Meeder Preps New Portfolio Management System


Meeder Investment Managment expects to complete the rollout of a new portfolio management system by the end of the year or in the first quarter of 2017, according to company officials.

The asset manager spent three to four months thoroughly evaluating the Tradar PMS platform Eze Software, according to Ted Clark, director of investment operations at Meeder Investment Management.

Ted Clark, Meeder Investment Management

Ted Clark, Meeder Investment Management

“We deliver investment solutions across a multitude of channels, i.e. we have our mutual funds, we have separately managed accounts, but we also deliver investment solutions across some third-party asset management platforms, retirement platforms, and other distribution channels,” he told Markets Media. “So, Eze Software wanted to understand all of our business needs before finalizing on whether their PMS could support our needs. It was about a three-month process.”

The PMS implementation comes on the heels of Meeder’s dual deployment of the vendor’s RealTick execution management system and Eze order management system, which went live in 2015.

The EMS and OMS platforms replaced platforms that Meeder had developed internally.

“Our asset side grew substantially, so we needed to source liquidity in the market and needed to trade more frequently,” explained Clark. “There was a lot of overlap amongst our strategies, so we needed the ability to block up the trades and allocate those trades when partial fills were happening in the market.”

Clark’s team rolled out the EMS and OMS platforms in approximately six weeks without outside help.

“It was more a new functionality that we were looking to streamline as opposed to a full-scale replacement of an existing system,” he explained.

However, Meeder is working with Eze’s implementation team to deploy the PMS platform across multiple business lines since a lot of functionality crosses over from the OMS to the PMS, according to Clark.


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