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SSandC Globe Op Bill Stone

USD4bn Canadian wealth manager selects SS&C as its fund administrator


SS&C Technologies Holdings has been appointed by Nicola Wealth Management (NWM) to provide a range of fund administration services for nearly USD4 billion in assets under management (AUM).

NWM has grown to be one of Canada’s leading independent wealth management firms with close to USD4 billion AUM and over 130 employees in four locations across Canada, including Vancouver and Toronto. SS&C will provide NWM with a full range of administration services including fund accounting and investor services. NWM will benefit from SS&C’s expertise and service, while its technology platform will support NWM’s 15 funds and 4 limited partnerships.
"Working with SS&C will allow us to improve productivity and internal control,” says Michael Taylor, Chief Financial Officer, NWM. “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."
With more than 400 employees based in five office locations across Canada, SS&C delivers bilingual client support, product development, and localised expertise to more than 370 Canadian investment firms, ranging from CAD USD100 million to USD250 billion in assets under management.
"We are pleased to add NWM to our growing list of Canadian clients,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “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.”

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