Los Angeles-based InvestCloud announced on Wednesday that it is acquiring Milwaukee-based Advicent, creating a massive provider of financial planning software.

InvestCloud, which offers a cloud-based suite of practice management and financial technology, will add Advicent’s financial planning, cash flow, trust and tax solutions to its offerings, including Advicent’s NaviPlan platform, which is currently used by more than 140,000 financial professionals at nearly 3,000 firms worldwide. These advisors and firms will augment InvestCloud’s existing support of over $4 trillion of assets for more than 500 direct clients.

“We are delighted to be joining forces with InvestCloud, the world's best and most comprehensive financial digital platform for wealth, which specializes in intuitive and empathetic digital experiences, visualizations and workflows,” said Angela Pecoraro, CEO of Advicent, in released comments. “The opportunity we see together is massive, and our team has thought this for years—how powerful a partnership would be with InvestCloud. As digital plays a more and more critical role in the advisor experience, InvestCloud's platform will enable our clients to reduce complexities, increase flexibility and be a game-changing power for client-to-advisor collaboration by applying behavioral science to improve client outcomes."

The acquisition immediately expands InvestCloud’s footprint in North America and Europe, said the announcement.

When they are combined, NaviPlan will augment InvestCloud’s existing modular goals-based financial planning functions as well as its digital advisor and client platform with additional tax, trust and financial planning capabilities, offering a more seamless experience for financial professionals.

“Advicent is a highly differentiated planning engine covering the simple goal-based assessments that most of the known financial planning engines cover; however, and importantly, Advicent also has advanced retirement income scenarios and estate/trust planning focusing on the very difficult planning aspects of tax and cash flow,” said InvestCloud’s CEO John Wise in released comments. “This will be greatly leveraged by the market-leading InvestCloud planning solutions and platform used by advisors today. The Advicent team has created a great asset which, when combined with InvestCloud's expertise in digital design, gaming theory, decision theory and data science, will accelerate the advisor experience and drive better adoption and better outcomes. I'm thrilled to welcome Advicent into the InvestCloud family."

The acquisition comes just a few months after InvestCloud was acquired by Motive Partners from FTV Capital and combined with Tegra118, the managed account platform spun off from Fiserv, and Finantix, a banking and wealth management platform provider with a large footprint in Europe and Asia.

By adding Advicent’s complex financial planning functionality, InvestCloud is closer to offering end-to-end technologies for multiple channels of the wealth management industry on the scale of other massive software providers like Envestnet, which acquired Tamarac, Yodlee and MoneyGuidePro; AssetMark, which recently acquired Voyant; and Orion, which in addition to merging with Brinker Capital recently acquired HiddenLevers and Advizr.

Advicent’s capabilities will be immediately available to InvestCloud’s clientele via its digital app store, according to the announcement.

Financial details of the transaction were not released.