First Light Asset Management has selected Market Street Advisors’ Archer MSA investment management platform and a full suite of operational services from MSA Ops.
First Light was established in September 2013 by chief executive and senior portfolio manager Matt Arens and managing director Brett Johnson.
First Light needed a turn-key solution from a company with extensive knowledge of separately managed accounts and back office expertise.
Arens says: "The experience and responsiveness of Market Street Advisors' team was a key element in our decision."
Ron Rawdon, senior vice president, director of new business development at MSA, says: "First Light is a great example of how our technology and services provide a complete solution for investment managers distributing their products across multiple separate-account platforms."
First Light will use Archer MSA for trade order generation, portfolio accounting, performance measurement and reporting. The company will also use complete middle and back-office outsource services from MSA Ops.