Mariner Partners with State Street to Use its Charles River Wealth Management Platform

Funds Society. (2024, February 7). Mariner Partners with State Street to Use its Charles River Wealth Management Platform. https://www.fundssociety.com/en/news/business/mariner-partners-with-state-street-to-use-its-charles-river-wealth-management-platform/

• Mariner has entered into a strategic partnership with State Street to implement the Charles River Wealth Management platform across its national advisory business.

• The collaboration is designed to modernize Mariner’s technological infrastructure and streamline investment management workflows for its wealth advisors.

• The Charles River platform provides a comprehensive, end-to-end solution covering portfolio management, trading, and compliance.

• Mariner intends to leverage the platform’s advanced tools to improve advisor productivity and enhance the overall client service experience.

• The integration will allow Mariner’s investment teams to manage high volumes of accounts more efficiently through automated portfolio construction and rebalancing.

• State Street’s platform was selected for its capability to scale effectively alongside Mariner’s rapid growth in assets under management.

• This initiative reflects a broader industry trend of wealth management firms adopting sophisticated enterprise technology to maintain a competitive operational edge.

Knote: It looks like Mariner is going for strong portfolio management and scalability, key strengths for Charles River. I just hope they are still going to focus on ancillary services and Family Office as-a-Service too.