WINDSOR, Conn., July 4, 2012 (GLOBE NEWSWIRE) -- SS&C Technologies (Nasdaq:SSNC), a global provider of investment and financial software-enabled services and software, today announced that Specialist Investment Management Pty Ltd (SIML) has selected SS&C's Global Wealth Platform™ to support its Australian wealth management business.
SIML's investment strategy is to manage multiple asset types and maximize investment returns at each stage of the economic cycle. The wealth management firm required a solution to provide the level of reliability and flexibility to grow the business with minimum disruption and investment, while adding new functionality across a broad range of instruments. SIML was moved to select the Global Wealth Platform for its ability to support increasing volumes and diversifying asset classes.
"With SIML, I wanted to avoid a narrow, single asset type focus, which only works at certain points in the investment cycle. In order to produce consistently high returns, it is necessary to switch between asset types including equities, asset-backed securities, foreign exchange and derivatives," said Peter Kennedy, Founder and Chief Executive Officer, SIML. "SS&C's Global Wealth Platform is a modern, web-based system with excellent instrument coverage. The cloud-based model is ideal for a start-up like SIML and Global Wealth Platform gives us rapid time to market while avoiding significant upfront capital expenditure."
"We are delighted that SIML has chosen to partner with SS&C and our Global Wealth Platform," said Phil Banas, Managing Director, Australia, SS&C Technologies. "SIML has sophisticated requirements and invests in a wide range of instrument types and markets. Global Wealth Platform has been designed from the ground up to manage multiple instruments and markets. Our global reach gives us a unique insight into wealth management firms' evolving requirements and our long standing presence in Australia ensures full compliance with local tax and regulatory requirements."
Global Wealth Platform is a real-time, cloud-based investment system, designed to streamline the management of multiple client portfolios across markets, currencies and financial instruments. Featuring client and advisor portals for online interactive access to investment data, Global Wealth Platform is the system of choice for wealth managers looking to automate their operations and delight their clients.
About Specialist Investment Management
Specialist Investment Management Pty Ltd (SIML) was formed to bring high value, unique or difficult to access investment opportunities to individual investors and self-managed super funds using an individually managed account structure. The Investment offering includes: high yielding fixed interest investments, asset allocation service, Australian equities and equity derivatives, and access to overseas investments. Services include: discretionary investment management, portfolio advice and self-directed trading.
About SS&C Technologies
SS&C is a global provider of investment and financial software-enabled services and software focused exclusively on the global financial services industry. Founded in 1986, SS&C has its headquarters in Windsor, Connecticut and offices around the world. 5,000 financial services organizations, from the world's largest to local financial services organizations, manage and account for their investments using SS&C's products and services. These clients in the aggregate manage over $16 trillion in assets.
Additional information about SS&C (Nasdaq:SSNC) is available at www.ssctech.com.
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