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