The acquisition solidifies SS&C’s dedication to proving scalable profit cost options to their institutional shoppers.
SS&C Applied sciences Holdings, Inc. in the present day introduced the acquisition of FPS Belief Firm, a non-depository belief firm, from IPX Retirement. FPS Belief focuses on offering providers to banks and institutional retirement plan suppliers. Monetary phrases weren’t disclosed.
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Primarily based in Centennial, Colorado, FPS Belief provides high-volume b********** distributions, paying agent providers and tax processing options to institutional trustees and retirement plan directors. FPS Belief will function inside SS&C Innovest. Beforehand, SS&C Innovest partnered with FPS Belief to offer paying agent providers to their present shoppers on the SS&C InnoPay high-volume worker profit cost processing platform.
“We’re excited to welcome the FPS group to SS&C,” mentioned Glenn Schmidt, Basic Supervisor of SS&C Innovest. “The acquisition permits us to construct on an already sturdy partnership as a part of a single group. Collectively, we are able to additional improve the managed providers we offer to our institutional clients as we help them in delivering glorious, scalable service to their shoppers.”
“The mixing of FPS Belief and SS&C will allow SS&C to increase its vary of providers, significantly these supplied to wealth managers issuing taxable distributions on the SS&C Belief Platform,” mentioned Invoice Mueller, CEO of IPX Retirement. “SS&C is now properly positioned to additional broaden on the synergies with SS&C Managed Providers and optimize their custodial choices to institutional trustees and financial institution belief corporations.”
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IPX Retirement is a number one supplier of belief, custody, IRA, and recordkeeping providers to the retirement plan business. Our progressive multi-vendor, multi-provider strategy delivers superior worth for monetary advisors, plan sponsors, funding suppliers, TPAs, and the buyers they serve.
SS&C is a world 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. Greater than 20,000 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.
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