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NorthCoast Asset Management selects SS&C’s wealth management platform


NorthCoast Asset Management (NorthCoast) has chosen SS&C’s leading cloud-based wealth management platform and outsourcing services to streamline its end-to-end investment process lifecycle.

SS&C’s Global Wealth Platform (GWP) provides NorthCoast with a system that will scale to support the firm’s long-term growth.
NorthCoast is a Connecticut-based, independently owned, RIA with USD1.7 billion in assets under management. NorthCoast selected GWP for its fully integrated, cloud-based solution and unified managed account (UMA) capabilities to manage their internal and external money management business. Additionally, NorthCoast will leverage SS&C’s world class data collection and reconciliation outsourcing services.
“We wanted to replace our legacy systems with a modern, cloud-based investment management solution,” says Megan Hall, Senior Vice President of Operations at NorthCoast. “This partnership with SS&C provides us with a fantastic opportunity to upgrade our operations from the front-office to the back-office and achieve greater operational efficiency through SS&C’s leading wealth management platform. We have an ambitious implementation timeline and SS&C was able to demonstrate a rapid but viable approach to meet these deadlines.”
NorthCoast is implementing SS&C’s technology and outsourcing services throughout the entire lifecycle of its investment process. GWP will provide Northcoast a fully integrated platform that seamlessly links front, middle, and back office operations under a single operating environment for all users.  GWP’s advanced trading, modelling, and compliance features will support NorthCoast’s investment decisions coupled with GWP’s strong accounting and client reporting solutions to provide a holistic operating environment to minimise trade risk. GWP will also deliver a seamless client communications solution, eliminating error-prone data transfers and an enhanced customer experience.
“Capturing market opportunity, managing exposures, and achieving business objectives for growth requires a nimble operational infrastructure that can easily adapt to the ever-evolving investment market,” says Eric Rocks, Managing Director, Institutional and Investment Management. “We worked closely with NorthCoast to identify the right combination of solutions to match their unique investment needs. This resulted in a single solution spanning from front office portfolio management to complex transaction-driven accounting in the back office.”

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