HighMark Capital Management selects Clearwater Analytics

14 January 2015

Clearwater to Offer Daily Reconciliation and End-Client Reporting to HighMark Capital Management to Further Strengthen Asset Manager’s Client Base 

HighMark Capital Management, Inc., a San Francisco, California-based, SEC-registered investment adviser and wholly owned subsidiary of MUFG Union Bank, N.A., has selected Clearwater Analytics® to provide investment accounting and reporting and data management. Clearwater’s web-based platform will allow HighMark to further expand its book of business and provide its clients with best-in-class portfolio reporting.

HighMark has always believed in long-term financial philosophies facilitated by the use of innovative solutions. Its three-pronged approach ties together research, disciplined investment processes, and thorough risk management to provide single and multi-asset investment strategies for retirement plans, public agencies, corporations, and educational institutions through institutional separate accounts, separately managed accounts, collective investment trusts, and sub-advised mutual funds.  

As HighMark explored new solutions that could enhance their current processes, they recognized that Clearwater’s innovative daily reconciliation technology could add another layer of data for HighMark’s clients, without adding more work for portfolio managers. Using Clearwater’s easily customizable reports, HighMark delivers the information and insights their clients need even faster and with greater ease. The change to Clearwater allows Highmark to focus on what they do best—making the smartest investment decisions for their clients without worrying about their capacity to keep growing rapidly. The HighMark partnership will provide Clearwater with deeper exposure to deliver the services and software needed by asset management industry leaders, like HighMark, to continue to stay ahead of the competition.   

“We are looking forward to transitioning to Clearwater for investment accounting and client reporting for our separately managed short and core fixed income strategies," said David Wines, Managing Director, Chief Fixed Income Officer, HighMark Capital Management. “From our portfolio managers to our sales team, Clearwater helps streamline our internal process and further enriches our relationships with clients.”

“HighMark emphasizes innovation to stay ahead of the status quo and provide value to clients, which are key when catering to a broad, diverse set of clients,” said Dave Boren, CEO of Clearwater. “We welcome the HighMark partnership. Our goal is to provide them with superior portfolio accounting and reporting, accurate and timely trading data, and in turn, glean more insights into asset management software needs by connecting with a key player in the industry.”

Clearwater Analytics offers asset managers the following core platform functionality:

  • Transparency: Single, consolidated view of investment assets
  • Accuracy: Daily aggregation, reconciliation, and validation of portfolio data from multiple sources
  • Integration: Accounting, compliance, performance and risk analytics reporting in a single solution
  • Detail: Drill-down capability to the tax-lot level
  • Flexibility: Custom dashboards, reports, date ranges, portfolio views, entitlements and benchmarks
  • Timeliness: Intuitive, web-based interface, accessible anytime, anywhere

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