STP Investment Services, a West Chester, PA-based provider of middle office and investment operations outsourcing, fund services and technology solutions, acquired Accusource, an investment operations firm serving the investment management industry.
The amount of the deal was not disclosed.
The acquisition reinforces STP’s operations, technology solutions, dashboards and reporting portals, and broadens STP’s service presence by enhancing its Business Process Outsourcing capabilities.
Led by Ryan Kerry, Founder & CEO, Accusource partners with investment management firms like RIAs, hedge funds, family offices and asset managers to deliver reconciliation, General Ledger integration, performance measurement validation, and statement digitization services. The firm also provides data migration and staff augmentation to guide investment firms through periods of transition or disruption.
Led by Patrick Murray, President & CEO, STP Investment Services is a collaborative partner and provider of technology-driven middle and back office solutions to investment managers, family offices, banks, funds, RIAs, plan sponsors, and other financial institutions. An award-winning firm, STP partners with investment management firms to generate operational alpha by outsourcing some, or all, operations functions, bringing control and bottom-line growth. STP’s flexible technology and outsourcing model allows financial services firms to choose the capabilities that best fit their operating and revenue objectives. A global company, STP has offices in the United States and India.