Schroders Personal Wealth selects SS&C for Transfer Agency

Rhea-AI Summary

SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) announced a new relationship with Schroders Personal Wealth (SPW), a financial planning joint venture between Schroders plc and Lloyds Banking Group. SS&C Global Investor and Distribution Solutions (GIDS) will be SPW's transfer agent, providing fund registry, investor services, and digital solutions for SPW's funds, with GBP12.7 billion in AUM. SPW offers holistic financial planning solutions in the U.K., including retirement planning, investment management, and estate planning. SS&C GIDS' digital suite of products enables SPW to support service delivery and simplify client onboarding and transactions.

Insights

Market Research Analyst

The partnership between SS&C Technologies Holdings, Inc. and Schroders Personal Wealth (SPW) represents a strategic business development that could influence SS&C's market position. By securing SPW as a client, with its GBP 12.7 billion in assets under management (AUM), SS&C is expanding its footprint in the wealth management sector. This collaboration could potentially lead to increased revenue streams from fund registry and investor services, which are integral to SS&C's Global Investor and Distribution Solutions (GIDS) division.

The financial technology sector is highly competitive, with firms constantly seeking to differentiate themselves through technological innovation and service excellence. SS&C's commitment to providing a digital suite of products aligns with the industry's shift towards digital transformation, aiming to enhance client experiences and streamline operational processes. This move may set a precedent for future deals and could positively influence investor perceptions of SS&C's growth trajectory and market share consolidation.

Financial Analyst

SS&C's announcement of its new relationship with SPW is likely to be scrutinized by investors for its impact on future earnings. The provision of transfer agent services and digital solutions to a wealth management firm with GBP 12.7 billion in AUM is significant. It could lead to an uptick in SS&C's earnings, given the scale of the assets involved. Investors will be interested in the cost synergies and the potential for margin improvement as a result of this partnership.

Additionally, the long-term benefits of such a partnership may include client retention and cross-selling opportunities, which can further enhance SS&C's financial performance. The company's ability to leverage its technological capabilities to attract high-profile clients like SPW serves as a testament to its competitive edge and may influence its stock valuation positively.

Technology Integration Expert

The emphasis on SS&C GIDS' digital suite of products highlights the importance of technology integration in the financial services industry. By providing end-to-end operational support and efficient transfer agency capabilities, SS&C is addressing a critical need for wealth management firms to have robust, scalable and compliant platforms. The ability to simplify onboarding and transaction experiences is crucial for client satisfaction and retention.

From a technology standpoint, the seamless integration of SS&C's solutions can lead to operational efficiencies, reduce risk and optimize data management for SPW. The expertise of SS&C in global compliance and connectivity for asset managers demonstrates its role as a key enabler in the digital transformation journey of financial institutions. This partnership may serve as a case study for the efficacy of technology integration in enhancing service delivery within the asset management industry.

WINDSOR, Conn., Jan. 11, 2024 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced a new relationship with Schroders Personal Wealth (SPW), the financial planning joint venture between Schroders plc and Lloyds Banking Group. SS&C Global Investor and Distribution Solutions (GIDS) will be SPW's transfer agent. SS&C will provide fund registry, investor services and digital solutions for the full range of SPW's funds, with GBP12.7 billion in AUM.

Schroders Personal Wealth offers holistic financial planning solutions throughout the U.K., including retirement planning, investment management, estate planning and more. The firm delivers digital and face-to-face advice.

SS&C GIDS stood out as a platform with flexible ways of providing multi-channel services for SPW's clients.

"As a leading wealth management firm in the U.K., our goal is to continuously deliver an excellent client experience and to provide the highest quality of investor services," said Dominic Sheridan, CEO of SPW ACD. "SS&C GIDS' digital suite of products enables us to support oversight of the service delivery and simplify the onboarding and transaction experiences for our clients. We look forward to working with SS&C to take our offering to the next level."

"We are delighted to have been chosen to provide Schroders Personal Wealth with efficient transfer agency, digital investor capabilities and end-to-end operational support," said Damien Barry, Head of SS&C GIDS EMEA. "We are committed to delivering industry-leading technology and service to support SPW as the business continues to grow and are excited to embark on our new partnership together."

SS&C's end-to-end solutions offer unparalleled support for transfer agency operations, global compliance, and seamless connectivity for asset managers. Its best-in-class capabilities, advanced technology integration and an international team of experts streamline operations, reduce risk, and optimise data. Learn more here.

About Schroders Personal Wealth

Schroders Personal Wealth is a joint venture between Lloyds Banking Group and Schroders –two of the UK's largest names in banking and asset management. We were created to help more people across the UK benefit from financial advice. We have the advantage of solid foundations and a strong heritage. But we take a fresh, transparent and personal approach to financial planning. We aim to provide clients with clarity and transparency in everything we do. This includes using technology to explain how long-term financial planning can add value to peoples' lives; to give people access to information about their financial wellbeing, and to communicate with their adviser when it's convenient for the client. Our heritage may be 400 years old, but our approach is built for the future. For more information visit spw.com

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 Windsor, Connecticut, and has offices around the world. Some 20,000 financial services and healthcare organizations, from the world's largest companies to small and mid-market firms, rely on SS&C for expertise, scale and technology.

Additional information about SS&C (Nasdaq: SSNC) is available at www.ssctech.com.

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SOURCE SS&C

FAQ

What is the new relationship announced by SS&C Technologies Holdings, Inc. (Nasdaq: SSNC)?

SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) announced a new relationship with Schroders Personal Wealth (SPW), a financial planning joint venture between Schroders plc and Lloyds Banking Group.

What services will SS&C Global Investor and Distribution Solutions (GIDS) provide for SPW?

SS&C Global Investor and Distribution Solutions (GIDS) will be SPW's transfer agent, providing fund registry, investor services, and digital solutions for SPW's funds, with GBP12.7 billion in AUM.

What does Schroders Personal Wealth offer?

Schroders Personal Wealth offers holistic financial planning solutions in the U.K., including retirement planning, investment management, and estate planning.

What are the benefits of SS&C GIDS' digital suite of products for SPW?

SS&C GIDS' digital suite of products enables SPW to support service delivery and simplify client onboarding and transactions.