SS&C Technologies Secures Continued Partnership with Principal Asset Management
WINDSOR, Conn., March 25, 2025
SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), a global provider of financial services technology, announced today that Principal Asset Management has extended its transfer agency relationship with SS&C. This partnership, which has been in place since 2010, will continue to enable Principal Asset Management to deliver high-quality investor services to its clients.
Background
Principal Asset Management, a leading global investment manager, has been utilizing SS&C’s transfer agency services for over a decade. SS&C’s transfer agency solution provides end-to-end investor services, including shareholder recordkeeping, tax reporting, and distribution processing. The partnership has allowed Principal Asset Management to streamline its operations, reduce costs, and improve the investor experience.
The Extension
The extension of the partnership is a testament to the successful collaboration between SS&C and Principal Asset Management. According to Bill Stone, Chairman and CEO of SS&C Technologies, “We are delighted to continue our long-standing partnership with Principal Asset Management. SS&C’s transfer agency solution has been instrumental in helping Principal streamline its operations and deliver superior investor services.”
Impact on Principal Asset Management
For Principal Asset Management, the extension of the partnership with SS&C means continued access to leading-edge technology and expertise in investor services. Principal Asset Management can expect to benefit from SS&C’s ongoing innovation and investment in its transfer agency platform. This will enable Principal Asset Management to continue delivering high-quality investor services and maintaining its competitive edge in the market.
Impact on Individuals
For individual investors, the extension of the partnership between SS&C and Principal Asset Management may not have a direct impact. However, it does demonstrate the commitment of both companies to delivering high-quality investor services. This commitment can lead to improved investor experiences, such as more efficient processing of transactions, accurate tax reporting, and timely communication.
Impact on the World
The extension of the partnership between SS&C and Principal Asset Management is a positive sign for the financial services industry as a whole. It highlights the importance of technology and innovation in delivering efficient and effective investor services. This trend is likely to continue as more financial institutions seek to streamline their operations and improve the investor experience.
Conclusion
In conclusion, the extension of SS&C’s transfer agency relationship with Principal Asset Management is a significant development for both companies. It demonstrates the success of the partnership and the value that SS&C’s technology and expertise bring to Principal Asset Management. For individuals, the extension of the partnership is a positive sign for the future of investor services. And for the financial services industry as a whole, it is a reminder of the importance of technology and innovation in delivering high-quality investor services.
- SS&C Technologies Holdings, Inc. has announced that Principal Asset Management has extended its transfer agency relationship with SS&C.
- The partnership, which has been in place since 2010, will continue to enable Principal Asset Management to deliver high-quality investor services to its clients.
- The extension is a testament to the successful collaboration between SS&C and Principal Asset Management.
- Individual investors may not be directly impacted, but can expect improved investor experiences as a result of the partnership.
- The trend towards technology and innovation in investor services is likely to continue.
