SS&C’s integrated managed account platform to support Credential Securities’ wealth management business
SS&C Technologies Holdings, Inc. (Nasdaq:SSNC), a global provider of financial services software and software-enabled services, today announced Credential Securities Inc., a wholly-owned subsidiary of Credential Financial Inc., has selected SS&C’s Global Wealth PlatformTM to support its wealth management business.
While bringing the administration of their business in-house and going self-clearing, Credential realized they needed a technology partner on which they could rely on to maintain the credit union tradition of service and integrity. After researching several solutions Credential selected Global Wealth Platform for its advanced managed account capabilities integrating complete order management processing, including modeling, compliance and performance measurement, matched with a comprehensive back office.
“We needed an integrated solution that was flexible and scalable,” said Genna Louie, Vice President, Product Solutions and Portfolio Management, Credential. “A technology partner with business expertise in the managed accounts arena that could commit to our timelines.”
Global Wealth Platform will provide Credential’s trade order web tools, pre-trade and passive compliance and a source of information to support performance measurement and client reporting.
“Credential’s business is evolving at a rapid pace, we are excited to partner with them and support their business,” said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “SS&C’s Global Wealth Platform was designed for the managed account space and the functionality of this encompassing system will provide Credential a competitive edge in the Canadian market."