Archer, one of the investment management industry’s leading technology and operations providers, today announced that it has been selected by T. Rowe Price, a global investment management organization, to provide technology and service enhancements supporting its retail managed offering including equity and fixed income solutions.
T. Rowe Price is the latest in a series of firms to join Archer’s platform as the company continues to solidify itself as the most flexible and scalable solution for investment management organizations.
With this new agreement, T. Rowe Price will use the Archer platform for portfolio accounting, performance measurement, and trade order management. As part of its total solution offering, Archer will also provide outsourcing services, including trade lifecycle support, model maintenance and delivery to UMA platforms.
“An important factor in our decision was Archer’s proprietary technology architecture and knowledgeable team, which allowed us to quickly enter the Managed Account market,” stated, Lisa Hanes, Vice President, Product Management - North America, at T. Rowe Price. “As we continue to bring to market new products, Archer’s solution and deep bench in investment operations professionals allows T. Rowe Price to focus on serving the needs of our clients.”
Archer’s fully integrated, cloud-based platform streamlines trade processing and data management across a variety of investment and distribution strategies. It is built to scale seamlessly for retail channels.
“In today’s complex and constantly evolving investment environment, firms like T. Rowe Price are continually looking for ways to expand and adapt their offerings,” stated Bryan Dori, CEO of Archer. “As a technology and services partner, our role is to enable managers to focus their time and expertise on what they do best, delivering performance. We are thrilled to partner with T. Rowe Price as they expand their product offering to better serve their clients.”