SS&C Technologies Partners with Carnegie Capital Advisors for Investment Accounting Services

Strategic Insights -

SS&C Technologies has formed a strategic alliance with Carnegie Capital Advisors to provide investment accounting and regulatory reporting services to its insurance clients through SS&C Direct, the Company's outsourcing division. This partnership aims to meet the demands of the ever-evolving marketplace, providing cost-effective solutions for clients without the need for additional infrastructure. Carnegie Capital Advisors, a registered investment advisor headquartered in Charlotte, NC, specializes in partnering with small to mid-sized insurance companies to offer a complete investment solution.

Key Takeaways:

  • SS&C Technologies has partnered with Carnegie Capital Advisors to offer investment accounting and regulatory reporting services to its insurance clients.
  • The partnership will provide a range of services, including automated receipt and daily processing of investment transactions, processing of securities information, investment accounting, and daily and monthly reporting.
  • The services will be offered through SS&C Direct, the Company's outsourcing division, and will enable clients to expand into services offered by only the most elite insurance asset managers.
  • Carnegie Capital Advisors specializes in partnering with small to mid-sized insurance companies to provide a complete investment solution.
  • SS&C Technologies primarily targets its products and services to large-scale, sophisticated investment enterprises who manage over $2 trillion in assets.
  • The partnership will enable SS&C to provide its services to a wider range of clients, including smaller insurance companies.
  • Julie Garella, Principal of Carnegie Capital Advisors, stated that the strategic alliance with SS&C Direct was formed to provide clients with the array of services demanded in today's marketplace.
  • Michelle Maidt, Principal and Chief Investment Officer of Carnegie Capital Advisors, noted that adding SS&C Direct's services was cost-effective for clients without the need to add infrastructure.

Statistics:

  • SS&C Technologies has partnered with Carnegie Capital Advisors to offer investment accounting and regulatory reporting services to its insurance clients.
  • SS&C Direct is the outsourcing division of SS&C Technologies.
  • Carnegie Capital Advisors, a registered investment advisor headquartered in Charlotte, NC.
  • The partnership has expanded SS&C's services to include automated receipt and daily processing of investment transactions, processing of securities information, investment accounting, and daily and monthly reporting.
  • SS&C Technologies targets its products and services to large-scale, sophisticated investment enterprises who manage over $2 trillion in assets.
  • The company has offices in the U.S., Canada, Europe, and Asia.

Sources:

  • SS&C Technologies press release, "SS&C Technologies Announces Partnership with Carnegie Capital Advisors," June 3, 1998.
  • Carnegie Capital Advisors website, "About Us."
  • SS&C Technologies website, "Company Overview."