HighMark, a registered investment adviser and wholly owned subsidiary of MUFG Union Bank, says Clearwater’s web-based management platform will help the firm expand its client base while providing more advanced portfolio reporting capabilities.
“HighMark emphasizes innovation to stay ahead of the status quo and provide value to clients, which are key factors when catering to a broad, diverse set of clients,” says Dave Boren, Clearwater CEO. “We welcome the HighMark partnership. Our goal is to provide them with superior portfolio accounting and reporting, accurate and timely trading data, and in turn, glean more insights into asset management software needs by connecting with a key player in the industry.”
With nearly $15 billion in assets under management, San Francisco-based HighMark has partnered with Clearwater in an effort to provide more data for its clients, without adding more work for portfolio managers. Clearwater’s customizable reports enable HighMark to deliver information and insights to clients more quickly and easily, the firms say.
“We are looking forward to transitioning to Clearwater for investment accounting and client reporting for our separately managed short and core fixed-income strategies,” says David Wines, managing director, chief fixed-income officer, HighMark. “From our portfolio managers to our sales team, Clearwater helps streamline our internal process and further enriches our relationships with clients.”