Charles River Wealth to Expand Capabilities Supporting Private Assets within Unified Managed Accounts (UMA)

Key Terms

unified managed accounts (uma) financial

A unified managed account (UMA) is a single investment account that holds multiple strategies and types of assets under one professional management and one statement, like a custom wardrobe where different outfits are organized together but tailored to your needs. It matters to investors because it simplifies record-keeping, allows personalized mix of mutual funds, stocks, and bonds, can reduce overlapping fees and taxes, and makes it easier to see overall performance and risk at a glance.

alternative instruments financial

Alternative instruments are financial contracts or securities used instead of standard shares or bank loans—things like convertible notes, warrants, options, structured products or certain private debt arrangements. Think of them as specialized tools in a toolbox that change who carries risk, how and when cash or ownership is exchanged, and how easily an asset can be sold. Investors care because these instruments can alter returns, dilution, liquidity and legal rights compared with ordinary stock or traditional loans.

semi-liquid instruments financial

Financial assets that can be converted into cash but not instantly or without cost; they sit between highly liquid items like cash or widely traded stocks and illiquid holdings such as private business stakes. For investors, semi-liquid instruments matter because they offer potential returns or diversification while requiring patience, notice periods, or price concessions to exit—think of them like a used car you can sell faster than a custom-built van but likely for less than a showroom model.

illiquid fund structures financial

Illiquid fund structures are investment vehicles that hold assets investors cannot quickly sell or cash out of on short notice, often because holdings are in private companies, property, or long-term contracts and the fund imposes limits on withdrawals or secondary sales. For investors this matters because money can be tied up for months or years, so while potential returns may be higher, you need to plan for limited access to your cash—like parking a car in a long-term lot versus using a drive-up spot.

portfolio rebalancing financial

Portfolio rebalancing is the regular practice of adjusting the mix of investments — such as stocks, bonds and cash — to restore a target allocation after market moves. It matters to investors because it helps maintain the original risk level and investment goals, like trimming positions that grew too large and boosting ones that fell, similar to trimming an overgrown garden to keep all plants healthy and in balance.

cash management financial

Cash management is the process of organizing and controlling a company's or individual's money to ensure they have enough cash on hand for daily needs while making the most of their funds. It’s like managing your weekly allowance to pay bills, save for something special, and avoid running out of money unexpectedly. Good cash management helps prevent financial surprises and keeps everything running smoothly.

trade sequencing financial

Trade sequencing is the practice of arranging the order and timing of buy or sell orders to influence execution price, market reaction, or portfolio outcome. Think of it like deciding the sequence of moves in a game to gain an advantage: the order can change the result even if the moves are the same. Investors care because sequencing affects the price they get, portfolio performance, and can raise legal or fairness concerns if used to distort markets.

alternative investments financial

Alternative investments are assets outside traditional stocks, bonds and cash, such as real estate, private equity, hedge funds, commodities, collectibles, and venture capital. They matter to investors because they can provide different sources of return and risk, like adding a new flavor to a meal, helping diversify a portfolio, potentially smoothing volatility or boosting long-term returns when conventional markets struggle.

BOSTON--(BUSINESS WIRE)-- Charles River Development, a State Street company, today announced plans to expand its support of private market assets within the unified managed accounts (UMA) capabilities offered through the Charles River Investment Management Solution (IMS). Through new enhancements to Charles River IMS, the offering aims to provide a streamlined and integrated solution with advanced portfolio management capabilities across public and private assets within a single portfolio. The expanded solution is intended to address the administrative complexities and product delivery challenges for both enterprise wealth management firms and private asset managers.

Building on longstanding UMA capabilities to hold, value, and position-keep alternative instruments as sleeve options in Charles River IMS, the enhanced capabilities are designed to offer systematic support for asset allocation handling, portfolio rebalancing, cash management, and trade sequencing activities associated with semi-liquid instruments and more traditional illiquid fund structures.

Charles River is also partnering with leading third party providers that support alternative investments to deliver a seamless user experience and simplified workflow. The objective is to provide a differentiated solution in the market through the combination of Charles River’s technology expertise and integrated access to private assets from partners.

“Retail investors are looking for new sources of portfolio return and diversification, and private assets are surging in popularity as a result,” said Swati Verma, Head of CRD Wealth and Advisory Platforms, State Street. “Our goal is to improve and expand access to private assets with an efficient, comprehensive UMA solution that helps wealth managers and advisors navigate the complexities of private markets, ultimately unlocking more value for their clients.”

About Charles River Development, A State Street Company

Investment and wealth managers, asset owners and insurers in ~30 countries rely on Charles River IMS to manage USD $59 Trillion in assets. Together with State Street’s middle and back office services, Charles River’s cloud-based front office technology forms the foundation of State Street Alpha^®.

Charles River IMS helps automate and simplify the investment process across asset classes, from portfolio management and risk analytics through trading and post-trade settlement, with integrated compliance and managed data throughout. Charles River for Private Markets helps solve complex data challenges for investors in private credit, real estate, private equity, and infrastructure. Charles River’s partner ecosystem enables clients to access the data, analytics, application and liquidity providers that support their product and asset class mix. With more than 195% increase in headcount over the last 8 years, Charles River serves clients globally offering 24/7 support. To learn more visit www.crd.com.

*Statistics as of Q3 2025. Assets are inclusive of clients using the platform for purposes of secondary compliance.

About State Street Corporation

State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $53.8 trillion in assets under custody and/or administration and $5.7 trillion* in assets under management as of December 31, 2025, State Street operates globally in more than 100 geographic markets and employs approximately 52,000 worldwide. For more information, visit State Street's website at www.statestreet.com.

*Assets under management as of December 31, 2025 includes approximately $173 billion of assets with respect to SPDR® products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Investment Management are affiliated.

Charles River Development - A State Street Company is a wholly owned business of State Street Corporation (incorporated in Massachusetts).

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Source: Charles River Development