SS&C Technologies Acquires FPS Trust
SS&C Technologies Holdings (Nasdaq: SSNC) has announced the acquisition of FPS Trust Company, a non-depository trust company, from IPX Retirement. Based in Centennial, Colorado, FPS Trust specializes in providing high-volume beneficiary distributions, paying agent services, and tax processing solutions to institutional trustees and retirement plan administrators.
FPS Trust will be integrated into SS&C Innovest, building upon their existing partnership where FPS Trust provided paying agent services through SS&C's InnoPay platform. The acquisition strengthens SS&C's position in providing scalable benefit payment solutions to institutional clients and expands their service offerings, particularly for wealth managers issuing taxable distributions on the SS&C Trust Platform.
SS&C Technologies Holdings (Nasdaq: SSNC) ha annunciato l'acquisizione di FPS Trust Company, una società fiduciarie non depositaria, da IPX Retirement. Con sede a Centennial, Colorado, FPS Trust si specializza nella fornitura di distribuzioni ai beneficiari ad alto volume, servizi di agente di pagamento e soluzioni di elaborazione fiscale per fiduciari istituzionali e amministratori di piani pensionistici.
FPS Trust sarà integrata in SS&C Innovest, sviluppando ulteriormente la loro partnership esistente in cui FPS Trust forniva servizi di agente di pagamento attraverso la piattaforma InnoPay di SS&C. Questa acquisizione rafforza la posizione di SS&C nella fornitura di soluzioni scalabili per i pagamenti dei benefici a clienti istituzionali e amplia la loro offerta di servizi, in particolare per i gestori patrimoniali che emettono distribuzioni tassabili sulla piattaforma SS&C Trust.
SS&C Technologies Holdings (Nasdaq: SSNC) ha anunciado la adquisición de FPS Trust Company, una compañía fiduciaria no depositaria, de IPX Retirement. Con sede en Centennial, Colorado, FPS Trust se especializa en proporcionar distribuciones de beneficiario de alto volumen, servicios de agente de pago y soluciones de procesamiento fiscal para fiduciarios institucionales y administradores de planes de jubilación.
FPS Trust se integrará en SS&C Innovest, ampliando su asociación existente donde FPS Trust proporcionaba servicios de agente de pago a través de la plataforma InnoPay de SS&C. La adquisición fortalece la posición de SS&C en la provisión de soluciones escalables de pago de beneficios para clientes institucionales y expande su oferta de servicios, particularmente para los gestores de patrimonio que emiten distribuciones sujetas a impuestos en la plataforma SS&C Trust.
SS&C Technologies Holdings (Nasdaq: SSNC)는 FPS Trust Company를 IPX Retirement로부터 인수했음을 발표했습니다. 콜로라도주 센테니얼에 본사를 둔 FPS Trust는 기관 신탁 관리자와 퇴직 연금 계획 관리자를 위해 대량의 수혜자 분배, 지급 대행 서비스 및 세금 처리 솔루션을 제공하는 전문 회사입니다.
FPS Trust는 SS&C Innovest에 통합되어, FPS Trust가 SS&C의 InnoPay 플랫폼을 통해 지급 대행 서비스를 제공했던 기존 파트너십을 기반으로 합니다. 이번 인수는 기관 고객에게 확장 가능한 혜택 지급 솔루션을 제공하는 SS&C의 입지를 강화하고, SS&C Trust 플랫폼에서 과세 분배를 발행하는 자산 관리자들을 위한 서비스 제공을 확장합니다.
SS&C Technologies Holdings (Nasdaq: SSNC) a annoncé l'acquisition de FPS Trust Company, une société fiduciaire non dépositaire, d'IPX Retirement. Basée à Centennial, Colorado, FPS Trust se spécialise dans la fourniture de distributions de bénéficiaires en volume élevé, de services d'agent de paiement et de solutions de traitement fiscal pour les fiduciaires institutionnels et les gestionnaires de plans de retraite.
FPS Trust sera intégré à SS&C Innovest, s'appuyant sur leur partenariat existant où FPS Trust fournissait des services d'agent de paiement via la plateforme InnoPay de SS&C. Cette acquisition renforce la position de SS&C dans la fourniture de solutions de paiement de prestations évolutives aux clients institutionnels et élargit leur éventail de services, en particulier pour les gestionnaires de patrimoine émettant des distributions imposables sur la plateforme SS&C Trust.
SS&C Technologies Holdings (Nasdaq: SSNC) hat die Übernahme von FPS Trust Company, einer nicht-depositären Treuhandgesellschaft, von IPX Retirement bekannt gegeben. Mit Sitz in Centennial, Colorado, spezialisiert sich FPS Trust auf die Bereitstellung von hochvolumigen Begünstigtenauszahlungen, Zahlstellenleistungen und Steuerverarbeitungs- solutions für institutionelle Treuhänder und Rentenplanverwalter.
FPS Trust wird in SS&C Innovest integriert, wobei auf der bestehenden Partnerschaft aufgebaut wird, in der FPS Trust Zahlungsdienste über die InnoPay-Plattform von SS&C bereitgestellt hat. Die Akquisition stärkt die Position von SS&C in der Bereitstellung skalierbarer Lösungen für Leistungszahlungen an institutionelle Kunden und erweitert deren Dienstleistungsangebote, insbesondere für Vermögensverwalter, die steuerpflichtige Auszahlungen auf der SS&C Trust Plattform anbieten.
- Strategic expansion of SS&C's institutional payment processing capabilities
- Integration of existing partnership enhances operational efficiency
- Expansion of service offerings for wealth managers
- Strengthening of custodial offerings to institutional trustees
- None.
Insights
This strategic acquisition marks a significant enhancement to SS&C's institutional payment processing infrastructure, particularly strengthening their position in the high-volume benefit payment solutions market. The integration of FPS Trust into SS&C Innovest creates several compelling value drivers:
Strategic Synergies: The existing partnership between SS&C Innovest and FPS Trust through the InnoPay platform suggests immediate operational integration benefits and reduced implementation risks. This established relationship should accelerate revenue synergies and cost optimizations.
Market Position Enhancement: The acquisition strategically expands SS&C's capabilities in three critical areas:
- High-volume beneficiary distributions
- Paying agent services
- Tax processing solutions
This comprehensive service expansion positions SS&C to capture a larger share of the institutional trust and retirement plan administration market, where scale and operational efficiency are important competitive advantages.
Revenue Implications: While financial terms weren't disclosed, the acquisition's focus on institutional clients suggests potential for stable, recurring revenue streams. The integration enables cross-selling opportunities across SS&C's broader product portfolio, particularly within their Trust Platform and Managed Services divisions.
Looking ahead, this acquisition strengthens SS&C's competitive moat in the financial technology sector by vertically integrating critical trust and payment processing capabilities. The move aligns with the industry trend toward consolidated, end-to-end solutions for institutional clients, potentially driving increased wallet share from existing customers while attracting new institutional relationships.
The acquisition solidifies SS&C's commitment to proving scalable benefit payment solutions to their institutional clients.
Based in
"We are excited to welcome the FPS team to SS&C," said Glenn Schmidt, General Manager of SS&C Innovest. "The acquisition allows us to build on an already strong partnership as part of a single organization. Together, we can further enhance the managed services we provide to our institutional customers as we support them in delivering excellent, scalable service to their clients."
"The integration of FPS Trust and SS&C will enable SS&C to extend its range of services, particularly those offered to wealth managers issuing taxable distributions on the SS&C Trust Platform," said Bill Mueller, CEO of IPX Retirement. "SS&C is now well positioned to further expand on the synergies with SS&C Managed Services and optimize their custodial offerings to institutional trustees and bank trust companies."
About IPX Retirement
IPX Retirement is a leading provider of trust, custody, IRA, and recordkeeping services to the retirement plan industry. Our innovative multi-vendor, multi-provider approach delivers superior value for financial advisors, plan sponsors, investment providers, TPAs, and the investors they serve.
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.
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FAQ
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