State Street Company Charles River Development has forged a strategic alliance with Advisor360° to offer an integrated technology solution for wealth managers.

The companies extend their integrated wealth management platforms to help enterprise wealth management firms boost their productivity, manage costs and enhance their operations.

The mutual clients of both companies will be provided access to cloud-based technology solutions that supports different and varied user personas.

Advisor360’s wealth management software comprises an adviser portal, a client portal featuring digital engagement tools, and an enterprise workflow system with its Unified Data Fabric.

Charles River provides a fully managed accounts platform that consists of SMA/UMA capabilities.

This platform, which facilitates outsourced middle-office services through State Street, also includes a manager-sponsor communication platform as well as features for compliance and trading, and portfolio customisation.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Advisor360° CEO Rich Napolitano said: “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.

“As a pure SaaS company, we are committed to innovation and empowering wealth management firms to improve advisor productivity and satisfaction.”

State Street Alpha head John Plansky added: “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.”

Charles River, which specialises in solutions that automate front and middle office investment management capabilities,  was acquired by State Street in 2018 in a cash deal valued at $2.6bn.