BT Teams Up with SS&C for Improved Registry Services
In a noteworthy move, BT, a leading figure in the wealth management industry, has formed a long-term partnership with SS&C Global Investor and Distribution Solutions (GIDS) to enhance its unit registry services. This collaboration is set to improve service delivery for funds managed by BT, ultimately benefiting both the company and its investors.
Agreement Details
As part of this agreement, SS&C will take charge of unit registry services for 88 funds managed by BT. This upgrade will feature comprehensive investor servicing solutions and upgraded unit registry websites, designed to provide seamless digital access. This will enable investors to manage their accounts and carry out transactions online more efficiently.
Shifting from In-House to Outsourced Services
Previously, BT handled its unit registry and investor servicing internally, a process that often demands significant resources and infrastructure. By partnering with SS&C, BT aims to concentrate more on strategic growth and enhancing customer experiences, while entrusting the complexities of registry operations to SS&C's skilled team.
Advantages of the Partnership
Shaun McKenna, Head of SS&C GIDS, shared his excitement about the collaboration, stating, "We are thrilled to partner with BT. Our teams are working closely to ensure a smooth integration of our operating model and technologies, delivering an exceptional experience from the outset." This partnership is expected to capitalize on SS&C's vast experience in digital transformation within asset management, thereby boosting BT's operational efficiency.
SS&C GIDS is recognized as the largest transfer agent and unit registry provider worldwide, processing over 200 million transactions each year and supporting more than 1,000 clients globally. This extensive capability enables SS&C to effectively manage every aspect of the investor lifecycle, offering comprehensive solutions that modernize operations in the financial sector.
About BT
BT is a key component of the Westpac Group and has a rich history spanning 50 years in delivering wealth management services. It offers a broad array of investment solutions that empower both financial advisers and investors. BT's dedication to providing high-quality financial advice has established it as one of Australia's leading wealth management firms.
About SS&C Technologies
Founded in 1986, SS&C Technologies has established itself as a reliable global provider of services and software tailored to the financial services and healthcare sectors. Based in Windsor, Connecticut, SS&C caters to a diverse range of clients, from large corporations to smaller businesses, backed by its expertise, innovative technology, and scalable solutions.
Frequently Asked Questions
What is the significance of BT partnering with SS&C?
This partnership enhances 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 be able to focus on its core operations and strategic growth, while SS&C handles the complexities of registry operations.
How does SS&C support investor engagement?
SS&C boosts investor engagement by offering digital access to accounts and facilitating smooth online transactions.
What is SS&C's expertise in financial services?
SS&C has extensive experience in digital transformation for asset managers, helping to streamline operations across the financial sector.
