STP Investment Services, a global technology-enabled investment operations service provider, has acquired WealthSite, a firm that offers accounting, portfolio management, reporting and analytics services.
Wealthsite offers its services to single and multi-family offices, wealth advisory firms and money managers serving ultra-high-net-worth clients. This acquisition brings STP’s total assets under administration to over $400 billion and looks to drive STP’s cloud-based Blueprint platform, which provides clients and investors with analytics, reporting and digital services for market applications.
“By adding the firm’s experienced professionals and best-of-breed reporting solutions to our existing capabilities, we’ll not only be able to accelerate the BluePrint technology roadmap, but also reinforce our commitment to providing high-touch operational outsourcing services that enable family offices and wealth advisory firms to navigate and deliver against the complex needs of the clients they serve,” says Patrick Murray, STP’s CEO and founder.