Chevy Chase Trust Co Forges Another Agreement

Tom Burroughes

25 January 2018

Washington DC-based Firm Chevy Chase Trust Company has chosen fintech firm FIS to provide it with a unified wealth management platform, a move coming two months after the business chose the Charles River Investment Management solution for another part of its operations.

The agreement, which runs for several years, means FIS will provide a full suite of technology and operations services on a managed basis for Chevy Chase Trust, including custody services, trust operations, mutual fund clearing, pension processing, data warehousing, and client relationship management.

FIS will also provide to Chevy Chase Trust its recently launched, digital client service portal, as well as its WealthStation solution for goal-based investing and financial planning, FIS said in a statement yesterday.

Chevy Chase Trust is a privately held trust and investment management firm that manages more than $28 billion in assets for high net-worth clients, investment advisory firms and other clients. The firm, as previously reported , announced it will use Charles River IMS for portfolio management, trading, performance measurement and attribution, and post-trade processing .

FIS provides wealth management services and solutions to more than 600 firms around the world, it added.