Chicago Clearing

Blogs

[PRESS RELEASE] BetaNXT Partners with Chicago Clearing Corporation to Launch Seamless Class Action Recovery for Brokers and Wealth Managers
November 19, 2025

NEW YORK, Nov. 19, 2025 / PRNewswire / -- BetaNXT, a leading provider of wealth management technology solutions with real-time data capabilities and an enhanced advisor experience, today announced a partnership with Chicago Clearing Corporation (CCC), the leader in securities and antitrust class action claim filing. The collaboration makes it easier for brokers and wealth managers to identify eligible holdings and return class action settlement funds to investors – transforming a complex, data heavy process into a simpler, more streamlined experience.

"This partnership is about empowering brokers to better serve their investors," said Chris Nobles, Division Executive for Mediant, a BetaNXT business. "By combining BetaNXT's foundational data platforms and network of brokers with CCC's recovery expertise, we're helping firms reduce operational friction and ensure investors don't leave money on the table."

The timing of the offering is significant, as billions of settlement dollars are available every year, yet very few class members file to claim their recovery. Class action settlements are becoming more complex, particularly with the emergence of Delaware's "direct pay" structure, which changes how proceeds reach beneficial owners. These trends highlight the need for data accuracy – as well as the coordination between broker platforms and CCC – to ensure funds reach the right investors efficiently and transparently.

"The complexity of class action settlements is growing, and brokers need a partner who can help them keep pace," said James Tharin, CEO of CCC. "With BetaNXT, we're aligning systems to make sure investors get what they're owed without adding more work for their brokers."

The turnkey service is available immediately, with minimal integrations required. Firms seeking to simplify recovery and improve client outcomes can obtain more information at https://www.betanxt.com.

About BetaNXT

BetaNXT powers the future of Connected Wealth by investing in platforms, products and partnerships to accelerate growth. It is a leading provider of frictionless wealth management enterprise solutions, real-time data capabilities and an enhanced advisor experience. Through its software, data, and operations-as-a-service approach, BetaNXT empowers its clients with flexible, efficient and connected solutions that anticipate their changing needs. BetaNXT's comprehensive model reduces enterprise cost, streamlines operations processes, increases advisor productivity and strengthens the investor experience. Together with BetaNXT, wealth management firms are transforming their platforms into game-changing differentiators that enable enterprise scale and stimulate commercial growth. For more information visit www.betanxt.com.

Alexandra Shafer & Madison Vance
JConnelly for BetaNXT
+1 (973) 934-5100
betanxt@jconnelly.com

Laura Barger
Head of Marketing and Communications, BetaNXT
+1 (888) 949-9957, option 3
mediarelations@betanxt.com

About Chicago Clearing Corporation

Chicago Clearing Corporation (CCC) is the securities and antitrust class action claims services specialist. Outsourcing to CCC eliminates the burden of claim filing, ensures you keep up with every potential recovery opportunity, recovers every dollar owed, and lets you focus on the real work of investing. For more information, please visit www.chicagoclearing.com.

Kerri Angel
Head of Marketing, Chicago Clearing Corporation
+1 (312) 204-6970
kangel@chicagoclearing.com

SOURCE: BetaNXT; Chicago Clearing Corporation

Written By: Kerri Angel

I could go on and on, but bottom line, the fees being charged are much less than what I was spending in house to file and this is just one less thing I have to spend time trying to figure out how to complete on a consistent basis. Dealing with the CCC staff has been a very positive thing.

- National Bank

We were spending countless hours on class action claims before we signed on with CCC in January. Matt Murray and their technical team ensured our data transmission was seamless and secure. We found everyone at CCC to be professional, courteous, and accommodating.

- Savings Bank

Signing with CCC has made a huge difference. Before, it was horrible. We had to print thousands of pieces of paper, invite clients to come in and sit down with us to show them where to find the transactions, how to input them into the Proof of Claim forms. Now it's simple. It’s very nice to be able to tell our client, “You can shred that Proof of Claim form because CCC has it taken care of.

- Registered Investment Advisor

Your client reporting portal and customer service is the reason we chose Chicago Clearing. I send the data on an annual basis to CCC and they take it from there. My clients are protected (if there is a class action, it is getting filed), the Bank is protected (we are meeting our fiduciary obligation by filing the claims).

- Bank

Contact Us

404 South Wells St., Suite 600,
Chicago, IL 60607 – United States
Phone: (312) 204-6970
Email:
info@chicagoclearing.com

About Us

Chicago Clearing Corporation is the
industry leader in class-action services.

2024 © Chicago Clearing Corporation. All rights reserved. Terms and conditions