M&G Extends Current Arrangement M&G Corporate Services Ltd., a part of M&G plc, has picked State Street to provide outsourced middle office services in an arrangement that extends a 10-year partnership with M&G, officials say. M&G is already getting fund accounting and custody services from State Street. The extension will mean that State Street can… Read More >>
Finastra & CloudMargin Launch Collateral Management Service
Finastra’s FusionFabric.cloud Links to CloudMargin Financial services systems vendor Finastra is partnering with CloudMargin, a collateral and margin control solutions provider, to offer an integrated collateral and margin management solution via a Software-as-a-Service (SaaS) model. The “Collateral Management as a Service,” will be hosted by CloudMargin and available through Finastra’s FusionFabric.cloud platform, officials say. The… Read More >>
Startup Dakota Wealth Management Picks Pershing Advisor Solutions
New Firm Taps Pershing Advisor Solutions BNY Mellon’s Pershing Advisor Solutions has been picked as a custody partner for Dakota Wealth Management, a newly launched investment management firm. Dakota, headquartered in Palm Beach Gardens, Florida, currently manages $600 million in client assets, according to a statement, which notes that the average registered investment advisor… Read More >>
Broadridge Enters Robo-Advisory Market via Wealthsimple Partnership
Broadridge Targets Next-Generation Investment Strategies Broadridge Financial Solutions is partnering with Wealthsimple, a digital investing service in Canada, to, automated investment management, also known as “robo-advisory services,” that will support advisor-investor and direct-to-investor models, officials say. The partnership will integrate Broadridge’s capabilities with the Wealthsimple technology platform, in an effort to “drive efficiencies in client… Read More >>
Broadridge Names Chief Commercial Diversity Officer
Broadridge Creates Senior Position to Advance Diversity Broadridge Financial Solutions reports that Frieda Lewis has been named managing director, chief commercial diversity officer. In 2008, Lewis joined Broadridge, a provider of investor communications and technology-driven solutions for banks, broker-dealers, mutual funds and corporate issuers, as managing director, global relationship management. “She is credited with launching… Read More >>
TORA Releases Real-Time Stock Borrow Solution
Tora, a provider of trading technology services, reports the release of a stock borrow management solution integrated with prime broker eLocate platforms. The eLocate feature also is integrated with Tora’s allocation engine, which can distribute borrow across different accounts with different prime brokerages, according to a Tora spokesperson. The solution enables clients to transform an… Read More >>
TORA Unveils Prism System
TORA, a provider of trading technology and financial services, reports the release of its portfolio and risk management system, named Prism. Prism offers TORA clients “portfolio and risk features in … fully integrated with its … order and execution management system (TORA Compass),” the company, which characterizes itself as a provider of “products that have… Read More >>
