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.
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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.
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“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.”
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