Washington DC-Based Firm To Use Charles River IM's Solution For HNW Businesses

Robbie Lawther

21 November 2017

Washington DC-based firm Chevy Chase Trust Company, an independently owned investment manager, has chosen the Charles River Investment Management solution as the platform for its high net worth and institutional businesses.

The software-as-a-service-based platform will support Chevy Chase Trust’s front- and middle-office in managing domestic fixed income and global equities, the firm said in a statement.

Chevy Chase Trust will utilize Charles River IMS for portfolio management, trading, performance measurement and attribution, and post-trade processing. Charles River’s centralized portfolio management workspace provides portfolio construction, PMA and scenario analysis capabilities with integrated analytics. Charles River will also supply fully-managed reference data and benchmark data.

“Charles River stood out for its expertise in both the wealth management and institutional market segments, as well as its strong support for both fixed income and equity portfolio management,” said Lynn Panagos, chief client services and operations officer at Chevy Chase Trust. “Implementing an enterprise platform with this level of capability will help our portfolio managers enhance their use of analytics in the investment process, and will give our traders better decision support and execution capabilities."

Chevy Chase Trust is a privately owned investment management firm specializing in unique global thematic research, advice and planning for high net worth individuals, families and institutions.

Charles River IMS is used by over 350 firms worldwide to manage more than $25 trillion in assets in the institutional investment, wealth management and hedge fund industries.