Sophisticated pre-trade trade compliance and all-in-one cloud solution displaces existing third party vendor software
SS&C Technologies Holdings, Inc. (Nasdaq:SSNC), a global provider of financial services software and software-enabled services, today announced the successful go-live implementation of Global Wealth Platform™ (“GWP”), the next evolution of investment platforms, at Smead Capital Management (“Smead”). GWP is a comprehensive, cloud-based wealth and institutional asset management platform designed for high-end private wealth managers and institutional asset managers with complex operational requirements.
Smead Capital Management manages a US Large Cap equity strategy in separate accounts and mutual funds for advisors, family offices and institutions with a value-oriented investment discipline. As of June 30, 2016, the firm managed $2.2 billion in all accounts, including mutual funds. The firm was formed in July 2007 by CIO Bill Smead, who first created the firm’s investment discipline in 1993.
To meet both internal risk and external compliance requirements, Smead wanted to further automate their operational infrastructure, simply and cost-effectively. To achieve this, they needed to implement a single, web-based platform which included electronic order routing via FIX to enable the company’s growth and ability to react to market changes. They also needed to spend less time on manual tasks such as monitoring and managing custodial data feeds. GWP’s modern cloud capabilities including mobile access combined with the industry’s most comprehensive data transformation and delivery services made Smead’s decision an easy one.
“With this deployment we are running the core operational processes, accessible by all of our staff and managing $2.2 billion in assets,” said Lisa Martin, Chief Operating Officer and Chief Financial Officer, Smead Capital. “The speed, scale and flexibility of this deployment proved that SS&C was the right choice to support strategic growth plans and improve operational efficiency. In addition, SS&C’s integrated end-to-end platform from pre-trade compliance, FIX connectivity, portfolio management to outsourced data transformation and delivery services ensures we are able to consistently focus and deliver exceptional service to our clients.”
“SS&C is proud to partner with Smead on this mission-critical project,” said Eric Rocks, Managing Director, SS&C. “The success of this go-live implementation was truly a joint effort.”
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 10,000 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.