In other news, Pico & BSO expand their partnership, an SEC whistleblower is rewarded at holiday time, and the Options Clearing Corp. announces promotions.
STP to Add WealthSite’s Accounting EngineSTP Investment Services, an investment-operations service provider, reports the acquisition of WealthSite.
WealthSite is a company that “provides a customized accounting, portfolio management, reporting and analytics platform to single and multi-family offices, traditional wealth advisory firms and money managers serving ultra-high-net-worth (UNHW) clients,” STP officials say in a prepared statement.
The acquisition brings STP’s total assets under administration to more than $400 billion, the vendor notes.
“The addition of WealthSite’s accounting and performance engine, robust reporting and portfolio management capabilities will enhance STP’s ability to solve the challenges of single and multi-family offices, traditional wealth advisory firms and ultra-high net worth clients,” STP officials add.
Not incidentally, STP has been named twice in a row as Outsourced Provider of the Year by the readers, followers, and participants of none other than Financial Technologies Forum (FTF) and FTF News. A high honor, indeed.
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