Mariner Wealth Advisors Adopts State Street’s Charles River Platform
Mariner Wealth Advisors has selected State Street’s Charles River front-to-back investment management platform to streamline its order management, compliance and portfolio reporting functions. The partnership covers integration across Mariner’s multi-family RIA operations, potentially boosting State Street’s technology fees in the wealth segment.
1. Mariner’s Platform Selection
Mariner Wealth Advisors has entered into an agreement to implement State Street’s Charles River front-to-back investment management system, covering order management, compliance checks and portfolio accounting across its multi-family RIA business.
2. Platform Capabilities and Integration
The Charles River suite offers real-time pre- and post-trade compliance, automated order routing and consolidated reporting; Mariner plans a phased rollout to integrate its advisory teams over the next several months.
3. Implications for State Street
This win expands State Street’s footprint in the wealth management technology market, adding a large RIA client and supporting recurring technology service fees that could incrementally boost its asset servicing revenues.