STP Investment Services Chosen as Preferred Outsourcing Provider of Cloud-Based Investment Operations for Cramer Rosenthal McGlynn

STP Investment Services, an industry-leading fintech and global investment operations firm that provides complete front, middle, and back office solutions, announced that it formed a strategic outsourcing partnership with Cramer Rosenthal McGlynn, LLC (CRM), a leading value equity manager with a focus on the U.S. small and mid-cap space. In this investment operations outsourcing partnership, STP will support CRM with key solutions that include IBOR accounting, reconciliation, performance measurement, client reporting, and data transparency through STP’s fully integrated SaaS platform.

“In outsourcing our investment operations, our goal was to find an established and reliable provider, with an excellent track record of service, and STP was our top choice,” said Steven Yadegari, Chief Operating Officer and General Counsel, CRM. “STP’s subject matter expertise and secured cloud-based technology gives us added opportunity to scale growth by allowing us to focus on our core competencies, while STP manages our day-to-day operations. We’re looking forward to a long-term, productive partnership.”

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Recently recognized as “Best Outsourcing Provider” by Financial Technologies Forum, STP’s complete front-to-back outsourcing services model includes best-in-class solutions for:

• Post-trade processing
• Trade settlements
• Portfolio accounting
• Reconciliation
• Performance measurement
• Data management and warehousing
• Client reporting
• Fee b******

Powering these services is STP’s Software-as-a-Service (SaaS) platform, which includes standard and custom reporting, packaging, interactive dashboards for performance and reconciliation, and an investor portal. The STP deployment of a global operations team allows for 24-hour support in a true “follow-the-sun” model.

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“Our relationship-based partnership approach provides investment firms like CRM a significant edge in maximizing operational efficiency, transparency into their data, and the best client experience,” said Patrick Murray, CEO, STP Investment Services. “Our persistent progress towards enriching the client experience and innovating with purpose provides the operational stability and control that our esteemed client base needs to overcome many of the challenges encountered in wealth management.”

By partnering with STP, CRM will now have the ability to quickly and easily add other front, middle, and back office services to the outsourcing partnership – activating even greater scale opportunities in the future.

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