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Press Release

Madison Investment Advisors Selects Charles River IMS as a Hosted Service

October 20, 2015

Boston, MA – Charles River, a front and middle office investment management solution provider, today announced that investment and wealth management firm Madison Investment Advisors (Madison) has selected the Charles River Investment Management Solution (Charles River IMS) delivered as a hosted service. Madison users will have a fully managed solution for portfolio management, trading, and performance measurement and attribution across the firm’s global equities and domestic fixed income operations. Madison will also be utilizing Charles River’s Data Service, the new portfolio manager workbench, and Scenario Analysis/Advanced Analytics tools.

Madison selected Charles River’s enterprise solution to support its business growth and handle increasing trade volumes and number of accounts. The firm is replacing several systems and consolidating its fixed income portfolio management and global equity order and execution management activities on Charles River’s single integrated platform.

“Charles River will significantly improve productivity for our PM’s and traders by delivering portfolio management and trading capabilities with integrated data, analytics and benchmarks all in one solution,” said Jill Friedow, Managing Director. “Ultimately, we will increase efficiencies across the organization and support best execution for clients while reducing our compliance risk throughout the investment management process.”

“Charles River IMS helps asset managers make better investment decisions by providing risk, performance, portfolio and trade information, as well as all necessary security data and analytics,” said Tom Driscoll, Global Managing Director, Charles River. “Our SaaS-based solution enables firms like Madison to improve operations at a more predictable cost, ensure higher quality data, and provide investment teams with faster access to new functionality.”

About Madison
The Madison organization, founded in 1974, is headquartered at 550 Science Drive in Madison, Wisconsin. The firm and its affiliates oversee more than $15 billion in assets and employ approximately 100 people, with offices in Scottsdale, New York and Toronto. The company manages portfolios of stocks, bonds and mutual funds for a wide range of clients, including mutual fund shareholders via its Madison Funds, institutions and high net-worth individuals. Madison Funds are distributed by MFD Distributor, LLC.

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. Delivered as a hosted service, the solution improves data quality and investment professional productivity, controls risk and lowers technology costs. Charles River serves more than 350 investment firms in over 40 countries in the institutional asset and fund management, private wealth, alternative investments, insurance, banking, and pension markets.