Financial technology company Innovest Systems and automated disbursement provider Administrative Systems have jointly announced an intention to merge, effective April 30. Both companies are backed by Bluff Point Associates. Innovest is a New York City-based SaaS company that provides technology-based solutions to trust and wealth management companies. Administrative Systems, based in Sacramento, provides retirement plan benefit disbursements, tax reporting, document printing, and other related services for banks, trusts and pension funds. The combined entity, Innovest ASI, will weave Innovest's wealth management technology platform with ASI's disbursement services.