12th Street Asset Management has selected Archer, a technology and services provider for the investment management industry, to support the firm's growth across all channels, including separately managed accounts, a limited partnership and model delivery clients.
Archer will provide technology and services in support of 12th Street's investment products with features and services that will allow the firm to effectively scale operations to accommodate future growth.
12th Street Asset Management is an employee-owned, Nashville-based asset management firm, managing roughly USD1 billion dollars. In selecting Archer's web-based technology to support its business with a single investment book of record, 12th Street is able to strengthen its business continuity capabilities while gaining straightforward firm-wide views of assets and positions across all of its products and channels.
"Archer's unique blend of services was an important factor in our decision," says D Andrew Shipman, partner at Nashville-based 12th Street. "Its ability to expand our operational capacity across all channels and products allows us to remain focused on our core competency as we grow our firm."
In addition to the Archer platform, 12th Street will be relying on Archer's suite of outsourced services including trade administration, model delivery, account processing, reconciliation, performance measurement, composite management and corporate action processing.
"We're thrilled to provide 12th Street the leverage it needs to accelerate its growth," says Bryan Dori, Archer CEO. "Our partnership honours 12th Street's traditions, applying our flexible ecosystem to let its portfolio managers focus on clients' success."
Katarina Hauben, chief operations officer at Archer, adds: "It's gratifying to see our expanded suite of specialty operations services attracting a prestigious boutique such as 12th Street. We look forward to supporting the firm in the years to come."
