Press release
American Funds Extends Strategic Partnership with SS&C
WINDSOR, Conn., Nov. 11, 2021 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced that American Funds Service Company, a Capital
About this update from Ss&c Technologies Holdings, Inc.
[{"type":"text","content":"WINDSOR, Conn., Nov. 11, 2021 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced that American Funds Service Company, a Capital Group company, has extended its transfer agency relationship with SS&C Global Investor and Distribution Solutions (GIDS).\n\n \n \n \n \n \n \n\n \nSS&C GIDS provides a full range of transfer agency solutions, including core recordkeeping, a suite of investor and advisor-facing digital solutions and newly enhanced integration tools that offer flexibility to American Funds' specialized servicing models. In addition, American Funds Service Group continues to be a valued client of defined contribution recordkeeping services provided by SS&C Retirement Solutions. \nRich Prior, President of American Funds Service Company at Capital Group, said, \"After careful consideration, American Funds Service Company chose to extend its 30-year relationship with SS&C. Leveraging SS&C GIDS enables us to deliver a consistent, high-quality experience to our investors and advisors. In addition, we look forward to working with SS&C as a client partner on their Lyric initiative.\" SS&C Lyric is a modernized platform for global recordkeeping, designed to provide (or support) fully-integrated solutions to asset managers, financial advisors, broker-dealers and retirement providers. \n\"We are pleased to continue our long and valued relationship with American Funds,\" said Nick Wright, Global Head of SS&C GIDS. \"SS&C enables clients to seamlessly engage with their clients worldwide with advanced technology and high-touch services.\" \nAbout Capital Group\nCelebrating its 90th anniversary in 2021, Capital Group, home of American Funds, has been singularly focused on delivering superior results for long-term investors using high-conviction portfolios, rigorous research and individual accountability. As of June 30, 2021, Capital Group manages more than $2.6 trillion in equity and fixed income assets for millions of individuals and institutional investors around the world. \nCapital Group manages equity assets through three investment groups. These groups make investment and proxy voting decisions independently. Fixed income investment professionals provide fixed income research and investment management across the Capital organization; however, for securities with equity characteristics, they act solely...