STP Institute

STP Mentioned In Reuters: Failed Wall Street trades rate roughly stable under faster settlement

Our AVP, Kaisha Lourens, Schnoll, has been featured in a recent Reuters article discussing the stability of Wall Street trades under the new settlement cycle.

Kaisha’s insights on the T+1 settlement transition highlight her expertise and dedication to the industry.

Read the full article:
https://lnkd.in/dNtaMfbx

STP Shortlisted for Best Fund Administration Service

STP is thrilled to announce that we have been shortlisted for the 2025 Private Asset Management Awards for Best Fund Administration Services recognizing STP as one of the best in the private wealth management community.

Now in its 21st year, the Private Asset Management Awards honor outstanding achievements in the US private wealth management space. For over two decades, these Awards have provided a platform for top investment professionals, wealth advisors, legal firms, consultants, and other key service providers operating within the sector to showcase their accomplishments.

SEC warns firms to get their AI house in order

STP’s Lori Weston, Director of Product and Strategy was mentioned in FinancialPlanning’s SEC warns firms to get their AI house in order.

The SEC might have stepped back from a new proposal meant to make advisors responsible for eliminating conflicts of interest in AI-generated investing recommendations. But artificial intelligence, machine learning, and similar technologies remain top concerns for the industry watchdog, as evidenced by a report on examination priorities released Monday.

Lori says the concerns extend to third-party firms who might use AI to provide outsourced services to advisory firms. This is particularly true for vendors who provide help with investment selection and management.

“Advisors should review their overall policies regarding the supervision and oversight of all third-party providers, with a particular focus on the third-party provider’s use of AI,” Weston said. “In today’s interconnected environment, AI risks can infiltrate a firm’s operations via third-party vendors.”

Read more about this article and what Lori shares here.

STP Mentioned in Mergers & Acquisitions

STP is proud to be mentioned in Mergers & Acquisitions September/October M&A Magazine on LP’s Focus on Value. STP’s Dan Ceneviva, Head of Product and Technology discussed how it is not just more detailed data that is being demanded but the different types of data being added to what’s already expected.

Dan goes on to say that Wealth Managers are allocating more of their Ultra-High Net Worth’s capital into these funds, and there’s a growing expectation from those investors to receive the type of information that a typical retail investor is used to receiving and should be able to understand.  Secondly, GPs are getting more detailed requests from LPs in the due diligence process, which includes more details about past performance and track record.

Click here to read his comments further.