Charles River Wins Best Wealth Management Product in 2020 FinTech Breakthrough Awards
March 13 2020 - 9:00AM
Business Wire
Charles River Development, a State Street Company, today
announced that Charles River Investment Management Solution
(Charles River IMS) has been awarded “Best Wealth Management
Product” by FinTech Breakthrough, an independent organization that
recognizes the top companies, products and technologies in global
financial technology markets. The 2020 FinTech Breakthrough Awards
showcase market leaders across twelve sectors including
Investments, Wealth Management and RegTech.
Charles River IMS supports the entire investment lifecycle, from
model management, asset allocation, and risk, through to trading,
settlement and position keeping. Its multi-asset and multi-currency
capabilities and support for region-specific frameworks enable
firms to manage all products on one platform, including SMA/UMA,
Rep as PM, Rep as Advisor and private banking.
“Firms are looking for solutions that help them manage rapidly
growing account volumes, comply with fiduciary and regulatory
obligations and consolidate wealth and institutional business lines
on a single platform,” said Randy Bullard, Global Head of Wealth,
Charles River. “Our scalable, enterprise platform brings
centralized portfolio management and trading capabilities to wealth
managers offering differentiated solutions to high net worth and
mass affluent investors.”
Since 2009, Charles River’s Wealth Management Solution has
offered wealth managers streamlined capabilities that support
discretionary and non-discretionary products, provide enhanced
mobility across asset classes and help firms attract and retain
financial advisors. Today, the platform supports over 30 wealth
clients managing approximately $2.4 trillion in assets for some of
the world’s most prominent advisory firms, large sponsors, and
private banks.
Charles River has been the recipient of numerous industry
accolades, including “Best Portfolio Management Solution” from
WealthBriefing Swiss Awards 2020, “Best Wealth Management Platform”
at the 2018 FinTech Breakthrough Awards, the 2018 WealthBriefing
Asia Award, and the 2017 and 2018 WealthBriefing Swiss Awards.
About FinTech Breakthrough Part of Tech Breakthrough, a
leading market intelligence and recognition platform for technology
innovation and leadership, the FinTech Breakthrough Awards program
is devoted to honoring excellence in Financial Technologies and
Services companies and products. The FinTech Breakthrough Awards
provide public recognition for the achievements of FinTech
companies and products in categories including Payments, Personal
Finance, Wealth Management, Fraud Protection, Banking, Lending,
RegTech, InsurTech and more. For more information visit
FinTechBreakthrough.com.
About Charles River, a State Street Company Investment
firms, asset owners, wealth managers, hedge funds and insurers in
over 30 countries rely on the Charles River Investment Management
Solution (Charles River IMS) to manage US$28 Trillion. Together
with State Street’s middle and back office services, Charles River
technology forms the foundation of the State Street Alpha℠
platform. Charles River IMS helps firms automate and simplify their
investment process across asset classes, from portfolio management
and risk analytics through trading and post-trade settlement, with
integrated compliance and managed data throughout. Charles River’s
growing third-party provider ecosystem enables clients to
seamlessly access the data and analytics, applications and
liquidity venues that support the unique demands of their product
and asset class mix. Headquartered in Burlington, Massachusetts, we
serve clients globally with more than 1,000 employees in 11
regional offices. For more information, please visit www.crd.com.
(Statistics as of January 2020)
About State Street Corporation State Street Corporation
(NYSE: STT) is the world's leading provider of financial services
to institutional investors including investment servicing,
investment management and investment research and trading. With
$34.36 trillion in assets under custody and administration and
$3.12 trillion* in assets under management as of December 31, 2019,
State Street operates globally in more than 100 geographic markets
and employs approximately 39,000 worldwide. For more information,
visit State Street's website at www.statestreet.com.
*Assets under management as of December 31, 2019 includes
approximately $45 billion of assets with respect to which State
Street Global Advisors Funds Distributors, LLC (SSGA FD) serves as
marketing agent; SSGA FD and State Street Global Advisors are
affiliated.
© 2020 State Street Corporation - All Rights Reserved
2990222.1.1.AM.RTL.
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version on businesswire.com: https://www.businesswire.com/news/home/20200313005177/en/
Media Contact Mary Masi-Phelps marymasiphelps@crd.com
781-425-6155
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