State Street Boosts Wealth Management With Groundbreaking Alpha Partnership

State Street Boosts Wealth Management With Groundbreaking Alpha Partnership

State Street Takes Alpha Investment Management to New Heights with Harris | Oakmark Partnership

Chicago-based investment management firm Harris | Oakmark has successfully integrated State Street’s cutting-edge front-to-back servicing platform, Alpha. The partnership marks a major milestone for both parties, solidifying State Street’s position as a leader in the wealth management industry.

Young Lee, chief operating officer at Harris | Oakmark, expressed delight with the progress made during the first phase of the integration process. “We’re thrilled to partner with State Street on their Alpha platform,” Lee said. “The platform will enable us to operate in a highly efficient environment, allowing us to deliver exceptional services to our clients while maintaining our commitment to excellence.”

State Street’s Alpha proposition has been gaining momentum in recent months, and the firm’s CEO Ron O’Hanley attributes its success to its ability to provide a competitive advantage. “For years, we’ve talked about our strategy and why I believe it’s essential,” O’Hanley said during the firm’s third-quarter earnings call. “The opportunity to deepen relationships and the sticky nature of our business model make it an attractive solution for wealth managers.”

The partnership with Harris | Oakmark is a significant win for State Street, providing middle-office services to over 2,000 private wealth and retail SMA accounts. This move allows State Street to further showcase its data capabilities and deepen relationships with key clients like Harris | Oakmark.

State Street’s Alpha proposition has been gaining momentum in recent months, and the firm’s CEO attributes its success to its ability to provide a competitive advantage. The partnership is expected to enable Harris | Oakmark to enhance its investment management services by utilizing State Street’s platform.

Harris | Oakmark head John Plansky stated, “This partnership marks another significant milestone for our Alpha business broadly.” By providing middle-office services to this prominent firm, State Street strengthens its position in the market and demonstrates its expertise in wealth management.

As part of their agreement, Harris | Oakmark will utilize State Street’s Alpha platform to enhance its investment management services. With the integration now complete, State Street is poised to continue delivering exceptional value to clients while expanding its presence in the wealth management industry.

The partnership serves as a testament to the firm’s commitment to innovation and customer satisfaction. As both parties look to the future, they’re confident that their collaboration will drive success and shape the future of investment management.

Latest Posts