The firm has extended its transfer agency relationships with SS&C Global Investor & Distribution Solutions (GIDS).
Principal Asset Management, the investment management division of Principal Financial Group, has extended its transfer agency relationship with SS&C Technologies, which will help the firm oversee public and private investment capabilities, multi-asset strategies, and retirement solutions.
“SS&C Global Investor & Distribution Solutions will provide a full range of fund services to Principal’s 114 mutual funds, comprised of 467 mutual and retail alternatives share classes, with approximately $160 billion in assets under management,” according to the announcement. Principal’s offerings for individual and institutional investors feature more than 50 fund types across equity, fixed income, real estate, to alternative strategies. SS&C provides transfer agency and digital investor services, including investor communications, document processing, anti-money laundering services, and more.”
Principal Financial Group, which offers retirement, asset management, and insurance services, has nearly 20,000 employees and more than 68 million customers, officials say.
“We are pleased to extend our valued long-term relationship with Principal Asset Management,” says Nicole Greene, head of SS&C GIDS, U.S., in a prepared statement. “Principal Asset Management is leading the innovation in financial products with both public and private investment capabilities, multi-asset strategies, and retirement solutions. We look forward to working closely with the team to help them realize those ambitions while supporting top-of-the-line investor services.”
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