Clearwater, a leading SaaS solution for investment data aggregation, reconciliation, accounting, and reporting, today announced the launch of a new platform connection in partnership with Goldman Sachs & Co. LLC (GS&Co.) and Goldman Sachs Asset Management (GSAM). This partnership will link Clearwater with the Goldman Sachs Liquidity Solutions Portal, an online platform for trading, reporting, and analytics for liquidity investments, for a single sign-on experience.
Currently, investors who use both money market funds and separately managed accounts (or invest in direct securities) are required to access multiple systems to view their current short-term investments, obtain information to help them make informed investment decisions, and place trades. This new partnership will enable Clearwater and Goldman Sachs Liquidity Solutions Portal users to access their investments through connected platforms, which offer consolidated dashboards for all short-term investments, providing an optimally-designed view across funds, direct securities, and separately managed accounts.
This collaboration underscores both firms’ continued commitment to develop innovative tools to help investors manage their liquidity needs. Connecting Clearwater’s leading portfolio reporting and analytics capabilities with the Goldman Sachs Liquidity Solutions Portal execution services, risk management tools, and global market intelligence will provide users with a more comprehensive suite of liquidity management tools.
The integrated capabilities are available now, and users may be eligible for Goldman Sachs’ new Mosaic platform beginning in 2020.
“Our clients need more comprehensive solutions, including access to real-time data, trade execution pathways, and prime fund NAV details to support their daily investment data and trade operations. We are committed to providing those solutions, and this partnership and connectivity with Goldman Sachs’ liquidity platform is a big step in that direction,” said Scott Erickson, Chief Operating Officer at Clearwater Analytics. “Goldman Sachs has been a great partner, and our shared values of innovation and client success make this a very exciting new venture.”
“Liquidity management is a highly-fragmented space with a number of inefficiencies for our clients,” said Kathleen Hughes, Global Head of Liquidity Solutions Client Business. “This partnership will provide a consolidated dashboard across short-term portfolio holdings, combined with the fund trading and risk analytics of a leading execution platform. We’re excited about the opportunity this partnership represents for our clients and look forward to driving further innovation with Clearwater.”