19 August 2017
Find out more

SS&C partners HedgeCoVest

02 February 2017  |  3554 views  |  0 Source: SS&C Technologies

SS&C Technologies Holdings, Inc. (SSNC), a global provider of financial services software and software-enabled services, today announced an agreement with HedgeCoVest LLC to provide The SMArt Xchange ('SMArtX') exclusively to SS&C's client base of advisors using Axys® , APX, or Black Diamond .

This integration allows for seamless, sleeve-level reporting and portfolio accounting of all SMArtX accounts through advisor-focused SS&C technology solutions.

SMArtX grants SS&C Advent advisors exclusive access to a UMA/SMA offering that provides intra-day liquidity on more than 150 investment strategies. Advisors gain access to long only, long/short, and options strategies, which are allocated into a single brokerage account. The SMArtX service uses proprietary technology to maintain a real-time record of investment managers' activity and automatically creates trades to sync investors' portfolios with the investment managers' trading strategies. SS&C Advent provides data integration and sleeve-level reporting services for accounts managed on SMArtX so that advisory clients of Black Diamond and other solutions have a seamless experience.

The SMArtX offering through SS&C complements other technology solutions from the firm including APX and GWP, which provide portfolio accounting support to manufacturer and distributor firms.

"The agreement with HedgeCoVest is a natural extension of our existing suite of portfolio accounting, performance reporting, and custodial data functionality along with our vision of providing advisors with a complete wealth platform," said Dave Welling , Managing Director and Co-General Manager, SS&C Advent. "Our integration with SMArtX offers our clients access to investment management data within the tools they already use. Ultimately this improves the end-client experience while helping advisors achieve their business goals in a seamless and integrated workflow."

"We are excited about offering SMArtX exclusively for SS&C's clients," said Evan Rapoport , CEO, HedgeCoVest LLC. "SMArtX combines our unique trading technology and SS&C's industry-leading platforms, giving clients access to the next evolution of managed accounts, real-time performance reporting, and allocations on both traditional equity and alternative strategies." 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.dorsum.euvisit www.worldpaymentsreport.comdownload the paper now

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
8902 views comments | 23 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
7792 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
7131 views comments | 10 tweets | 7 linkedin
hands typing furiouslyWhy Blockchain Might Not Be The Future For...
6421 views 1 | 5 tweets | 3 linkedin
Apple sidelined as Beijing transit system launches payments appApple sidelined as Beijing transit system...
6286 views comments | 11 tweets | 9 linkedin

Featured job

£100-120K Basic dependent on experience plus subst...
London

Find your next job