State Street and FactSet Partner to Streamline Data Flows Across Front, Middle & Back Office

Rhea-AI Summary

State Street and FactSet have announced a strategic partnership aimed at integrating State Street Alpha with FactSet's strengths. This collaboration is designed to streamline data flows across various investment operations, enhancing client experience from portals to custody services. The integration will also support real-time updates of portfolio data and compliance management, aligning with both companies' objectives to provide greater analytics and insights for clients.

Positive

• Strategic partnership enhances integration between State Street Alpha and FactSet's data platform.
• Improved client experience through seamless data flow across investment operations.
• Real-time portfolio updates and compliance management enhance operational efficiency.

Negative

• None.

BOSTON & NORWALK, Conn.--(BUSINESS WIRE)-- State Street and FactSet today announced a strategic partnership integrating State Street Alpha and the complementary strengths of FactSet to streamline data flows across the front, middle and back-office through State Street's Alpha Data Platform.

The two companies expect the collaboration will provide common clients with a seamless and highly functional experience from client portals for equity, fixed income and multi-asset strategies all the way through to custody.

Across the back and middle office, the turnkey integration of State Street portfolio accounting data into FactSet’s leading performance attribution, risk and reporting capabilities fosters a more seamless client experience with portfolio analytics from FactSet also integrated into the State Street Alpha Data Platform. In addition, portfolios in FactSet will update intra-day as trades are executed and allocated in Charles River while proposed trades in FactSet transfer to Charles River for compliance and order management.

“Our clients consistently tell us that they are forging deeper, more strategic relationships with fewer partners and they expect their resulting partners to increasingly collaborate to better support them,” said Phil Snow, FactSet’s CEO. “This partnership exemplifies that concept, and I am thrilled that we are bringing our teams together to put clients first.”

“Data is at the heart of our Alpha strategy, and we remain committed to providing the leading data platform to the investment management industry to provide clients easy access to aggregated data, analytics and real-time insights,” said John Plansky, head of State Street Alpha. “This partnership furthers our Alpha strategy by now enabling Alpha clients to create and analyze portfolios using FactSet.”

About State Street

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 $41.7 trillion in assets under custody and/or administration and $4.0 trillion* in assets under management as of March 31, 2022, State Street operates globally in more than 100 geographic markets and employs approximately 39,000 worldwide. For more information, visit State Street’s website at www.statestreet.com.

*Assets under management as of March 31, 2022 includes approximately $73 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 Global Advisors are affiliated.

© 2022 State Street Corporation - All Rights Reserved

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About FactSet

FactSet (NYSE: FDS | NASDAQ: FDS) delivers superior content, analytics, and flexible technology to help more than 170,000 users see and seize opportunity sooner. We give investment professionals the edge to outperform with informed insights, workflow solutions across the portfolio lifecycle, and industry-leading support from dedicated specialists. We're proud to have been recognized with multiple awards for our analytical and data-driven solutions, with the distinction of having been recently added to the S&P 500 and repeatedly scored 100 by the Human Rights Campaign® Corporate Equality Index for our LGBTQ+ inclusive policies and practices. Subscribe to our thought leadership blog to get fresh insight delivered daily at insight.factset.com. Learn more at www.factset.com and follow us on Twitter: www.twitter.com/factset.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220706005442/en/

Media:

State Street

Ed Patterson

+1(404) 213-3106

epatterson@statestreet.com

Media:

FactSet

Megan Kovach

+1 (512) 736-2795

megan.kovach@factset.com

FactSet

Investor Relations:

Kendra Brown

+1 (203) 810-2684

kbrown@factset.com

Source: State Street Corporation

FAQ

What is the strategic partnership between State Street and FactSet about?

The partnership focuses on integrating State Street Alpha with FactSet's capabilities to streamline data flows across investment operations.

How will the State Street and FactSet partnership affect clients?

Clients will benefit from a seamless experience in managing portfolios, including real-time updates and enhanced analytics.

What assets does State Street manage?

As of March 31, 2022, State Street has $41.7 trillion in assets under custody and $4 trillion in assets under management.

What does the integration of State Street Alpha and FactSet support?

The integration provides better portfolio analytics, risk assessment, and reporting capabilities to clients.

How many users does FactSet cater to?

FactSet serves over 170,000 users globally with its data and analytics solutions.