Charles River® Launches Tailored Portfolio Solutions to Power Portfolio Personalization at Scale, Integrates Axioma Portfolio Optimizer™
March 15 2022 - 9:00AM
Business Wire
Charles River Development, a State Street Company, today
announced the launch of Tailored Portfolio Solutions, an offering
that enables both wealth managers and asset managers to provide
high-value, fully customized portfolios at scale. The solution
integrates the Axioma Portfolio OptimizerTM (APO) from index and
analytics provider Qontigo.
Tailored Portfolio Solutions addresses the growing industry
demand for personalized portfolios. The fully integrated solution
provides managers with the technology capabilities to tailor
portfolios that consider each individual investor’s unique tax
circumstance, risk appetite, and personal ESG values and beliefs
across asset classes and investment styles. This enables wealth
managers and asset managers to meet investor expectations, improve
client outcomes, increase operational efficiency, and manage
costs.
“Tailored Portfolio Solutions allows wealth and asset management
firms to provide a differentiated and sought-after product to their
customers,” said Randy Bullard, Global Head of Wealth at Charles
River Development. “For retail investors, Tailored Portfolio
Solutions democratizes access to customized portfolios that reflect
their personal convictions, tax circumstances, and risk
tolerance.”
Tailored Portfolio Solutions offers an innovative approach to
portfolio personalization by embedding optimization technology in
an end-to-end customization process. The workflow is tightly
integrated within Charles River-hosted environments and leverages
APO as the engine for customization. This highly efficient process
enables the delivery of personalized portfolios at the volume and
scale required by firms serving the wealth management market.
“We are delighted to expand our partnership with Charles River
by integrating our industry-leading optimizer into Tailored
Portfolio Solutions," said Chris Canova, Global Head of Customer
Experience, Qontigo. “APO can handle a wide range of complex
scenarios and constraints like tax efficient active SMA management,
direct indexing, and ESG strategies, in line with the goals of
Charles River's offering of delivering customization and
personalization—all at scale.”
About Qontigo --- Optimizing Impact™
Qontigo is a leading global provider of innovative index,
analytics and risk solutions that optimize investment impact. As
the shift toward sustainable investing accelerates, Qontigo enables
its clients—financial-products issuers, asset owners and asset
managers—to deliver sophisticated and targeted solutions at scale
to meet the increasingly demanding and unique sustainability goals
of investors worldwide.
Qontigo’s solutions are enhanced by both our collaborative,
customer-centric culture, which allows us to create tailored
solutions for our clients, and our open architecture and modern
technology that efficiently integrate with our clients’ processes.
Part of the Deutsche B�rse Group, Qontigo was created in 2019
through the combination of Axioma, DAX and STOXX. Headquartered in
Eschborn, Germany, Qontigo’s global presence includes offices in
New York, London, Zug and Hong Kong. www.qontigo.com
About Charles River, A State Street Company
Investment, wealth and alternative managers, asset owners and
insurers in 30 countries rely on Charles River IMS to manage USD
$36 Trillion in assets. Together with State Street’s middle and
back office services, Charles River’s cloud-deployed front office
technology forms the foundation of State Street Alpha℠. Charles
River helps automate and simplify the 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 partner ecosystem enables
clients to access the data, analytics, application and liquidity
providers that support their product and asset class mix. We serve
clients globally with more than 1,200 employees in 11 regional
offices. (Statistics as of Q4 2021)
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 $43.7 trillion in assets
under custody and/or administration and $4.1 trillion* in assets
under management as of December 31, 2021, 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, 2021 includes
approximately $61 billion of assets with respect to SPDR® products
for which State Street Global Advisors Funds Distributors, LLC
(SSGA FD) acts solely as the marketing agent. SSGA FD and State
Street Global Advisors are affiliated.
©2022 State Street Corporation – All Rights Reserved State
Street Corporation, One Lincoln St, Boston MA 02111
4461211.1.1.GBL.
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Mary Masi-Phelps marymasiphelps@crd.com 781-425-6155
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