Charles River helps wealth managers, private banks, RIAs and third party separate account managers efficiently operate all wealth products and business lines on a single platform. Centralized overlay and portfolio management capabilities for fee-based business models including UMA/SMA, Rep as Advisor, Rep as Portfolio Manager, and Mutual Fund/ETF Wrap. Designed to support scalability and efficient operations across the enterprise, the solution enables high volume rebalancing, asset allocation and exception management. Integrated surveillance and compliance helps lower operational risk by supporting implementation and enforcement of client and firm mandates.
The Charles River Wealth Hub is the industry’s first API-driven open network solution, automating and streamlining connectivity between separate account asset managers and wealth management sponsors. The Wealth Hub promotes operational resilience by providing a highly performant and scalable platform, supporting high volume communications, especially critical during bouts of market volatility and end-of-quarter account rebalancing. Wealth Hub supports multiple facets of communication, including model management, instruction handling, order and allocation transmission, beginning of day positions, tax lots and investable cash.