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Glenmede Consolidates Institutional and Wealth Operations on Charles River’s Enterprise Platform

Needing a system capable of handling multi-asset classes at high volumes while ensuring compliance and managing risks, Glenmede chooses Charles River

Lou Pellicori, Chief Technology Officer and Managing Director, Glenmede (Photo: Business Wire)

Lou Pellicori, Chief Technology Officer and Managing Director, Glenmede.

The Glenmede Trust Company, N.A. (Glenmede) has chosen the Charles River Investment Management Solution (Charles River IMS) as the enterprise investment management platform for its institutional and wealth management businesses. The SaaS-based solution provides Philadelphia, PA-based Glenmede with a single system for risk and scenario analysis, portfolio analytics and construction, order and execution management, post-trade processing, compliance, performance measurement, IBOR, and Transaction Cost Analysis.

The Charles River IMS will support Glenmede’s portfolio managers, traders, compliance and operations staff in making and administering public investments across various types of securities. Real-time pricing, reference and benchmark data will be provided and managed via Charles River’s integrated data services.

“The depth of Charles River’s decision support capabilities and their strong commitment to both wealth management and institutional asset management will help us better provide personalized services and sustainable solutions to clients. Their ability to support all asset classes and handle high volume in a single system allows Glenmede to streamline processes to reduce risk while planning for future growth,” said Lou Pellicori, Chief Technology Officer and Managing Director, Glenmede.

“For many firms like Glenmede, adopting an enterprise platform not only lowers costs but enables standardization, product cross-selling and collaboration between business units,” said Tom Driscoll, Global Managing Director, Charles River. “Consolidating all operations on a single platform provides significant efficiencies as well as a better ability to manage enterprise risk and compliance.”

The Glenmede Trust Company, N.A. (“Glenmede”) is among the nation’s leading investment and wealth management firms with $34 billion of assets under management for high-net-worth individuals, families, family offices, endowment, foundations and institutional clients. Headquartered in Philadelphia, the firm has offices in Ohio, Delaware, New Jersey, New York City and Washington DC. 

Charles River enables sound and efficient investing across all asset classes. Over 350 firms worldwide use Charles River IMS to manage more than US$25 Trillion in assets in the institutional investment, wealth management and hedge fund industries. Our Software as a Service-based solution automates and simplifies investment management on a single platform – from portfolio decision support and risk management through trading and post-trade settlement, with integrated risk and compliance throughout. Headquartered in Burlington, Massachusetts, we support clients globally with more than 750 employees in 11 regional offices.