SS&C Bolsters Alternatives Data Aggregation for Wealth Managers
SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) has announced the broad rollout of SS&C Accord, an AI-enabled service designed to help wealth managers aggregate and validate their customers' alternative investment data. This service leverages SS&C's expertise in wealth management and alternative investment fund administration to provide a single source of clean alternatives data for wealth managers.
SS&C Accord offers an end-to-end service managed by a dedicated account team, utilizing intelligent automation and human experts to monitor, retrieve, and process alternative investment data. The service aims to address the challenges of alternative investment data collection and reconciliation, which often lack consistent reporting standards.
Choreo, an independent financial planning firm, has already benefited from SS&C Accord in consolidating client accounts after a major acquisition. The service is designed for wealth managers, Registered Investment Advisors, pension funds, endowments, and family offices, offering a comprehensive control panel for viewing clients' alternative investments data.
SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) ha annunciato il lancio su larga scala di SS&C Accord, un servizio abilitato all'IA progettato per aiutare i gestori patrimoniali ad aggregare e convalidare i dati sugli investimenti alternativi dei loro clienti. Questo servizio sfrutta l'esperienza di SS&C nella gestione patrimoniale e nell'amministrazione dei fondi di investimento alternativi per fornire una singola fonte di dati alternativi puliti per i gestori patrimoniali.
SS&C Accord offre un servizio end-to-end gestito da un team dedicato, che utilizza automazione intelligente ed esperti umani per monitorare, recuperare e elaborare i dati sugli investimenti alternativi. Il servizio mira ad affrontare le sfide della raccolta e riconciliazione dei dati sugli investimenti alternativi, che spesso mancano di standard di reporting coerenti.
Choreo, una società di pianificazione finanziaria indipendente, ha già beneficiato di SS&C Accord nella consolidazione dei conti dei clienti dopo una grande acquisizione. Il servizio è progettato per i gestori patrimoniali, consulenti per investimenti registrati, fondi pensione, fondazioni e family office, offrendo un pannello di controllo completo per visualizzare i dati sugli investimenti alternativi dei clienti.
SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) ha anunciado el lanzamiento general de SS&C Accord, un servicio habilitado por IA diseñado para ayudar a los gestores de patrimonio a agregar y validar los datos de inversiones alternativas de sus clientes. Este servicio aprovecha la experiencia de SS&C en gestión de patrimonio y administración de fondos de inversión alternativa para proporcionar una fuente única de datos alternativos limpios para los gestores de patrimonio.
SS&C Accord ofrece un servicio de extremo a extremo gestionado por un equipo de cuentas dedicado, utilizando automatización inteligente y expertos humanos para monitorear, recuperar y procesar datos de inversiones alternativas. El servicio tiene como objetivo abordar los desafíos de la recolección y conciliación de datos de inversiones alternativas, que a menudo carecen de estándares de informes consistentes.
Choreo, una firma de planificación financiera independiente, ya ha beneficiado de SS&C Accord en la consolidación de cuentas de clientes después de una gran adquisición. El servicio está diseñado para gestores de patrimonio, asesores de inversión registrados, fondos de pensión, dotaciones y oficinas familiares, ofreciendo un panel de control integral para ver los datos de inversiones alternativas de los clientes.
SS&C 테크놀로지 홀딩스, Inc. (Nasdaq: SSNC)는 자산 관리자가 고객의 대체 투자 데이터를 집계하고 검증하는 데 도움을 주기 위해 설계된 AI 지원 서비스인 SS&C Accord의 대규모 롤아웃을 발표했습니다. 이 서비스는 자산 관리 및 대체 투자 펀드 관리에 대한 SS&C의 전문성을 활용하여 자산 관리자에게 깨끗한 대체 데이터의 단일 출처를 제공합니다.
SS&C Accord는 전담 계정 팀이 관리하는 엔드 투 엔드 서비스로, 지능형 자동화와 인간 전문가를 활용하여 대체 투자 데이터를 모니터링, 검색 및 처리합니다. 이 서비스는 종종 일관된 보고 기준이 결여된 대체 투자 데이터 수집 및 조정의 문제를 해결하는 것을 목표로 합니다.
독립 재무 계획 회사인 Choreo는 대규모 인수 이후 고객 계정을 통합하는 데 있어 이미 SS&C Accord의 혜택을 보았습니다. 이 서비스는 자산 관리자, 등록 투자 자문가, 연금 기금, 기부금, 가족 사무소를 위해 설계되었으며, 고객의 대체 투자 데이터를 볼 수 있는 포괄적인 제어판을 제공합니다.
SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) a annoncé le déploiement généralisé de SS&C Accord, un service habilité par l'IA conçu pour aider les gestionnaires de patrimoine à agréger et valider les données d'investissement alternatif de leurs clients. Ce service tire parti de l'expertise de SS&C en gestion de patrimoine et en administration de fonds d'investissement alternatifs pour fournir une source unique de données alternatives propres pour les gestionnaires de patrimoine.
SS&C Accord propose un service de bout en bout géré par une équipe dédiée, utilisant l'automatisation intelligente et des experts humains pour surveiller, récupérer et traiter les données d'investissement alternatif. Le service vise à relever les défis de la collecte et de la réconciliation des données d'investissement alternatif, qui manquent souvent de normes de reporting cohérentes.
Choreo, une société de planification financière indépendante, a déjà bénéficié de SS&C Accord pour consolider les comptes des clients après une grande acquisition. Le service est conçu pour les gestionnaires de patrimoine, les conseillers en investissements enregistrés, les fonds de pension, les dotations et les bureaux familiaux, offrant un tableau de bord complet pour visualiser les données d'investissement alternatif des clients.
SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) hat die umfassende Einführung von SS&C Accord bekannt gegeben, einem KI-unterstützten Service, der Vermögensverwaltern helfen soll, die alternativen Investitionsdaten ihrer Kunden zu aggregieren und zu validieren. Dieser Service nutzt das Fachwissen von SS&C im Bereich Vermögensverwaltung und Verwaltung alternativer Investmentfonds, um eine einheitliche Quelle für saubere alternative Daten für Vermögensverwalter bereitzustellen.
SS&C Accord bietet einen End-to-End-Service, der von einem dedizierten Team verwaltet wird und intelligente Automatisierung sowie menschliche Experten einsetzt, um alternative Investitionsdaten zu überwachen, abzurufen und zu verarbeiten. Das Ziel des Services ist es, die Herausforderungen der Datenerhebung und -abstimmung alternativer Investitionen zu adressieren, die oft an konsistenten Berichtstandards mangeln.
Choreo, eine unabhängige Finanzberatungsfirma, hat bereits von SS&C Accord profitiert, um die Kundenkonten nach einer großen Akquisition zu konsolidieren. Der Service richtet sich an Vermögensverwalter, registrierte Anlageberater, Pensionsfonds, Stiftungen und Family Offices und bietet ein umfassendes Kontrollpanel zur Anzeige der alternativen Investmentsdaten der Kunden.
- Launch of SS&C Accord, an AI-enabled service for alternative investment data aggregation
- Leverages SS&C's expertise in wealth management and alternative investment fund administration
- Addresses a major pain point in the industry: lack of consistent reporting standards for alternative investments
- Offers end-to-end service with intelligent automation and human expert review
- Integrates data across SS&C ecosystem and third-party reporting systems
- None.
Insights
SS&C's launch of Accord represents a significant advancement in wealth management technology, addressing a critical pain point in alternative investment data aggregation. This move could potentially boost SS&C's market position and revenue streams in the wealth management sector.
Key points to consider:
- The service leverages AI and human expertise, potentially improving efficiency and accuracy in data processing.
- Integration with SS&C's existing ecosystem, including the Black Diamond Wealth Platform, enhances the company's product suite.
- The ability to serve various client types (RIAs, pension funds, endowments, family offices) expands the addressable market.
- By outsourcing this complex process, wealth managers can focus on core activities, potentially driving adoption.
While the immediate financial impact is not quantified, this product launch could strengthen SS&C's competitive position in the
The introduction of SS&C Accord is a game-changer for wealth managers dealing with alternative investments. Here's why it matters:
- Alternative investments are increasingly popular but notoriously difficult to track and report on consistently.
- Accord's AI-enabled service streamlines data aggregation, a traditionally time-consuming and error-prone process.
- The Choreo case study demonstrates real-world application, showing how Accord facilitated the integration of
$8 billion in assets post-acquisition. - By providing a "single source of clean alternatives data," Accord enables wealth managers to offer more comprehensive reporting to clients.
This solution addresses a significant operational challenge in the industry. It could lead to improved client satisfaction, operational efficiency and potentially higher retention rates for wealth management firms using SS&C's services. The long-term impact on SS&C could be substantial if Accord becomes widely adopted in the industry.
Choreo, an independent financial planning and investment advisory services firm, sought to consolidate its client accounts on a single platform after acquiring the affiliated wealth management business of BDO
SS&C Accord is an end-to-end service managed by a dedicated account team. Using a combination of intelligent automation and hands-on human experts, the team:
- Leverages digital workers for monitoring and retrieval of end clients' alternative investments relevant correspondence
- Uses natural language processing and large language models to extract relevant data points for further processing
- Reviews document aggregation and data extractions for completeness and accuracy
- Processes data to downstream systems for seamless reporting.
Wealth managers, Registered Investment Advisors, pension funds, endowments and family offices can view their clients' alternative investments data on a comprehensive control panel. The data is systematically integrated across the entire SS&C ecosystem, including the SS&C Black Diamond Wealth Platform. This service also delivers the reviewed data to third-party reporting systems.
"Alternative investment data collection and reconciliation is a major pain point due to a lack of consistent reporting standards. Wealth managers often find it challenging and costly to manage the operational aspects of collecting, processing and integrating alternative investment data into their reporting systems," said Steve Leivent, Co-Head of SS&C Wealth & Investment Technologies. "SS&C Accord aims to take over this process as an extension of their team, delivering timely analytics needed for advisors to provide data-driven holistic portfolio decisions."
"As a leader in alternatives fund administration, SS&C has more than 35 years of experience finding, collecting, reconciling and making sense of critical investment data," said Bhagesh Malde, Global Head of SS&C GlobeOp. "With a combination of intelligent automation, proprietary technology and deep alternatives expertise, SS&C Accord delivers a single source of clean alternatives data. By outsourcing alternatives data aggregation to SS&C, wealth managers can eliminate the need for multiple systems and resources, quickly scale their growing alternatives business, and focus on delivering results."
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 SS&C Accord and how does it benefit wealth managers?
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