WINDSOR, Conn., Aug. 21, 2012 (GLOBE NEWSWIRE) -- SS&C Technologies Holdings, Inc. (Nasdaq:SSNC), a global provider of financial services software and software-enabled services, today announced Investment Administration Services (IAS) has renewed its strategic relationship with SS&C through the use of SS&C's Global Wealth Platform™ to support its managed account business.
A client since 2004, IAS' continued use of SS&C's Global Wealth Platform confirms the Platform's ability to deliver managed account functionality to Australian wealth managers.
"SS&C's superior technology, proven track record, and service excellence are the primary reasons we chose to continue partnering with SS&C and its Global Wealth Platform." said Phillip Thomas, CEO, IAS. "At IAS we have been adding clients to our administration business at a rapid rate, and we rely heavily on technology to do so efficiently and profitably. Global Wealth Platform gives us an edge in terms of instrument coverage, scalability and the level of automation we require to support us in expanding our managed accounts client base. SS&C has been, and will continue to be, a strong strategic partner for IAS."
"IAS and SS&C enjoy a long standing relationship and we are pleased to continue to provide comprehensive services and software to the IAS organization," said Phil Banas, Managing Director, Australia, SS&C Technologies. "Australia's wealth management requirements can be challenging for overseas firms and many global software providers have had their plans and dreams dashed on the rocks of Australia's capital gains tax and imputation credits. Too many international firms come to Australia with great fanfare, win a handful of clients, and then quietly close their office as soon as the going gets tough. SS&C has had a continuous, on-the-ground presence in Australia for 12 years now. We have the best software and the best people and we continue to expand profitably."
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 Investment Administration Services
Investment Administration Services (IAS) is a MDA Operator and Managed Account provider that specialises in designing and implementing Private Label discretionary portfolio solutions across a range of security types and selected assets. Rather than provide a product "off the shelf", IAS designs and implements a Private Label Service that is specific to the requirements of its intermediary client base. As an early entrant into the managed account market in Australia, IAS has firmly established itself in the lucrative Australian Self Managed Superannuation Fund (SMSF) market and has unparalleled depth and breadth of experience implementing managed account solutions.
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. 5,500 financial services organizations, from the worlds' 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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