Project Harvest entailed a merger through whole-entity acquisition. The parent is currently a leading turn-key asset management platform and one of the nation's largest networks of independent financial advisors and overseeing over $450 billion in client assets. In 2020, with Project Harvest, the parent company acquired a public company with business lines that included RIAs, investment management, and trust management.
About
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Streamline and Optimize – The remit was to consolidate internal and external services, reduce run-rate spend, and reduce the number of subsidiary companies. Renegotiated over 500 vendor contracts to consolidate run-rate costs. Terminated numerous redundant services and vendors. Partnered to implement a consolidated vendor management and accounts payable system. Consolidated corporate insurance, top-producer conferences, real estate, T&E services, facilities services such as pantry and café offerings, printing, overnight shipments, and office supplies. Worked with technology to prepare analysis, budget and ROI for consolidation of four data centers into two data centers, with some functions moving to a hybrid-cloud model. Wrote and ran RFP to select corporate insurance broker and new carriers. Partnered to conduct study for health and welfare benefits considering self-insurance versus the carrier-premium model. Partnered with technology to implement improved cyber defense technology stack across the newly unified corporate network. Partnered with technology to consolidate nine telephone system vendors into one unified service across company. Partnered with application development team to analyze options around insourced versus outsourced investment accounting operating models.
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Key Partners – Company management and a leading onshore/offshore technology value-added reseller.