INCLINE VILLAGE, Nev., May 13, 2026 (Globe Newswire) — Third Avenue Management, a New York-based asset management firm serving individual and institutional clients, has successfully opened for business. ridge linea modern investment management platform with built-in AI.
With a highly focused team and core strategies spanning Global/International Value, U.S. Small Cap Value, and Global and International Real Estate, Third Avenue was looking for a technology partner that could streamline its operations and support long-term growth, particularly in its SMA strategy. The company selected Ridgeline to consolidate a patchwork of legacy systems into a unified front-to-back platform, providing a single source of truth for transactions, compliance, accounting, reporting, and client services.
“As our business evolves, modernizing our operating environment and improving efficiency is a key priority for us,” said Mike Wallan, Third Avenue’s head of trading operations. “Ridgeline provides real-time visibility and scalable infrastructure that reduces operational complexity, allows us to move faster, and better support our clients as we grow.”
The successful implementation included STP Investment Services as Third Avenue’s managed services provider for coordination and post-transaction operations. STP will work with you to support day-to-day coordination and trade settlement on our behalf.
“Third Avenue has been a valued client of STP for many years, and we are proud to support this next chapter as their business evolves and transitions to Ridgeline,” said Jeff Hooks, STP’s senior vice president of business development.
Third Avenue’s move to Ridgeline reflects a broader shift among asset managers as they seek to enhance customer personalization, reduce vendor complexity, centralize data, and help shape an AI-driven future. Companies typically replace six to nine disparate systems when moving to Ridgeline’s unified platform.
“For more than 30 years, the investment management industry has accepted operational drugs as a cost of doing business,” said Dave Blair, CEO of Ridgeline. “Companies like Third Avenue are calling it a bluff and leading the way. We’re proud they’ve partnered with Ridgeline to help them do that.”
Third Avenue’s Ridgeline experience will also be featured at the Ridgeline Summit in New York City on May 14th, where Mike Wallan will share his implementation perspective and how the company is leveraging the new platform to support its next phase of growth.
About Ridgeline
Ridgeline is the first front-to-back recording system for investment managers. Founded by visionary entrepreneur Dave Duffield (co-founder of PeopleSoft and Workday), the company was created to modernize an industry held back by outdated and disconnected technology. Ridgeline leverages a single real-time data set and built-in AI to help companies automate complexity, accelerate collaboration, and deliver customized client experiences at scale without adding people or risk.
Ridgeline is headquartered in the Lake Tahoe area with offices in New York, Reno, the Bay Area, and Dublin, Ireland, and is recognized by Forbes magazine. “Best Startup Employer” According to Global Financial Market Review “Optimal use of AI in finance” By software report “Top 100 Software Companies” For more information, please visit: Ridgeline.ai.
Media contact:
Christine Switzer
Director of Marketing Content and Programs
christine.switzer@ridgelineapps.com
www.ridgelineapps.com
