Revolutionizing Wealth Management with Charles River Wealth Management Solution

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Products-Charles River Development

Revolutionizing Wealth Management with Charles River Wealth Management Solution

Empowering Wealth Managers and Advisors

Charles River's Wealth Management Solution offers a sophisticated platform that equips wealth managers, private banks, and financial advisors with essential tools to support both discretionary and non-discretionary private wealth products. This solution enhances mobility, allowing professionals to efficiently manage their book of business with ease. The comprehensive multi-asset/multi-currency functionality of the platform enables tailored portfolio strategies like separately managed accounts (SMAs) and unified managed accounts (UMAs). Furthermore, it supports the entire investment lifecycle, encompassing model management, portfolio management, trading, compliance, reporting, and position-keeping capabilities within a single, integrated solution.

Enhanced Capabilities and Accessibility

With Charles River Wealth Management Solution, wealth managers and advisors gain access to a wealth of features and benefits. The platform enables streamlined communication between asset managers and sponsors through the Wealth Hub, automating model updates, trades/allocations, and intra-day account instructions. Additionally, Charles River Anywhere offers browser-based access to a suite of portfolio management tools along with an order and execution management system. This allows financial advisors to access key account information via tablets, enhancing client engagement and relationship management.

Comprehensive Compliance and Surveillance

To mitigate reputational and regulatory risks, the solution provides extensive compliance and surveillance capabilities. Wealth managers and advisors can automate compliance procedures across the trade lifecycle, supported by centralized monitoring and management of compliance activities. The platform's scalable compliance engines can manage high volumes of trades, compliance rules, accounts, and account groups. Nightly portfolio compliance monitoring helps identify any portfolio drift against the Investment Policy Statement, enabling proactive action. In addition, real-time auditing and surveillance features aid in ensuring adherence to client and firm mandates, highlighting suspicious trades and enforcing product suitability to manage risk exposure effectively.

Driving Enterprise-Wide Scalability

Charles River's Wealth Management Solution bolsters scalability through the Central Workbench (CWB) and an Investment Book of Record (IBOR). The CWB streamlines workflows by identifying accounts needing attention and offers managed account overlay functionality for high-volume sponsor firms. IBOR is paramount for managers running UMA programs, as it helps manage large volumes of accounts and positions. The solution's integrated Wealth Hub facilitates automated communication between asset managers and sponsors, enhancing operational efficiency and enabling seamless collaboration between stakeholders.

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Empowering Investment Firms with State Street Alpha Data Platform

State Street Alpha Data Platform Overview

State Street Alpha Data Platform (ADP) is a cutting-edge, cloud-based, AI-enabled data solution designed to simplify the intricate process of managing investment data for global investment managers. This platform grants users easy access to investment data in a timely and efficient manner, empowering them to make agile and well-informed decisions with confidence. ADP, a pivotal element of State Street Alpha, integrates seamlessly with a range of State Street services, enabling investment firms to concentrate on delivering exceptional value to their clientele. To revolutionize your approach to investment data management, reach out to State Street for a demonstration today.

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Optimizing Wealth Manager and Sponsor Communications with Charles River Wealth Hub

Enhanced Connectivity for Asset Managers and Sponsors

The Charles River Wealth Hub revolutionizes communication and operations between separate account asset managers and wealth management platform sponsors. This innovative, API-driven open network solution automates and streamlines connectivity, promoting operational resilience during market fluctuations and end-of-quarter rebalancing. By supporting various communication facets such as model management, instruction handling, and order transmission, Wealth Hub enables asset managers to efficiently interact with sponsors, scale their business without additional staff, and seamlessly manage workflows.

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Empowering Asset Owners with Charles River Investment Management Solution

Total Portfolio View

Charles River IMS offers asset owners a comprehensive view of their public and private investments and exposures, both internally and externally managed. This unified platform allows managers to access investable cash efficiently, make well-informed allocation decisions, and hedge effectively. Additionally, organizations operating globally benefit from a consistent, 24/7 portfolio view, aiding in strategic decision-making across different time zones.

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Empowering Investment Managers: Charles River Compliance & Regulatory Solutions

Centralized Compliance Monitoring and Management

Charles River IMS offers a cutting-edge solution for investment managers by providing centralized compliance monitoring and management throughout the investment life cycle. With a suite of complementary services, this solution is dedicated to reducing costs and ensuring compliance with a wide array of global regulations. By automating the compliance workflow and supporting rule-building, testing, and maintenance, investment managers can streamline their operations efficiently.

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