Chicago-based Choreo, LLC, a financial planning and investment advisory services firm, reports using SS&C Accord. This new service leverages artificial intelligence (A.I.) to help wealth managers aggregate and validate their customers’ alternative investment data. The SS&C Accord launch aligns with other A.I.-related and cutting-edge announcements at the SS&C Deliver 2024 Conference underway in New Orleans, Oct…. Read More >>
Davy Capital Markets Taps Torstone & Other News
Davy Capital Markets to Revamp Post-Trade Ops Dublin-based wealth manager Davy Capital Markets reports that it has become a Torstone Technology customer and will use the Torstone Platform to evolve its post-trade processing operations. “We have built and maintained our own post-trade platform for many years, and this has served us very well, as it… Read More >>
SS&C Bolsters Its Open Protocol Service & Other Briefs
SS&C Adds ESG & Digital Asset Exposure Reporting Support The Open Protocol risk reporting service of SS&C Technologies has been improved to include digital asset and environmental, social, and governance (ESG) exposures, a step that brings the service into compliance with the ESG and digital assets reporting requirements of the Standards Board of Alternative… Read More >>
Westwood Outsources Trading to Northern Trust
Northern Trust to Manage Equity & Bond Trading Westwood Holdings Group, a Dallas, Texas-based investment management boutique and wealth management firm, will be outsourcing portions of its equity and fixed income trading, and middle-office trade settlement support to custodian and service provider Northern Trust, officials say. The firm is using Northern Trust’s services “to optimize… Read More >>
SS&C Advent Updates Key Offerings
While clients of the SS&C Advent line of solutions are implementing the latest product updates, SS&C Technologies reports that it is seeing an acceleration of long-term customer trends such as the embrace of cloud computing and outsourcing as a result of the pandemic-induced lockdown, market volatility, and economic challenges. The offerings just updated — Advent… Read More >>
SS&C Buys Algorithmics from IBM
SS&C Technologies (SS&C) will be acquiring the risk analytic products and services of Algorithmics from IBM via a definitive agreement that also includes more than 200 clients, 350 employees and offices in 25 countries. The deal will facilitate SS&C’s expansion of its risk management and regulatory compliance offerings, officials say. The cloud-based technology of the… Read More >>
SS&C’s Acquisitions Mirror Clients’ Needs: Bill Stone
Bill Stone, chairman and CEO of SS&C Technologies, addressed the company’s acquisition strategy at its customer conference this week, saying that the SS&C client base has grown and diversified. Stone’s comments came at the start of the annual SS&C Deliver 2019 client conference, which ran from Sept. 17 to 19 at the Gaylord Palms Resort… Read More >>
GBST Rejects SS&C in Favor of FNZ’s Bid
Back-office technology vendor GBST Holdings Ltd., based in Brisbane, Australia, has reversed course and is not likely to be acquired by SS&C Technologies. The GBST board has embraced the latest takeover bid from SS&C’s rival, FNZ Group, a U.K.-based financial technology provider. In the latest announcement, GBST officials announced that they have agreed to a… Read More >>
Black Diamond Adds Custodian Links to Ease Ops
The Black Diamond Wealth Platform is readying new integration options to the advisory platforms of custodian providers TD Ameritrade, Schwab, Fidelity and Pershing in an effort to ease the operational burden on investment advisors that need to streamline account openings and automate document delivery, officials say. Developers supporting the wealth management platform from SS&C Technologies… Read More >>
Drilling Down on SS&C’s Acquisitions in 2018
(For the securities operations industry, last year saw many key mergers and acquisitions in several sectors: financial services firms, financial technology vendors, service providers and even between firms and vendors. A major provider to the securities industry, SS&C Technologies had its share of acquisitions, adding DST Systems, Eze Software, CACEIS North America and Intralinks to… Read More >>
