Peter Quinn, founding partner and COO of RiverFront, said: “Citi’s OpenSMA platform provides us with several unique features that allow us to accommodate the increasing scale of our business – automated trade order management, step-out processing, Multi-style portfolios (MSP) and Unified Managed Accounts (UMA) capability, fixed income automation and especially seamless connectivity to all our sponsor firms.
We were looking for advanced tools and technology that could handle our growing business and Citi OpenSMA features and connectivity really impressed us.”
Neeraj Sahai, global head of securities and fund services at Citi, said: “RiverFront’s unique managed account products have demonstrated fantastic growth. It is gratifying that they recognize the Open SMA platform’s abilities to deliver scale, fully automated technical systems, institutional quality trade order management, and the innovative features to service RiverFront’s unique asset allocation models and product offerings as well as the rapid pace of their growth.”
