Hefren-Tillotson rolls out Charles River IMS

Source: Charles River Development

Charles River Development (Charles River), a front- and middle-office investment software solutions provider, today announced that Hefren-Tillotson, a Pittsburgh-based wealth manager with over US$5 billion in assets, has implemented the Charles River Investment Management System (Charles River IMS) across its discretionary investment advisory operations.

The implementation, delivered on-time and on-budget, supports Hefren-Tillotson's growth strategy by automating its portfolio management and trading capabilities, and ensuring real-time, pre-trade compliance across portfolios and customer accounts. Interfaces with Hefren Tillotson's brokers and data and accounting providers allow users to automatically deliver mutual fund orders and equity allocations via Charles River IMS.

"Charles River understands the wealth management business," said Donald Belt, Chief Investment Officer, Hefren-Tillotson. "Within days of going live, we significantly reduced the time spent calculating allocation targets, executing trades, examining the tax impact of potential trades, and rebalancing accounts. Through the use of Charles River IMS, we can ensure that trades are compliant throughout the day - in real-time and across our organization."

"Charles River offers wealth managers like Hefren-Tillotson advanced capabilities for modeling, trading and monitoring mass affluent, high-discretion SMA and UMA accounts," said Tom Driscoll, Managing Director, Global, Charles River Development. "Portfolio Managers and Financial Advisors can construct and rebalance portfolios, ensuring tax optimization across individual or multiple accounts and households."

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