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Press Release

Charles River Survey Ranks Business Drivers for Consolidating Asset Manager-Sponsor Communications

August 05, 2014

Boston – Charles River, an enterprise-wide front and middle office investment management solution provider, today announced results of an Asset Manager-to-Sponsor Communications survey conducted last week with over 100 participants during a webinar. Over three-quarters of participants cited the need to reduce operational costs and manual efforts as the main business driver for consolidating communications with multiple sponsors.

Charles River recently unveiled a new Wealth Hub offering in the Charles River Investment Management Solution Version 9.2 series that allows asset managers with managed accounts to consolidate trades and securely distribute account and model updates to all applicable sponsors in one step.

“Asset managers want to streamline how they communicate with multiple sponsors,” said Tom Driscoll, Global Managing Director, Charles River. “Roughly one-third of attendees at our webinar currently work with 10 to 15 or more target sponsors and spend over 2 to 5 hours a day distributing trade/allocation and strategy updates to them. Eliminating the need to upload the same critical data to each sponsor’s platform increases productivity, reduces risk and strengthens decision support for asset managers and sponsors alike.”

The Charles River survey asked respondents to identify one or more aspects of Asset Manager-Sponsor communications that they were most concerned about. Key findings include:

  • 79% cited the need to reduce operational costs and manual effort
  • 69% seek to reduce risk of operational errors
  • 40% want to improve timeliness of communications
  • 27% need to support increased model delivery

About Charles River
Charles River provides an end-to-end solution to automate front and middle office investment management functions across asset classes on a single platform. The solution offers a simplified operating model that includes enterprise software, data, application management/upgrades, hosting and FIX network to improve investment professional productivity, control risk and lower technology costs. Charles River serves more than 350 investment firms in 43 countries in the institutional asset and fund management, private wealth, alternative investments, insurance, banking and pension markets.