SS&C Learning Institute Launches New Fiduciary Code of Conduct Training to Guide Financial Advisors

Windsor, CT - 7 September 2017

New Training Program, Led by Fiduciary Governance Champion, Don Trone, Addresses Professional Fiduciary Standards Beyond DOL Conflict of Interest Rule Compliance

SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), a global provider of financial services software and software-enabled services, today announced the SS&C Learning Institute has launched a new "Fiduciary Code of Conduct" course for financial advisors. The course will define a uniform decision-making framework that is based on fiduciary best practices, FINRA rules, and financial planning principles.

SS&C Technologies (PRNewsFoto/SS&C Technologies)

Development of this course has been led by newly appointed SS&C Learning Institute Senior Fellow, Don Trone. Trone is the co-founder and CEO of 3ethos. He is also founder of the Foundation for Fiduciary Studies, and author of 10 books on fiduciary responsibility and portfolio management. Trone has been a fiduciary governance advocate for more than 30 years and trained over 10,000 advisors and trustees in fiduciary responsibility.

"The Fiduciary Code of Conduct" course is available online or as an instructor-led classroom experience. The SS&C Learning Institute is also offering a train-the-trainer program for companies that wish to provide the training to their employees in-house.

"Financial services firms are fixated on the DOL rule since there is widespread agreement that it is going to expose the industry to significantly more litigation," explained Trone. "However, liability is more likely going to turn on whether a firm can demonstrate that its advisors, brokers, or agents are procedurally prudent. Firm-wide training on a prudent decision-making process and code of conduct is what many executives have overlooked."

Fiduciary Code of Conduct is the first course in a new leadership designation for financial advisors and other financial services industry managers. The designation, which will go by the name L5™, is currently targeted to roll out in Q1 2018. The content for the L5 designation is being provided by experts from some of the world's leading financial services companies. This will be the second credential program offered by the SS&C Learning Institute. The SS&C Learning Institute is also the exclusive provider of the Certified Portfolio Manager (CPM®) credential program developed by the Academy of Certified Portfolio Managers and Columbia University.

"The Fiduciary Code of Conduct course and L5 Leadership Program will continue to expand the SS&C Learning Institute's role in financial services thought leadership as well as in skills training and professional development," said Adam Hall, SS&C's Senior Vice President of Learning Solutions. "We will continue to add distinguished thought leaders, like Don Trone, to our roster of senior fellows."

Headquartered in New York City, the SS&C Learning Institute is a business group of SS&C Technologies, a world leader in investment management technology and services for over 30 years. The SS&C Learning Institute is the only education, training and learning research organization dedicated exclusively to the enrichment of investment management professionals and those seeking careers in financial services or corporate finance. Our instructor-led classes, online courseware and investment management system and process training programs are used by the world's leading investment banks, insurance companies and wealth management firms. In addition, The SS&C Learning Institute now offers courseware to enhance the business and finance curriculums of colleges and universities. Visit ssctech.com/li for more information.

SS&C is a global provider of investment and financial software-enabled services and software for the global financial services industry. Founded in 1986, SS&C is headquartered in Windsor, Connecticut and has offices around the world. Some 11,000 financial services organizations, from the world's largest institutions to local firms, manage and account for their investments using SS&C's products and services.