Company Announcements

Charles River Named Best Unified Technology System at WealthManagement.com 2020 Industry Awards

BOSTON--(BUSINESS WIRE)--Sep. 16, 2020-- 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

Mary Masi-Phelps
marymasiphelps@crd.com
781-425-6155

Source: Charles River Development

Mary Masi-Phelps
marymasiphelps@crd.com
781-425-6155