LPL Financial Selects SS&C To Support Growing Retail Alternatives Business
SS&C Technologies Holdings (SSNC) has announced an expanded partnership with LPL Financial Holdings (LPLA), which will now use SS&C ALTSERVE™ to grow its alternatives business. LPL, which already uses SS&C's Brokerage Solutions, will leverage this integration to enhance its alternative investment experience through LPL Alts Connect.
The partnership will enable LPL to streamline back and middle-office functions, standardize data feeds, and improve custody of alternative investment products. Key benefits include enhanced onboarding capabilities, improved position transfers in both taxable and tax-exempt registrations, faster processing of subscriptions and redemptions, and better accuracy in position valuations.
LPL Financial currently supports nearly 29,000 financial advisors and approximately 1,200 financial institutions, managing about $1.7 trillion in brokerage and advisory assets for approximately 6 million Americans.
SS&C Technologies Holdings (SSNC) ha annunciato un ampliamento della partnership con LPL Financial Holdings (LPLA), che ora utilizzerà SS&C ALTSERVE™ per far crescere il proprio business nel settore degli investimenti alternativi. LPL, che già utilizza le soluzioni di intermediazione di SS&C, sfrutterà questa integrazione per migliorare l'esperienza di investimento alternativo attraverso LPL Alts Connect.
La partnership permetterà a LPL di semplificare le funzioni di back e middle office, standardizzare i flussi di dati e migliorare la custodia dei prodotti di investimento alternativi. I principali vantaggi includono capacità di onboarding migliorate, trasferimenti di posizione più efficienti sia per registrazioni tassabili che esenti da tasse, elaborazione più rapida di sottoscrizioni e rimborsi, e maggiore accuratezza nelle valutazioni delle posizioni.
LPL Financial supporta attualmente quasi 29.000 consulenti finanziari e circa 1.200 istituzioni finanziarie, gestendo circa 1,7 trilioni di dollari in asset di intermediazione e consulenza per circa 6 milioni di americani.
SS&C Technologies Holdings (SSNC) ha anunciado una asociación ampliada con LPL Financial Holdings (LPLA), que ahora utilizará SS&C ALTSERVE™ para hacer crecer su negocio de alternativas. LPL, que ya utiliza las Soluciones de Corretaje de SS&C, aprovechará esta integración para mejorar la experiencia de inversión alternativa a través de LPL Alts Connect.
La asociación permitirá a LPL optimizar las funciones de back y middle office, estandarizar los flujos de datos y mejorar la custodia de productos de inversión alternativa. Los beneficios clave incluyen capacidades de incorporación mejoradas, transferencias de posiciones más eficientes en registros imponibles y exentos de impuestos, procesamiento más rápido de suscripciones y reembolsos, y mejor precisión en las valoraciones de posiciones.
LPL Financial actualmente apoya a casi 29,000 asesores financieros y aproximadamente 1,200 instituciones financieras, gestionando alrededor de $1.7 billones en activos de corretaje y asesoría para aproximadamente 6 millones de estadounidenses.
SS&C Technologies Holdings (SSNC)는 LPL Financial Holdings (LPLA)와의 파트너십을 확대한다고 발표했습니다. 이제 LPL은 SS&C ALTSERVE™를 사용하여 대체 투자 비즈니스를 성장시킬 것입니다. 이미 SS&C의 중개 솔루션을 사용하는 LPL은 이 통합을 활용하여 LPL Alts Connect를 통해 대체 투자 경험을 향상시킬 것입니다.
이번 파트너십은 LPL이 백오피스 및 미들오피스 기능을 간소화하고, 데이터 피드를 표준화하며, 대체 투자 제품의 수탁을 개선할 수 있도록 합니다. 주요 이점으로는 향상된 온보딩 기능, 과세 및 비과세 등록에서의 위치 이전 개선, 구독 및 환매의 빠른 처리, 그리고 위치 평가의 더 나은 정확성이 포함됩니다.
LPL Financial은 현재 거의 29,000명의 금융 자문가와 약 1,200개의 금융 기관을 지원하며, 약 600만 미국인을 위해 약 1.7조 달러의 중개 및 자문 자산을 관리하고 있습니다.
SS&C Technologies Holdings (SSNC) a annoncé un partenariat élargi avec LPL Financial Holdings (LPLA), qui utilisera désormais SS&C ALTSERVE™ pour développer son activité dans le secteur des investissements alternatifs. LPL, qui utilise déjà les solutions de courtage de SS&C, tirera parti de cette intégration pour améliorer l'expérience d'investissement alternatif via LPL Alts Connect.
Ce partenariat permettra à LPL de rationaliser les fonctions de back et middle office, de standardiser les flux de données et d'améliorer la garde des produits d'investissement alternatifs. Les principaux avantages comprennent des capacités d'intégration améliorées, des transferts de positions plus efficaces tant pour les enregistrements imposables qu'exempts d'impôts, un traitement plus rapide des souscriptions et des rachats, ainsi qu'une meilleure précision dans l'évaluation des positions.
LPL Financial soutient actuellement près de 29 000 conseillers financiers et environ 1 200 institutions financières, gérant environ 1,7 trillion de dollars d'actifs de courtage et de conseil pour environ 6 millions d'Américains.
SS&C Technologies Holdings (SSNC) hat eine erweiterte Partnerschaft mit LPL Financial Holdings (LPLA) angekündigt, die jetzt SS&C ALTSERVE™ nutzen wird, um ihr Geschäft mit alternativen Anlagen auszubauen. LPL, das bereits die Brokerage-Lösungen von SS&C nutzt, wird diese Integration nutzen, um das Erlebnis alternativer Investments über LPL Alts Connect zu verbessern.
Die Partnerschaft ermöglicht es LPL, Back- und Middle-Office-Funktionen zu optimieren, Datenfeeds zu standardisieren und die Verwahrung alternativer Anlageprodukte zu verbessern. Zu den wichtigsten Vorteilen gehören verbesserte Onboarding-Funktionen, effizientere Positionsübertragungen sowohl bei steuerpflichtigen als auch bei steuerfreien Registrierungen, schnellere Bearbeitung von Zeichnungen und Rücknahmen sowie eine höhere Genauigkeit bei der Positionsbewertung.
LPL Financial unterstützt derzeit fast 29.000 Finanzberater und etwa 1.200 Finanzinstitute und verwaltet etwa 1,7 Billionen Dollar an Brokerage- und Beratungsvermögen für etwa 6 Millionen Amerikaner.
- Expansion of existing partnership with major financial institution LPL Financial
- Access to LPL's substantial client base of 29,000 financial advisors and $1.7T in assets
- Enhancement of SS&C's market position in alternative investments processing
- None.
Insights
This strategic partnership marks a significant win for SS&C Technologies in the rapidly expanding alternative investments technology space. The selection by LPL Financial, which manages
The deal's strategic value extends beyond immediate implementation revenue. By integrating deeply into LPL's alternative investment infrastructure, SS&C creates a strong technological moat and positions itself for recurring revenue streams. The partnership encompasses critical functions including position transfers, tax handling, subscriptions, redemptions, and valuations - essentially becoming embedded in LPL's operational backbone.
Alternative investments are experiencing unprecedented growth in retail wealth management, with platforms like LPL's Alts Connect representing a broader industry shift toward democratizing access to these investments. SS&C's selection for this initiative demonstrates their competitive advantage in handling complex alternative investment operations at scale.
The partnership's scope suggests significant long-term value creation potential. By standardizing data feeds and streamlining back and middle-office functions, SS&C becomes integral to LPL's alternatives business growth strategy. This reference implementation with a major industry player could accelerate SS&C's ability to win similar enterprise clients, particularly as more wealth management firms expand their alternative investment offerings.
"LPL has launched LPL Alts Connect to enhance the overall alternative investment experience, broaden our available investment suite, and enhance education and awareness across our advisor base," said Cheri Belski, Executive Vice President and Head of Investment Management Solutions for LPL. "The integration with SS&C will help streamline back and middle-office functions and standardize data feeds, allowing for the custody of more alternative investment products at LPL and more efficient day-to-day processing."
LPL will be able to offer its advisor network a better client experience through:
- The ability to onboard and transfer more alternative investment positions to LPL custody
- Increased capacity to transfer positions in both taxable and tax-exempt registrations
- Expedited subscriptions, redemptions, transfers, distributions, capital call processing, and more
- Improved timeliness and accuracy of position valuations and reconciliation on LPL's platform and on account statements
"We are thrilled to expand our valued relationship with LPL Financial as they grow their alternatives business," said Nicole Greene, Head of Global Investor and Distribution Solutions,
Learn more about SS&C ALTSERVE™ here.
About LPL Financial
LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports nearly 29,000 financial advisors and the wealth management practices of approximately 1,200 financial institutions, servicing and custodying approximately
Securities and advisory services offered through LPL Financial LLC ("LPL Financial"), a registered investment advisor and broker-dealer, member FINRA/SIPC.
Throughout this communication, the terms "financial advisors" and "advisors" are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.
We routinely disclose information that may be important to shareholders in the "Investor Relations" or "Press Releases" section of our website.
*Value approximated based on asset and holding details provided to LPL from end of year, 2024.
About SS&C Technologies
SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in
Additional information about
SS&C (Nasdaq: SSNC) is available at www.ssctech.com.
Follow SS&C on Twitter, LinkedIn and Facebook.
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SOURCE SS&C
FAQ
What is the purpose of LPL Financial's partnership with SS&C (SSNC) announced in February 2024?
How many financial advisors and assets will SS&C (SSNC) service through the LPL partnership?
What specific improvements will SS&C ALTSERVE™ bring to LPL's alternative investment platform?
How will the SS&C (SSNC) partnership affect LPL's Alts Connect platform?
