HighMark Capital Management Selects Clearwater Analytics

Clearwater to Offer Daily Reconciliation and End-Client Reporting to HighMark Capital Management to Further Strengthen Asset Manager’s Client Base

BOISE, Idaho--()--HighMark Capital Management, Inc., a San Francisco, California-based, SEC-registered investment adviser and wholly owned subsidiary of MUFG Union Bank, N.A., has selected Clearwater Analytics® to provide investment accounting and reporting and data management. Clearwater’s web-based platform will allow HighMark to further expand its book of business and provide its clients with best-in-class portfolio reporting.

HighMark has always believed in long-term financial philosophies facilitated by the use of innovative solutions. Its three-pronged approach ties together research, disciplined investment processes, and thorough risk management to provide single and multi-asset investment strategies for retirement plans, public agencies, corporations, and educational institutions through institutional separate accounts, separately managed accounts, collective investment trusts, and sub-advised mutual funds.

As HighMark explored new solutions that could enhance their current processes, they recognized that Clearwater’s innovative daily reconciliation technology could add another layer of data for HighMark’s clients, without adding more work for portfolio managers. Using Clearwater’s easily customizable reports, HighMark delivers the information and insights their clients need even faster and with greater ease. The change to Clearwater allows HighMark to focus on what they do best—making the smartest investment decisions for their clients without worrying about their capacity to keep growing rapidly. The HighMark partnership will provide Clearwater with deeper exposure to deliver the services and software needed by asset management industry leaders, like HighMark, to continue to stay ahead of the competition.

“We are looking forward to transitioning to Clearwater for investment accounting and client reporting for our separately managed short and core fixed income strategies,” said David Wines, Managing Director, Chief Fixed Income Officer, HighMark Capital Management. “From our portfolio managers to our sales team, Clearwater helps streamline our internal process and further enriches our relationships with clients.”

“HighMark emphasizes innovation to stay ahead of the status quo and provide value to clients, which are key when catering to a broad, diverse set of clients,” said Dave Boren, CEO of Clearwater. “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.”

Clearwater Analytics offers asset managers the following core platform functionality:

  • Transparency: Single, consolidated view of investment assets
  • Accuracy: Daily aggregation, reconciliation, and validation of portfolio data from multiple sources
  • Integration: Accounting, compliance, performance and risk analytics reporting in a single solution
  • Detail: Drill-down capability to the tax-lot level
  • Flexibility: Custom dashboards, reports, date ranges, portfolio views, entitlements and benchmarks
  • Timeliness: Intuitive, web-based interface, accessible anytime, anywhere

About HighMark Capital Management, Inc.

San Francisco-based HighMark Capital Management, Inc. (HighMark), is an SEC-registered investment adviser, with nearly $15 billion in assets under management. Since 1919 HighMark and its predecessors have been managing institutional separate account portfolios for a wide variety of for-profit and nonprofit organizations, public agencies, public and private retirement plans, and personal trusts of all sizes. HighMark also serves as sub-adviser for mutual funds, common trust funds and collective investment funds. HighMark is a wholly owned subsidiary of MUFG Union Bank, N.A. MUFG Union Bank is a proud member of the Mitsubishi UFJ Financial Group, one of the world’s largest financial organizations. To learn more about HighMark please visit highmarkcapital.com.

About Clearwater Analytics

Clearwater Analytics is the leading provider of web-based investment portfolio accounting, reporting, and reconciliation services for corporate treasuries, insurance companies, and investment managers. Clearwater aggregates, reconciles, and reports on over $1.2 trillion in assets across 25,000+ accounts daily. For over a decade Clearwater has partnered with investment managers of all sizes, allowing them to focus on their core business and grow their firms. Clearwater technology and service allows our partner firms to capitalize on new opportunities, strengthen their existing client relationships, and streamline their internal processes. Clearwater remains committed to continuous improvement of the solutions we are providing to current clients, while encouraging prospective firms to rethink how they approach their operational challenges. For more information about Clearwater Analytics, visit clearwateranalytics.com.

Contacts

Clearwater Analytics
Nikki Henderson, +1-208-489-3910
PR Specialist
nhenderson@clearwateranalytics.com

Release Summary

Clearwater to Offer Daily Reconciliation and End-Client Reporting to HighMark Capital Management to Further Strengthen Asset Manager’s Client Base

Contacts

Clearwater Analytics
Nikki Henderson, +1-208-489-3910
PR Specialist
nhenderson@clearwateranalytics.com