STP Investment Services, a West Chester company that tracks clients’ asset values, including those in Russia, has received backing from Radnor investment firm Lovell Minnick Partners for its expansion, writes Joseph DiStefano for The Philadelphia Inquirer. 

Lovell Minnick Partners focuses primarily on fast-growing financial service technologies. 

“For the last two weeks, everyone is scrambling to find out what is in their portfolio,” said Spencer Hoffman, partner at Lovell Minnick. “That level of transparency is the future of asset management – not only when there’s war in Eastern Europe, but when clients demand to know their ‘carbon footprint,’ their exposure to fossil fuels,” and the impact other public issues have on investment assets. 

The company is betting on this future by investing an undisclosed sum in STP, a 250-employee firm run by its founder, Patrick Murray. It serves clients with more than $300 billion invested from its offices in West Chester and Bengaluru, India. 

STP’s BluePrint software platform collects, processes, and presents ever-changing asset valuations for various types of investments, from both the investors who own them as well as from outside sources. 

Read more about STP Investment Services in The Philadelphia Inquirer.