Charles River Development, a State Street Company, together with
Advisor360°, a wealth management software company, today announced
a strategic partnership to offer their wealth management platforms,
deeply integrated and engineered to help increase productivity,
streamline operations, and manage costs for enterprise wealth
management firms.
Mutual clients of Charles River and Advisor360° will have access
to innovative, cloud-based technology solutions that scale to
support the different and varied user personas of any enterprise
wealth management firm. The ability for mutual clients to leverage
the capabilities of both firms helps create an innovative and
differentiated wealth management solution for the industry.
Advisor360’s wealth management software includes an advisor
portal with digital onboarding and insurance, client portal with
digital engagement tools, and an enterprise workflow system with
its Unified Data FabricTM to deeply integrate complex wealth data
into a single household view across its platform. Charles River’s
end-to-end managed accounts platform includes robust SMA/UMA
capabilities, a manager-sponsor communication platform,
institutional-grade compliance and trading, and portfolio
customization, with the ability to add outsourced middle-office
services through State Street.
“This combination of best-of-breed technology offers a
compelling alternative to other platforms and gives control back to
wealth management firms, which is why we are so excited to
introduce Charles River’s managed accounts offering to our
clients,” said Rich Napolitano, Chief Executive Officer at
Advisor360°. “As a pure SaaS company, we are committed to
innovation and empowering wealth management firms to improve
advisor productivity and satisfaction.”
“This partnership signals a new chapter in the evolution of our
wealth management platform,” said John Plansky, Head of State
Street AlphaSM. “Expanding our capabilities for financial advisors
has been a significant part of our strategy and finding the right
partner was critical. Advisor360°’s robust and flexible platform
will enable Charles River to achieve its long-term goals in this
industry.”
About Advisor360°
Based in Weston, Massachusetts, Advisor360° is a
Software-as-a-Service (SaaS) provider that builds, integrates and
delivers technology for wealth management firms. The company’s
proprietary Unified Data Fabric™ (UDF) synthesizes complex and
disparate data streams into one platform for a highly sophisticated
wealth planning solution. Today, 3 million households with $1
trillion in assets under advisement benefit from the integrated
Advisor360° experience. Whether the enterprise back office, the
client-facing advisor or the individual investor, Advisor360°
brings clarity to all stakeholders seeking a holistic approach to
managing household wealth. Advisor360° launched as an independent
company in 2019 and was named the second largest fintech company in
Massachusetts by The Boston Business Journal in 2021. To learn
more, visit www.advisor360.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
4571559.1.1.GBL
Charles River Development – A State Street Company is a wholly
owned business of State Street Corporation (incorporated in
Massachusetts).
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illustrative, and/or marketing purposes, or in connection with
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version on businesswire.com: https://www.businesswire.com/news/home/20220323005366/en/
Media: State Street Brendan Paul
Bpaul2@statestreet.com +1 401 644 9182
Media: Advisor 360 Alyson Nikulicz
Alyson.nikulicz@ersservices.net +1 201 755 4116
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