As the world's leading investment service provider, State Street provides an array of customized investment solutions to asset managers, pension funds, hedge funds, insurance companies, collective funds, mutual funds and nonprofits. We offer fund accounting, fund administration, custody, securities lending, investment operations outsourcing, recordkeeping, performance and analytics and transfer agency services that are highly scalable and truly global. With our expertise and local knowledge, we help our customers control costs, develop and launch competitive new investment products, and expand globally.
Accounting Software
Through our subsidiary Princeton Financial Systems, we offer investors the state-of-the-art PAM® suite of portfolio management and accounting products — enabling them to focus on their core business and reduce expenditure on IT infrastructure and overhead. PAM automates the entire investment process and delivers full multicurrency capabilities to address the needs of today's sophisticated investors.
Accounting and Valuation Services
Consolidating assets into a single-system environment, we provide our clients with the exact information they need, when they need it. We leverage technology innovation, proven methodologies and a variety of service models to meet the needs of global sophisticated investors.
State Street Alternative Investment Solutions (AIS), a new business unit recently formed by State Street, brings a comprehensive and dedicated focus to meeting the needs of hedge fund and private equity fund managers. While AIS is new, its collective experience and expertise in servicing alternative investments is well established. In fact, State Street has more than 20 years experience working with leading alpha generating funds.
To meet our clients’ growing needs over the years, State Street acquired International Fund Services (IFS), and more recently, Palmeri Fund Administrators (PFA) and Investors Bank & Trust. These acquisitions expanded our hedge fund and private equity administration services. Today, State Street services more than $550 billion in alternative investment assets under administration.
Capital and Funding Services
Whether investors seek to finance a large project or need short-term credit, we offer a broad range of products to meet their liquidity, funding/financing and asset securitization needs.
Cash Management and Short-term Investments
Effective cash management is an integral component of our customers' overall investment strategy and is critical to successful fund management. We offer a full range of transaction initiation and information delivery services through my.statestreet.com. Available cash management options include call accounts, time deposits, repurchase agreements, and treasury securities. We have developed these capabilities and investment options to help investors improve yield, manage risk and achieve higher operating leverage.
Collateral Management
State Street’s collateral management service eliminates much of the time, risk, and cost associated with managing collateral across products. Regardless of where your assets are held in custody, acting on your behalf State Street can manage the end-to-end processes associated with collateralizing your investments, to effectively mitigate your counterparty risk and allow you to concentrate on your investment strategy. We provide comprehensive collateral management across the most extensive set of instruments in the industry — ensuring that all your investments are properly collateralized, even in volatile market conditions.
Collective Fund Administration
We combine proprietary technology and expert fund administration teams located in the world's leading financial markets to ensure that our clients' funds comply with the appropriate regulatory, financial and tax reporting requirements. Because we constantly monitor industry issues, we keep investors informed about changing guidelines to help minimize their risk.
Custody
For more than 80 years, State Street has been a globally recognized provider of custody services. Today, we service more than
100 markets, providing unique opportunities for our customers around the world.
We provide our diverse customer base with a fully integrated array of core custody services, built on thorough research and expertise in how each market's
events, participants, inherent risks, practices, regulations and operating issues impact the custody of customer assets.
Due to our position as a premier provider of
investment services, we are able to successfully cultivate our presence in local marketplaces around the globe. We develop effective working relationships with
local market participants, including regulators, exchanges, central banks, depositories and subcustody providers. Through the dynamic interchange of
information between State Street and these participants, we are better equipped to deal with market issues and to mitigate custody risk and exposure for our customers.
Custody
For more than 80 years, State Street has been a globally recognized provider of custody services. Today, we service more than
100 markets, providing unique opportunities for our customers around the world.
We provide our diverse customer base with a fully integrated array of core custody services, built on thorough research and expertise in how each market's
events, participants, inherent risks, practices, regulations and operating issues impact the custody of customer assets.
Due to our position as a premier provider of
investment services, we are able to successfully cultivate our presence in local marketplaces around the globe. We develop effective working relationships with
local market participants, including regulators, exchanges, central banks, depositories and subcustody providers. Through the dynamic interchange of
information between State Street and these participants, we are better equipped to deal with market issues and to mitigate custody risk and exposure for our customers.
Expense Administration
State Street’s Expense Administration service streamlines the end-to-end fund expense process, from invoice authorization, tracking, and payment to budgeting, accruals and forecasting. Integrated with State Street’s global accounting system, the service automatically calculates expense accruals, expense limitations, waivers, reimbursements and posting of invoice payments. Approved invoices are seamlessly paid by wire or check, eliminating the need for reconciliation between accounting and custody records. This comprehensive level of integration and automation reduces manual processing and risk, while giving you better control and more flexibility with expense management functions.
Our timely analytical services facilitate investors' decision-making processes by demonstrating the performance of their investments relative to similar portfolios and alongside relevant market information and benchmarks. We also offer value-added services, including consulting and sophisticated investment risk, compliance and trade cost analyses, which give customers the time, tools and information they need to maximize their potential for return.
Outsourcing
State Street provides customized investment operations outsourcing
services for institutional asset managers. Our services encompass all asset
management activities following trade execution through portfolio management
and client reporting, and are easily integrated with the full spectrum of accounting,
custody and fund administration services that State Street provides to sophisticated
investors around the world.
Pension and Investment Consulting
Because we have a long and rich history in the investment industry, we can share a wealth of knowledge with our clients to help them work more efficiently. Investors with a thirst for information turn to State Street as a valuable resource.
Companies who need turnkey benefit payment services - from benefit disbursements to retiree administration - select State Street, the established leader in the field. Our Retiree Services group is a stand alone business line and provides services to more than 750 customers of all types and sizes and processes three million payments per month.
State Street's Retiree Services group provides benefit disbursement services, which involves maintenance and disbursement of retirement payments; and retiree administration, which provides full support to the individuals who receive these payments. We customize our services to meet each client's particular needs and act as an extension of their benefits staff. Our interaction with each company's retirees is consistent with its corporate culture.
Risk and Compliance
Understanding the pressures that investors face in order to manage risk and adhere to investment guidelines, we offer tools to understand and control risk exposure — and assist in addressing liability and reporting issues.
State Street has been a market leader in the securities finance industry since 1974. The length and depth of our experience, and our commitment to this industry, help us understand our clients' needs and the challenges they face. With an expansive global network, state-of-the-art technology, and an industry-leading approach to portfolio and risk management, we provide our clients with around-the-clock opportunities in all major markets.
Systems Integration
We understand that investors need integrated systems to facilitate the investment process and consolidate data for optimal analysis and decision-making. We combine expertise, scale and technology-based resources and tools to integrate systems within their organizations while enabling them to exchange information easily and quickly.
Transfer Agency and Recordkeeping
Utilizing technologically advanced systems, our transfer agency services are automated to efficiently handle large volumes of complex transactions and the multi-jurisdictional regulatory, tax and currency challenges faced by global investors. Our shareholder recordkeeping platform supports a wide range of collective investment products and offers investors a flexible, robust and scalable back-office solution that is multilingual and multicurrency for seamless adaptability to local or international markets.
State Street combines a demonstrated commitment to the wealth management marketplace with our vast intellectual, operational and technological capabilities to provide our customers with a full range of strategic, customized services. When you partner with State Street, you benefit from the in-depth market expertise, dedicated service and flexible solutions of a boutique firm with the scale and breadth of a global financial services institution.
