Cutter Associates, founded in 1998 and headquartered in Rockland, Massachusetts, is a leading provider of independent research, custom benchmarking, and consultancy services tailored for the global asset and wealth management industry. The firm is dedicated to enhancing clients' operational capabilities, scalability, and efficiency, thereby generating operational alpha. Cutter Associates emphasizes trust, independence, collaboration, experience, community, and security in its operations.
In June 2016, Cutter Associates was acquired by Nomura Research Institute (NRI), a prominent provider of consulting services and system solutions. This acquisition aimed to expand Cutter's research, benchmarking, and consulting services globally, while offering NRI's buy-side services to Cutter's clientele.
Cutter Associates focuses on delivering independent research, custom benchmarking, and consultancy services to asset and wealth management firms. The firm leverages its deep industry expertise to provide unbiased analysis and insights, enabling clients to make informed decisions and achieve operational excellence.
As a subsidiary of Nomura Research Institute, Cutter Associates benefits from the financial backing and strategic support of its parent company. Specific financial details of Cutter Associates are not publicly disclosed.
Cutter Associates offers a range of services, including independent research, custom benchmarking, and consultancy, to address the operational and technology needs of the asset and wealth management industry. The firm provides clients with tools and services designed to enhance their success.
Cutter Associates distinguishes itself through its commitment to trust, independence, collaboration, experience, community, and security. The firm's analysts and consultants possess deep investment management experience, enabling them to deliver informed advice and solutions. Additionally, Cutter Associates maintains an ISO 27001 certification, underscoring its dedication to information security and privacy.
The leadership team at Cutter Associates comprises seasoned professionals with extensive experience in the investment management industry:
- Cindy Castellano, CFA, CEO: With over 30 years of experience, Cindy has led various practices within Cutter Associates and previously held senior roles at Guggenheim Investments.
- Michiko "Mischa" Matsubara, CFO: Bringing 20 years of experience in financial IT and operations outsourcing, Mischa joined Cutter Associates in 2021 from Nomura Research Institute.
- Gina McCafferty, Principal – Head of Research: Gina has 30 years of experience in financial services and has been instrumental in growing Cutter Associates' research division.
- Natalie McIntyre, Head of Consulting: Natalie joined Cutter Associates in January 2025, bringing extensive experience in asset and wealth management, technology consulting, and AI-driven investment management solutions.
In January 2025, Natalie McIntyre was appointed as Head of Consulting, succeeding John Clark. Natalie brings a wealth of experience in asset and wealth management, technology consulting, and AI-driven investment management solutions.
The asset and wealth management industry is characterized by a competitive landscape with several key players:
- Benchmark Wealth Management: Founded in 2000 and headquartered in Old Lyme, Connecticut, Benchmark Wealth Management operates within the professional services sector, similar to Cutter Associates.
- Moss Adams: Established in 1913 and based in Seattle, Washington, Moss Adams operates in the management consulting services industry, offering services that overlap with those of Cutter Associates.
Cutter Associates has established significant collaborations and partnerships, notably its acquisition by Nomura Research Institute in 2016. This strategic alliance has expanded Cutter's global reach and service offerings, enhancing its position in the asset and wealth management industry.
Cutter Associates differentiates itself through its commitment to trust, independence, collaboration, experience, community, and security. The firm's deep industry expertise and unbiased analysis enable clients to make informed decisions and achieve operational excellence. Additionally, Cutter Associates' ISO 27001 certification underscores its dedication to information security and privacy.
Looking ahead, Cutter Associates aims to continue expanding its global presence and service offerings, leveraging its partnership with Nomura Research Institute. The firm is committed to providing innovative solutions that address the evolving needs of the asset and wealth management industry.
For more information, visit Cutter Associates' official website.
Cutter Associates is headquartered in Rockland, Massachusetts, United States.
