SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), at this time introduced it has accomplished the acquisition of Innovest Programs, the supplier of web-based expertise methods for belief accounting, funds and distinctive asset servicing. The acquisition will allow SS&C to broaden its wealth administration expertise suite. Glenn Schmidt will proceed to guide SS&C Innovest as Basic Supervisor.
“We’re happy to welcome Innovest’s blue-chip purchasers, world-class expertise and their proficient workers,” stated Invoice Stone, Chairman and CEO. “Lots of our wealth and retirement purchasers want distinctive expertise and experience required to service trusts. This funding underscores our dedication to carry value-added expertise and constructing out our wealth administration expertise choices.”
Innovest’s flagship product InnoTrust affords options to assist the accounting and reporting wants of belief corporations, banks, non-public banks, retirement plan directors, and others. The acquisition provides greater than 150 full-time workers in New York, Sacramento, California, and Arlington, Texas.
“SS&C and Innovest are leaders and innovators in portfolio administration and belief operations, respectively. We’re enthusiastic about the opportunity of integrating their strengths to create a really distinctive full-service wealth administration platform,” stated Bert Barre, Principal, Colonial Belief Firm.
“SS&C has a powerful observe document of investing in innovation that helps wealth managers run their enterprise effectively and successfully. We’re excited to hitch forces and develop our capability to ship essentially the most superior wealth administration options,” stated Glenn Schmidt.
About Innovest Programs
Innovest’s ahead considering expertise options are the selection of most of the largest Belief Firms, Wealth Administration companies, Retirement Platforms, and Philanthropic organizations within the trade.
Its scalable and sturdy cloud-based expertise stack is used to assist AUA in belief accounting and wealth administration, retirement accounts, collective funds, funds and statements & tax kinds. Innovest’s Managed Providers division additionally gives complete back- and middle-office providers to organizations across the nation.
Innovest can be the most important supplier of fiduciary Distinctive Asset accounting, administration and outsourcing providers within the nation, protecting property together with Oil, Gasoline, Minerals, Actual Property, Intently-Held Companies and Farms.
About SS&C Applied sciences
SS&C is a worldwide supplier of providers and software program for the monetary providers and healthcare industries. Based in 1986, SS&C is headquartered in Windsor, Connecticut, and has workplaces around the globe. Some 18,000 monetary providers and healthcare organizations, from the world’s largest corporations to small and mid-market companies, depend on SS&C for experience, scale, and expertise.
Further details about SS&C (Nasdaq:SSNC) is obtainable at www.ssctech.com.