PriyaPatelTLDR:
- Tom Hansen and Tony Michael developed inVesti-RKS, their own recordkeeping software platform
- The platform can handle multiple employee benefit products and has successfully integrated with UMB Bank and Matrix Trust Company
Tom Hansen and Tony Michael, the founders of inVesti Financial, were unsatisfied with the recordkeeping software available on the market, so they decided to build their own platform. Named inVesti-RKS (Record Keeping Services), the platform has been successfully integrated with UMB Bank and Matrix Trust Company to provide health savings accounts (HSA) in the near future. Michael, a veteran in recordkeeping for 25 years, emphasized the unique and flexible nature of their platform, which can handle various employee benefit products such as HSAs, cash balance plans, SIMPLE IRAs, SEP IRAs, and traditional IRAs.
The inVesti-RKS system, created by Hansen’s developer background and Michael’s presence in the multiple-employer plan (MEP) market, is an open-architecture, multi-vendor, cloud-hosted financial software platform designed to offer retirement and workforce benefit solutions. With APIs and technology built to streamline plan setup, enrollment, and regulatory management, the platform offers a comprehensive solution for plan participants to access all their accounts with a single sign-on through a desktop or mobile app.
