Midland States Bank, an Illinois-based bank specializing in wealth management and trust, has selected Innovest Systems’ InnoTrust as its trust and wealth management platform.

InnoTrust is an integrated, real-time trust accounting and wealth management technology platform provided via a “software-as-a-service” model.

“Firms like Midland benefit from Innovest’s ability to bring together the many components - portfolio management, investment performance reporting, securities clearing, custody, CRM and more - that today’s wealth management clients expect,” said Glenn Schmidt, Innovest’s chief operating officer.  

Innovest Systems is a financial technology firm that provides technology-driven solutions to trust and wealth management companies.

Midland States Bank operates 28 offices throughout Illinois and one office in Missouri. As of December 31, 2012, the bank’s wealth management group administered $910 million in assets.