State Street Allows More Customization on WealthConnect Platform
State Street Corporation said it enhanced its wealth management platform to allow for customizable interfaces for its wealth management customers.
State Street WealthConnect provides access to State Street through a Web-based platform that integrates with State Street’s investment servicing solutions including global custody, accounting, and corporate actions monitoring. Through the platform, users can view and create custom reports and queries to analyze accounts, holdings, transactions, and event information, according to State Street.
State Street said the expanded service offering includes customized interfaces and white-label capabilities for wealth managers, including registered investment advisers (RIAs), trust companies, and private wealth management firms and their high-net-worth customers.
State Street said it plans to add more features to the platform—including performance and analytics, administrative workstation, and portfolio management tools—within the next year.