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Charles River serves over 350 Buy-Side Institutional and Wealth Management clients in 30 countries. Over half of the top 50 investment managers globally rely on Charles River IMS with more than 25,000 professionals worldwide rely on Charles River to streamline operations and lower risk. Charles River’s Wealth Management Solution helps sponsors, asset managers and financial advisors support all discretionary and non-discretionary products on a single, highly scalable platform that accommodates large numbers of users and account volumes. Multi-asset portfolio, order and execution management capabilities facilitate mass rebalancing, asset allocation, tax optimization and drift monitoring from client mandates. Integrated compliance and surveillance minimizes the risk of regulatory violations and supports adherence to Investment Policy Statements. The solution provides centralized overlay for SMA, UMA, UMH, Mutual Fund/ETF Wrap products and Rep-as-Advisor and Rep-as-Portfolio Manager business models. SaaS-based delivery ensures always-current functionality, improved data quality and cybersecurity, and accelerates time-to-market for new products.

Randy Bullard

Global Head of Wealth at Charles River, a State Street Company

Award Category
Technology Providers>Model Marketplaces
Initiative
Asset Manager Wealth Hub

Charles River Wealth Hub is a next-gen model marketplace and managed account technology platform. By democratizing access to a broad selection of model-based strategies from leading institutional asset managers, Wealth Hub empowers advisors with valuable intellectual property in a scalable and easily consumable way. This enables advisors to serve a more diverse clientele across demographics, age and financial objectives. Freed from managing daily investment decisions, advisors can focus on greater client engagement and delivery of higher margin services. Wealth Hub also supports traditional discretionary separate accounts with dashboard-based communication of orders, tax lots, start-of-day positions, allocations, intra-day cash and account instructions between managers and sponsors. This ensures advisors can offer the optimal delivery vehicle for investment management advice and guidance to their clients.

Award Category
Technology Providers>Unified (all-in-one) Systems
Initiative
Charles River’s Wealth Management Solution

Charles River’s Wealth Management Solution helps wealth managers, private banks, and advisors support all products and business lines on a single platform, and provides centralized overlay and portfolio management capabilities for UMA/SMA, Rep as Advisor, Rep as Portfolio Manager (RPM) and Mutual Fund/ETF Wrap business models. Designed for performance and scalability, the solution enables high volume rebalancing and asset allocation. An investment book of record (IBOR) enables sleeve-level accounting and provides a real-time view of positions and investable cash. Integrated surveillance lowers operational risk by supporting implementation and enforcement of client and firm mandates. Advisors benefit from integrated portfolio management tools, order management, and performance reporting. Wealth Hub, an open architecture communication network, streamlines and automates interactions between advisors, managers and sponsors.

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About the Initiative

Guided Income Solutions℠ (GIS) is a turnkey, bucketed investment solution designed to deliver steady and tailored cash flows to clients planning for retirement. The bucketed investing framework provides an intuitive approach to converting clients’ nest eggs into an automatic income replacement based on their personal financial goals; the buckets automatically rebalance to systematically reduce risk and accommodate investors’ needs. GIS provides an alternative to annuities; delivering an investment approach that is flexible, liquid, and cost-effective.

GIS aims to transform and enhance current retirement income solutions, to:

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