Are you partnered with the right transfer agent for your needs?
October 28, 2021 at 12:11 am EDT
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Transfer agents are evolving to meet changing marketplace challenges and demands and are rapidly becoming more than just a recordkeeper. With the accelerating pace of technology innovation, leading asset managers are partnering with their transfer agent as a strategic element of their growth strategy. Transfer agents already help asset managers improve distribution, deliver superior investor and advisor experiences, and gain greater insights into data.
So, what should asset managers look for in a transfer agency provider in order to achieve the optimal strategic value from the relationship? There are six "must-have" capabilities that asset managers should expect from a transfer agent:
Contemporary, constantly evolving technology infrastructure - transfer agents need to have a modern, high-security backbone that is consistently being improved to address evolving threats and take advantage of rapidly emerging technology.
Global reach, local knowledge - transfer agents must navigate a maze of regional regulatory regimes and accounting standards. Partnering with a transfer agent with presence and capabilities across all jurisdictions gives fund managers a cost-effective and efficient solution.
Data aggregation across the financial system - asset managers need a transfer agent that can provide service and support across the entire investment ecosystem, from alternative retail platforms and wealth managers to retirement plans and insurance providers.
A global view of the customer - only through a global view of the customer is a data-driven sales and distribution strategy truly possible. A global transfer agent alleviates the costs of in-house data collection and analysis while also allowing firms to attain an enterprise view and value of their customer base.
The power of data - when analyzed by advanced machine learning algorithms, the data held by a transfer agent contains invaluable insights that allow sales teams to have more precision and focus in their efforts and more efficiently pinpoint high-value sales targets.
Financial strength and technology innovation - a transfer agent needs to invest continuously in innovation and stay at the forefront of emerging technology. Only a firm that operates its transfer agency service as an independent business has the incentive to make these investments.
View our infographic to see more details about the six "must-haves" for transfer agencies or download the whitepaper, "A new Model in Transfer Agency Services" to learn more about choosing the right transfer agent for your needs
Alternative Investments, Asset Management, EMEA
Asset Managers , transfer agents
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SS&C Technologies Holdings Inc. published this content on 28 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 October 2021 04:10:06 UTC.
SS&C Technologies Holdings, Inc. is a global provider of services and software for the financial services and healthcare industries. The Company provides software-enabled services that allow financial services providers to automate business processes. The Company allows its clients to automate and integrate front-office functions such as trading and modeling, middle-office functions such as portfolio management and reporting, and back-office functions such as accounting, transfer agency, compliance and regulatory services. The Company provides its solutions within the institutional asset and wealth management, alternative investment management, retirement, financial advisory and financial institutions vertical markets. It provides solutions to the healthcare industry, including pharmacy, healthcare administration and health outcomes optimization solutions. Its healthcare solutions include claims adjudication, benefit management, care management and business intelligence services.