Smead Capital Management has implemented SS&C Technologies’ Global Wealth Platform (GEP), a cloud-based wealth and institutional asset management platform for private wealth managers and institutional asset managers.
Smead Capital Management manages a US large cap equity strategy in separate accounts and mutual funds for advisers, family offices and institutions with a value-oriented investment discipline.
As of 30 June, the firm managed USD2.2 billion in all accounts, including mutual funds. The firm was formed in July 2007 by chief investment officer Bill Smead, who first created the firm's investment discipline in 1993.
To meet both internal risk and external compliance requirements, Smead wanted to further automate its operational infrastructure, simply and cost-effectively. To achieve this, the company needed to implement a single, web-based platform which included electronic order routing via FIX to enable the company's growth and ability to react to market changes. Smead also needed to spend less time on manual tasks such as monitoring and managing custodial data feeds.
"With this deployment we are running the core operational processes, accessible by all of our staff and managing USD2.2 billion in assets," says Lisa Martin (pictured), chief operating officer and chief financial officer, Smead Capital. "The speed, scale and flexibility of this deployment proved that SS&C was the right choice to support strategic growth plans and improve operational efficiency. In addition, SS&C's integrated end-to-end platform from pre-trade compliance, FIX connectivity, portfolio management to outsourced data transformation and delivery services ensures we are able to consistently focus and deliver exceptional service to our clients."
"SS&C is proud to partner with Smead on this mission-critical project," says Eric Rocks, managing director, SS&C. "The success of this go-live implementation was truly a joint effort."