WINDSOR, Conn. , Feb. 24,
2025 /PRNewswire/ -- SS&C Technologies
Holdings, Inc. (Nasdaq: SSNC) today announced that LPL
Financial Holdings, Inc. (Nasdaq: LPLA), a leading provider of
investment and business strategies for financial advisors, has
broadened its relationship with SS&C Technologies. LPL
Financial (LPL), which uses SS&C's Brokerage Solutions, will
leverage SS&C ALTSERVE™ to grow its alternatives business.
"LPL has launched LPL Alts Connect to enhance the overall
alternative investment experience, broaden our available investment
suite, and enhance education and awareness across our advisor
base," said Cheri Belski, Executive
Vice President and Head of Investment Management Solutions for LPL.
"The integration with SS&C will help streamline back and
middle-office functions and standardize data feeds, allowing for
the custody of more alternative investment products at LPL and more
efficient day-to-day processing."
LPL will be able to offer its advisor network a better client
experience through:
- The ability to onboard and transfer more alternative investment
positions to LPL custody
- Increased capacity to transfer positions in both taxable and
tax-exempt registrations
- Expedited subscriptions, redemptions, transfers, distributions,
capital call processing, and more
- Improved timeliness and accuracy of position valuations and
reconciliation on LPL's platform and on account statements
"We are thrilled to expand our valued relationship with LPL
Financial as they grow their alternatives business," said
Nicole Greene, Head of Global
Investor and Distribution Solutions, U.S. "SS&C has extensive
experience creating solutions to address alternative investment
processing, brokerage, and transfer agency needs. We look forward
to expanding our partnership with LPL Financial to streamline these
complex operations and elevate service as their business
grows."
Learn more about SS&C ALTSERVE™ here.
About LPL Financial
LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest
growing wealth management firms in the U.S. As a leader in the
financial advisor-mediated marketplace, LPL supports nearly 29,000
financial advisors and the wealth management practices of
approximately 1,200 financial institutions, servicing and
custodying approximately $1.7
trillion in brokerage and advisory assets on behalf of
approximately 6 million Americans. The firm provides a wide range
of advisor affiliation models, investment solutions, fintech tools
and practice management services, ensuring that advisors and
institutions have the flexibility to choose the business model,
services, and technology resources they need to run thriving
businesses. For further information about LPL, please visit
www.lpl.com.
Securities and advisory services offered through LPL
Financial LLC ("LPL Financial"), a registered investment advisor
and broker-dealer, member FINRA/SIPC.
Throughout this communication, the terms "financial advisors"
and "advisors" are used to refer to registered representatives
and/or investment advisor representatives affiliated with LPL
Financial.
We routinely disclose information that may be important to
shareholders in the "Investor Relations" or "Press Releases"
section of our website.
*Value approximated based on asset and holding details provided to
LPL from end of year, 2024.
About SS&C Technologies
SS&C is a global provider of services and software for the
financial services and healthcare industries. Founded in 1986,
SS&C is headquartered in Windsor,
Connecticut, and has offices around the world. More than
22,000 financial services and healthcare organizations, from the
world's largest companies to small and mid-market firms, rely on
SS&C for expertise, scale and technology.
Additional information about
SS&C (Nasdaq: SSNC) is available at www.ssctech.com.
Follow SS&C on Twitter, LinkedIn and Facebook.
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SOURCE SS&C
