NEW YORK, July 19 /PRNewswire/ -- Innovest Systems, LLC, a
financial technology firm specializing in trust accounting and
wealth management solutions, today announced that it has entered
into an agreement with Chicago Clearing Corporation, a premier
claims filing specialist in securities class action settlements.
Through this partnership, Innovest's clients will have access
to a comprehensive solution which ensures that all securities
claims are accurately identified, qualified and filed, and that
award payments are properly distributed.
"We are pleased to create this partnership with Chicago Clearing
Corporation. It will simplify the previously onerous task of
filing claims for securities class action settlements.
Industry experts are predicting that the current economic
climate will likely result in increased litigation. Our goal
is to help our clients properly identify, qualify and file claims,"
said William Thomas, Innovest
Systems' chief executive officer.
Brad Sutton, operations manager
at Trust Company of the South, added, "Working with Innovest
Systems and Chicago Clearing Corporation to manage our class action
claims allows our firm to replace a labor-intensive and largely
manual process for our trust department with a much more automated
solution. Importantly, this enhanced capability allows us to
minimize cost while maximizing return for our clients."
James Tharin, Chicago Clearing
Corporation's chief executive officer, said, "We are looking
forward to partnering with Innovest. This arrangement will
allow us to bring substantial benefit to an expanding client base
as we continue our mission to retrieve funds owed to harmed
investors. Innovest's clients can rest assured that Chicago
Clearing Corporation's considerable experience, expertise, and
dedication makes us especially qualified to manage their class
action settlement claims."
About Innovest Systems
Innovest Systems, LLC is a financial technology firm that
provides technology-driven solutions to trust and wealth management
companies. With assets worth tens of trillions of dollars
transferring between generations over the coming decades,
Innovest's flagship product, InnoTrust, is designed to deliver a
secure, integrated, real-time system offered in an Application
Service Provider (ASP) environment. Innovest's technology is
designed to meet the needs of smaller independent trust and wealth
management companies, as well as the world's largest global
financial services firms. Innovest is headquartered in the
financial district of New York
City. For more information about Innovest Systems,
visit www.innovestsystems.com.
About Chicago Clearing
Chicago Clearing Corporation (CCC) is a premier claims filing
specialist in securities class action settlements. CCC serves a
wide range of investors, such as bank trust departments, investment
advisors, money managers, mutual funds, pension funds, hedge funds,
brokerage firms, family offices, high net worth individuals, market
makers, specialists, proprietary trading firms and professional
traders. No matter the type of investor, CCC brings to bear its
considerable and extraordinary experience to aggressively retrieve
every dime owed the harmed investor. For more information
about Chicago Clearing Corporation, visit
www.chicagoclearing.com.
SOURCE Innovest Systems, LLC