 25 of its institutional clients by the first quarter of next year. The goal is to roll out the system to all of Clearstead’s 150 institutional clients within 12-18 months, according to Shebak.