Tumelo and Chicago Clearing Corporation announce strategic partnership

Amid a period of change in the proxy advisory industry, Tumelo, the proxy voting technology company, and Chicago Clearing Corporation (CCC), the leader in securities class action claim recovery, today announced a strategic partnership that will make ProxyBeacon, Tumelo's AI-powered platform for proxy research and voting, available to CCC's client base of institutional investors, and introduce Tumelo’s clients to CCC’s class action recovery services.

For three decades, proxy voting research has been dominated by a handful of advisory firms selling one-size-fits-all recommendations. With recent regulatory pressure, this model is being challenged. ProxyBeacon changes that equation: it uses AI to deliver bespoke research, apply each client's own voting policy to upcoming meetings, and produce a complete audit trail across their full investment universe.

At the same time, institutional investors continue to leave significant settlement funds unclaimed simply because they lack the resources to monitor and file claims across their full portfolio – a gap CCC has spent more than three decades closing for its clients.

Through the partnership:

• CCC will introduce ProxyBeacon to its clients — including investment advisors, money managers, mutual funds, pension funds, hedge funds and bank trust departments — enabling them to build, brand and sign off their own voting policies, with voting execution and reporting handled by Tumelo's platform, the same engine already live with some of the world's largest fund managers.
• In turn, Tumelo will introduce CCC’s class action recovery services to its client base, giving them access to a platform that has recovered more than $3 billion across 42 million individual accounts – without needing to build claim filing capabilities in-house.
• Together, the partnership gives clients of both firms a more complete set of tools spanning shareholder voting and settlement recovery – two areas of institutional operations that historically required separate vendors.

"The proxy advisory industry hasn't changed in 30 years, and AI has just changed the economics," said Will Goodwin, co-founder of Tumelo. "Every institutional investor should be able to vote with a policy they actually wrote and can defend — not a template with their name on the cover. Partnering with CCC means we can make that easy for thousands of firms."

"Chicago Clearing Corporation has always looked for ways to deliver more value to our clients," said James Tharin, CEO and Founder of Chicago Clearing Corporation. "Partnering with Tumelo expands the commitment into shareholder voting, replacing one-size-fits-all recommendations with AI-powered insights that empower clients to make informed voting decisions aligned with their own perspectives."

About Tumelo

Tumelo is a leader in proxy voting technology for institutional investors. Founded in 2018, Tumelo's technology powers pass-through voting and stewardship for some of the world's largest fund managers and asset owners. ProxyBeacon, Tumelo's newest platform, uses AI to help investors run proxy research and vote modelling in-house, fully customised to each client's priorities. Tumelo is based in Bristol, London and NYC. Learn more at www.tumelo.com.

About Chicago Clearing Corporation

Founded in 1993, Chicago Clearing Corporation is the leader in securities and antitrust class action claim recovery, having recovered over $3 billion for more than 3,200 institutional clients including investment advisors, money managers, mutual funds, pension funds, hedge funds, banks and brokerage firms. CCC monitors and files claims for over 42 million accounts representing more than $7 trillion in assets under management. Learn more at chicagoclearing.com/.

Media contacts

Tumelo: Helen Cane-Hardy — helen@tumelo.com

Chicago Clearing Corporation: Kerri Angel – kangel@chicagoclearing.com