STP Investment Services Acquires Leading Family Office and Wealth Advisory Fintech Solution, WealthSite
Summary
WEST CHESTER, Pa.--(BUSINESS WIRE)--STP Investment Services (STP), a global, technology-enabled, end-to-end investment operations service provider, today announced it has acquired WealthSite, a firm that provides a fully integrated and highly customized accounting, portfolio management, reporting and analytics platform to single and multi-family offices, traditional wealth advisory firms and money managers serving ultra-high-net-worth (UNHW) clients. BluePrint arms clients and end investors with the critical analytics, reporting and premier digital experiences needed to compete and grow in today’s dynamic market. The addition of WealthSite’s accounting and performance engine, robust reporting and portfolio management capabilities will enhance STP’s ability to solve the challenges of single and multi-family offices, traditional wealth advisory firms and ultra-high net worth clients. “Our team has spent years building and fine-tuning nuances specific to these advisors and clients, including balance sheet reporting and complex ownership accounting, in addition to alternative and esoteric assets,” said Russell Burns, WealthSite’s Co-Founder and Chief Executive Officer. STP has been recognized multiple times for its strong company culture by the Philadelphia Business Journal and Inc. Magazine as well as twice in a row being named as Outsourced Provider of the Year by Financial Technologies Forum (FTF).