BT Partners with SS&C for Enhanced Registry Services
BT Partners with SS&C for Enhanced Registry Services
In a significant development, BT, a prominent player in the wealth management sector, has entered into a long-term partnership with SS&C Global Investor and Distribution Solutions (GIDS) to improve unit registry services. This collaboration aims to elevate the service delivery for BT-managed funds, benefiting both the company and its investors.
The Details of the Agreement
Under this agreement, SS&C will provide unit registry services across 88 funds managed by BT. This upgrade includes comprehensive investor servicing solutions and enhanced unit registry websites designed for seamless digital access, enabling investors to efficiently manage their accounts and execute transactions online.
Transition from In-House to Outsourced Services
Previously, BT managed its unit registry and investor servicing in-house, a process that often requires substantial resources and infrastructure. By partnering with SS&C, BT aims to focus more on strategic growth and enhancing customer experiences, while leaving the complexities of registry operations to SS&C's experienced team.
Benefits of the Partnership
Shaun McKenna, Head of SS&C GIDS, expressed enthusiasm about the collaboration, stating, "We are excited to partner with BT. Our teams are diligently working together to ensure a smooth integration of our operating model and technologies to deliver an exceptional experience right from the start." This partnership is expected to leverage SS&C's extensive experience in digital transformation within asset management, enhancing BT's operational efficiency.
SS&C GIDS stands as the largest transfer agent and unit registry entity globally, processing over 200 million transactions annually and supporting more than 1,000 clients worldwide. This extensive capability allows SS&C to cover every aspect of the investor lifecycle effectively, providing end-to-end solutions that modernize operations in the financial sector.
About BT
BT is an integral part of the Westpac Group and boasts a rich 50-year history in delivering wealth management services. This includes a wide range of investment solutions that empower financial advisers and investors alike. BT's commitment to enabling high-quality financial advice has positioned it as one of Australia's foremost wealth management companies.
About SS&C Technologies
Founded in 1986, SS&C Technologies has cemented its position as a trusted global provider of services and software dedicated to the financial services and healthcare industries. Based in Windsor, Connecticut, SS&C serves a diverse clientele, ranging from major corporate giants to smaller enterprises, underpinned by expertise, innovative technology, and scalable solutions.
Frequently Asked Questions
What is the significance of BT partnering with SS&C?
This partnership brings enhanced technology and registry solutions, allowing BT to improve investor access and operational efficiency.
How many funds will SS&C manage for BT?
SS&C will provide unit registry services for 88 funds managed by BT.
What are the main benefits for BT in this collaboration?
BT will focus on its core operations and strategic growth, while SS&C manages the complexities of registry operations.
How does SS&C support investor engagement?
SS&C enhances investor engagement by providing digital access to accounts and facilitating smooth online transactions.
What is SS&C's expertise in financial services?
SS&C has substantial experience in digital transformation for asset managers, helping streamline operations across the financial sector.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.
Related Articles
- Gulfport Energy Concludes Successful Tender Offer for Notes
- Innovent Presents Exciting Phase 2 Results for Dupert in Lung Cancer
- Samsung SDI Offloads Polarizing Film Unit for Strategic Growth
- Ventas Unveils Comprehensive Sustainability Report for 2023
- New Legislation Targets Business Ties with Chinese Biotech Firms
- Steam Boiler Systems Market Poised for Significant Growth Ahead
- Keg Royalties Fund Declares Cash Distribution for September 2024
- Join Birdeye View 2024: A Premier AI Conference for Growth
- Political Challenges Cast Doubts on RBA Reform Efforts
- NBT Bancorp Expands Operations with Evans Bancorp Acquisition
Recent Articles
- The Transformative Future of the Background Music Industry
- ADF Strengthens Ties with Bohemia Interactive for Simulation Software
- Transforming Healthcare Finance: Vytalize Health's Journey
- Sustainable Food Production Initiatives Highlighted by Brazilian Leaders
- Brazilian Agricultural Leaders Unite for Sustainable Practices
- Exploring the Future of the Medical Marijuana Market Growth
- How DoorDash Transformed Delivery Services with NetSuite
- AI Startups Thrive with Oracle NetSuite's Robust Solutions
- Exploring NetSuite's Innovative Project Management Advancements
- Exploring Growth Insights in the Pest Control Services Market
- Oracle NetSuite Unveils AI Tools for Enhanced Finance Management
- Elevating Data Strategies: New Innovations from Oracle NetSuite
- Guitar Market Expected to Reach $1.84 Billion by 2028
- Oracle NetSuite Launches SuiteProcurement for Enhanced Buying Power
- Market Calm Expected Amid China Trade Developments
- Boeing's Production Delays and Its Impact on Suppliers
- M2 Compliance Strengthens Presence with Sponsorship at LD Micro
- California Baptist University Surpasses $40 Million Challenge Milestone
- Yeelight Showcases Innovative Smart Lighting Solutions
- Transforming Waste: Sector Growth to Hit USD 28.69 Billion
- Iowa Welcomes National Institutes of Health All of Us Tour
- Optical Cable Corporation Announces Q3 2024 Earnings Call
- Growth Surge Projected in Pharmaceutical Excipients Market
- Projected Growth of Autoinjectors Market by USD 303.7 Billion
- Colombia's Stock Market Trends: An Overview of Recent Movements
- Market Recovery: Mexican Stocks Rise as Investors Gain Confidence
- Under Armour Anticipates Increased Loss Due to Restructuring
- Exploring Economic Growth Attributable to DART Developments
- CVG Set to Engage Investors at the Barrington Conference
- Woodward Welcomes Ron Charles as New Chief HR Officer
- Study Reveals Surge in Adult Cannabis Use Amid Teen Stability
- MCAN Financial Group Welcomes New CFO with Strong Experience
- Genesis Land Development Corp. Elevates Leadership Team
- Unlocking the Growth Potential of Republic Services: A Journey
- Explosive Growth: Investing $1000 in Palo Alto Networks
- P2 Gold Completes Latest Financing Tranche Successfully
- Identifying Promising Small-Cap Stocks in a Changing Market
- Under Armour Revamps Restructuring Strategy and Outlook
- Hewlett Packard Stock Sees Decline Following Offering Announcement
- Common to Host PPMW's Impact Gala Empowering Communities
- Reel Power Industrial Enhances Business with Novatec Equipment
- Empowering Health Research: The All of Us Journey in Spokane
- Anticipated Growth in Global Animal Feed Market Through 2028
- The Rising Chip Mounter Market: Trends and Innovations Ahead
- EZGO Technologies Reports Impressive Financial Growth
- Exploring Innovative Treatments for Idiopathic Pulmonary Fibrosis
- TEDCO Launches Initiative to Support Underserved Entrepreneurs
- Exploring the Rapid Growth of the UV Lamp Market Ahead
- NACD Northern California Welcomes Two Esteemed Board Members
- Positive Momentum in Russian Stock Market Reflects Growth