State Street (NYSE:STT) has launched a new actively managed Prime Money Market ETF and signed a wealth management technology agreement with Mariner to use its Charles River platform. These actions aim to expand State Street’s fee-based businesses, focusing on asset management and front-office software, addressing investor demand for liquidity and integrated portfolio management tools. The success of these initiatives, particularly the ETF’s adoption and the smooth rollout of Charles River with Mariner, will be key indicators of State Street’s ability to drive growth through its fee streams and deepen client relationships amidst market competition.
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State Street Expands Fee Businesses With New ETF And Mariner Deal
State Street (NYSE:STT) has launched a new actively managed Prime Money Market ETF and signed a wealth management technology agreement with Mariner to use its Charles River platform. These actions aim to expand State Street’s fee-based businesses, focusing on asset management and front-office software, addressing investor demand for liquidity and integrated portfolio management tools. The success of these initiatives, particularly the ETF’s adoption and the smooth rollout of Charles River with Mariner, will be key indicators of State Street’s ability to drive growth through its fee streams and deepen client relationships amidst market competition.