In a bold move to democratize wealth-building opportunities, State Street Corporation (NYSE: STT) and UC Investments have entered a strategic partnership to give individuals access to the kind of sophisticated investment tools typically reserved for large institutions and the ultra-wealthy.
This initiative merges advanced investment technologies and artificial intelligence to open up broader access to private markets and personalized financial planning tools. Central to the plan is the development of a comprehensive “superapp,” designed to offer a seamless, all-in-one investment management experience for the 353,000 participants in the University of California’s defined contribution plan. Eventually, the platform may extend to UC’s wider community, including nearly 300,000 students and over two million alumni.
“This alliance deepens our long-standing partnership with UC Investments,” said Ron O’Hanley, Chairman and CEO of State Street. “Together, we’re using innovation to improve financial outcomes for individuals and their families.”
As the world’s fourth-largest asset manager, State Street oversees nearly $5 trillion in assets, including over $1.1 trillion in products for individual investors. The firm also supplies critical investment software and services for wealth managers globally. Currently, State Street manages $110 billion of UC Investments’ $193 billion portfolio and handles custody services for most of it.
For UC Investments, the partnership represents a continued push toward financial inclusion. It builds on its 2024 initiative that made the Blue & Gold Endowment Pool available to individual savers and a 2017 collaboration with State Street to offer Deferred Lifetime Income, an annuity option for UC Retirement Plan participants.
“We’re excited to expand our work with State Street,” said Jagdeep Singh Bachher, UC’s Chief Investment Officer. “This is about empowering every UC community member to take control of their financial future using the same caliber of tools available to institutional investors.”
The upcoming platform aims to transform the investor journey—delivering AI-powered planning, simplified access to private markets, and improved financial literacy. Through this effort, State Street and UC Investments are setting the stage for a more inclusive and forward-looking approach to personal finance.
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News Source: Businesswire.com
