The newly added capabilities to State Street’s Wealth Connect platform include investment policy compliance, administrative reviews, trade order management and integrated account management capabilities.

WealthConnect offers access to State Street through a customizable web-based platform which is integrated with State Street’s investment servicing solutions including global custody, accounting and corporate actions monitoring.

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The enhancements automate several manual functions such as account set up and maintenance, cash disbursements and asset transition.

Clients can customize their operational workflows and approval rules to fit their processing requirements.

The new pre- and post-trade compliance capabilities include a rules-based engine with alert functionality that automates the monitoring of investment objectives.

In support of Regulation 9 requirements, the new features also enable clients to design and complete trust review questions online, prompt for additional users’ actions, and create an audit trail of all completed steps. The monitoring technology is designed to minimize risk and create seamless web-based processes for trustees and wealth managers.

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State Street clients can access the full solution or select to use a portion of the stand alone components of the new capabilities through WealthConnect, depending on their firms’ needs.

The WealthConnect platform also enables wealth managers to manage the accounts and holdings of their high net worth clients whether they are held in custody at State Street or with other custodians, providing a comprehensive view of the client’s entire investment portfolio.