From a major acquisition and monumental milestone to an expanded new headquarters, STP Investment Services has moved on from surviving a rough era for financial services to thriving with a global reach.
Fresh off its acquisition of Chadds Ford’s Financial Control Systems, STP Investment Services has attained the milestone of $100 billion in assets under administration, and next month, it will move its center of operations from Exton to more space in West Chester.
“When I started STP Investment Services in 2008, it was one of the toughest times the industry and our country had ever seen,” President and CEO Patrick Murray said. “Eight years later, I’m prouder than ever to be able to work alongside such a talented team and esteemed set of clients and partners every day.
“This milestone of managing over $100 billion worth of assets under administration is just the beginning for us.”
Indeed, STP has enjoyed 40 percent annual growth since it started with $2 billion, and the company is on pace to employ 75 people this year and more in 2017.
“I am greatly satisfied that the excellent and experienced staff of FCS has now joined with STP Investment Services in continuing to forge a greatly respected and successful business enterprise,” FCS President Roger Cerasoli said after the merger.
Check out more VISTA Today coverage of STP Investment Services here.
