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$4 billion Canadian wealth manager selects SS&C as its fund administrator

Friday, April 29, 2016
Opalesque Industry Update - SS&C Technologies Holdings, Inc., a provider of financial services software and software-enabled services, has announced that it has been appointed by Nicola Wealth Management (“NWM”) to provide a range of fund administration services for nearly $4 billion in assets under management (AUM).

NWM has grown to be one of Canada’s leading independent wealth management firms with close to $4 billion AUM and over 130 employees in four locations across Canada, including Vancouver and Toronto. SS&C will provide NWM with a full range of administration services including fund accounting and investor services. NWM will benefit from SS&C’s expertise and service, while its technology platform will support NWM’s 15 funds and 4 limited partnerships.

"Working with SS&C will allow us to improve productivity and internal control”, commented Michael Taylor, Chief Financial Officer, NWM. “Repositioning our fund accounting and transfer agency service requirements with SS&C will reduce operational risk and will allow us to better serve our clients as we continue to grow into the future. We are impressed with SS&C’s large suite of sophisticated technology offerings and its operating platform in Canada and around the world."

With more than 400 employees based in five office locations across Canada, SS&C delivers bilingual client support, product development, and localized expertise to more than 370 Canadian investment firms, ranging from CAD $100 million to $250 billion in assets under management.

"We are pleased to add NWM to our growing list of Canadian clients,” noted Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “Canada is a key market for us, and we look forward to helping NWM meet the challenges investment firms face in an increasingly complex regulatory and operational environment.”

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