Charles River Named Best Unified Technology System at WealthManagement.com 2020 Industry Awards
September 16 2020 - 9:00AM
Business Wire
Charles River Development, a State Street Company, today
announced that the Charles River Investment Management Solution
(Charles River IMS) has been named “Best Unified System” by
WealthManagement.com 2020 Industry Awards (the “Wealthies”).
Selected by a panel of independent judges, the awards recognize
firms and individuals bringing innovations to the market that help
advisors manage their business more efficiently, enhance their
service quality, improve the understanding and use of various asset
classes, or enrich the advisor/client experience through
technology.
Charles River IMS supports the entire investment lifecycle for
fee-based wealth programs, from model management, asset allocation
and risk, through to trading, settlement and sleeve-level position
keeping. The system’s multi-asset/multi-currency capabilities and
support for region-specific frameworks enable firms to manage all
products across geographies on one platform, including digital
wealth programs, home-office managed solutions, open architecture
SMA/UMA, Rep as PM and Rep as Advisor. Hosted in Microsoft® Azure,
Charles River IMS supports on-demand scalability capable of meeting
the requirements of the world’s largest wealth management firms and
private banks.
“This award recognizes our commitment to wealth management firms
looking for solutions that help them manage growing account volumes
and comply with fiduciary and regulatory obligations,” said Randy
Bullard, Global Head of Wealth, Charles River. “Our platform brings
centralized portfolio management and trading capabilities to wealth
managers, enabling them to offer tailored investment portfolios and
strategies to both high net worth and mass affluent investors.”
Since 2009, Charles River’s Wealth Management Solution has
supported wealth managers offering discretionary and
non-discretionary products, provided anywhere/anytime access to
client portfolios and helped firms attract and retain financial
advisors. Today, the platform is used by more than 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 Wealth Management Product” in the 2020
FinTech Breakthrough Awards, “Best Portfolio Management Solution”
from WealthBriefing Swiss Awards 2020, “Best Wealth Management
Platform” at the 2018 FinTech Breakthrough Awards, and the 2018
WealthBriefing Asia Awards.
About Charles River, A State Street Company
Investment firms, asset owners, wealth managers, hedge funds and
insurers in more than 30 countries rely on Charles River’s front
and middle office investment management platform to manage more
than US$29 Trillion in assets. Together with State Street’s middle
and back office capabilities, Charles River’s cloud-deployed
software technology forms the foundation of State Street Alpha℠.
The Charles River Investment Management Solution (Charles River
IMS) is designed to automate and simplify the institutional
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 partner ecosystem enables clients to seamlessly access
external 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.
(Statistics as of April 2020) For more information, please visit
www.crd.com.
About State Street Corporation
State Street Corporation (NYSE: STT) is one of the world’s
leading providers of financial services to institutional investors
including investment servicing, investment management and
investment research and trading. With $33.52 trillion in assets
under custody and/or administration and $3.05 trillion* in assets
under management as of June 30, 2020, 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 June 30, 2020 includes
approximately $67 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
State Street Corporation, One Lincoln St, Boston MA 02111
3242016.1.1.AM.RTL
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Mary Masi-Phelps marymasiphelps@crd.com 781-425-6155
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