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.