State Street partners with Solovis for multi-asset class platform upgrade

State Street Investment management solutions provider State Street Corporation (STT) has announced enhancements to its asset owners-focused analytics solution. STT’s multi-asset class platform solution is expected to improve transparency, minimize complexity and simplify performance tracking and regulatory reporting for clients.

Josh Smith, co-founder, and CEO of Solovis said, “We are pleased to partner with State Street to enable a true multi-asset class portfolio management experience that aligns data, people and processes for more accurate, informed insights across the entire portfolio. This alignment will create a truly game-changing experience for asset owners.”

According to STT, its platform comprises the Solovis analytics application and is expected to facilitate data management, accounting book-of-record with alternative data asset including third-party information. Users will be able to evaluate performance results and create customized reports. STT also provides asset allocators a single platform for insights into performance, risk, cash management and more. Solovis’ capabilities will allow clients to calculate performance at every level of a portfolio with all available data points, calculate liquidity on select investments or for the whole portfolio, and analyze exposures across public and private assets.

“The complexity of today’s investment landscape has increased the need for greater transparency across all asset classes and portfolios,” said Brenda Lyons, head of product for State Street Global Services. “For example, asset owners are increasing allocation to alternatives, which require more robust analytics and reporting than traditional assets. To meet this demand for increased visibility, we’ve partnered with Solovis and designed a comprehensive, multi-asset class platform that will equip firms with the information and insights they need to track performance and identify new opportunities for growth.”

Established in 2013 in Texas, Solovis is FinTech offering solutions for institutional investors including a cloud platform for multi-asset class portfolio management, reporting, and analytics and is customized for the asset owner community

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