SS&C has been selected as fund administrator for Nicola Wealth Management (NWM), a Canadian wealth manager with just under $4 billion in assets under management.
Services provided will include fund accounting and investor services.
The mandate was reportedly based on SS&C’s expertise and experience, and for it’s technology platform, which will now support NWM’s 15 funds and four limited partnerships.
SS&C also offers localised teams, with five locations across Canada. The service provider now supports 370 investment firms across Canada.
Michael Taylor, CFO at NWM, said: "Working with SS&C will allow us to improve productivity and internal control.”
He added: “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."
Bill Stone, chair and CEO of SS&C Technologies, said: “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.”
