Dimensional Fund Advisors Renews Transfer Agent Relationship with SS&C
SS&C Technologies Holdings (SSNC) has announced the renewal of its transfer agency agreement with Dimensional Fund Advisors (DFA) for their U.K. fund range.
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Rhea-AI Summary
SS&C Technologies Holdings (SSNC) has announced the renewal of its transfer agency agreement with Dimensional Fund Advisors (DFA) for their U.K. fund range. The extended partnership will see SS&C providing transfer agency services for DFA's open-ended investment company funds, which manage GBP 8.7 billion in assets.
This renewal builds on a decade-long relationship between the companies, following DFA's 2023 contract renewal for SS&C to service its '40 Act mutual funds in the U.S. SS&C Global Investor and Distribution Solutions (GIDS), as the largest global transfer agency, services over 1,000 clients worldwide, offering data-driven operational insights, end-to-end interaction recording, digitized service delivery, and global data management capabilities.
Positive
- Contract renewal secures continued revenue stream from major client
- Expansion of relationship in key UK market following 2023 US renewal
- Services large client with GBP 8.7B in assets under management
Negative
- None.
Details
News Market Reaction – SSNC
The recorded move for SSNC in the trading session of this news was +0.79%.
Data tracked by StockTitan Argus. Session date unavailable.
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"We are pleased to continue our relationship with SS&C, which has been integral to our efforts to provide clients with top-quality service," said David Kavanaugh, Global Head of Investment Operations at Dimensional. "The firm's cutting-edge technology and expert team help us deliver an enhanced experience for investment professionals across the globe."
Dimensional has leveraged SS&C GIDS' services for over a decade across numerous funds and markets. In 2023, Dimensional renewed its contract with SS&C to service its '40 Act mutual funds lineup in the
As the largest global transfer agency, SS&C GIDS services over 1,000 clients worldwide. SS&C's suite of TA services includes data-driven operational insights, end-to-end interaction recording, digitized service delivery, and global data management, among other capabilities.
"We are thrilled to continue our collaboration with Dimensional," said Damien Barry, head of SS&C GIDS, EMEA. "Our global team of functional experts has helped power their growth in the
*As of year-end 2024
About Dimensional Fund Advisors
Dimensional is a leading global investment firm that has been translating academic research into practical investment solutions since 1981. Guided by a strong belief in markets, we help investors pursue higher expected returns through a systematic investment process that integrates research insights with advanced portfolio design, management, and trading while balancing tradeoffs that can impact returns. Dimensional is headquartered in
About SS&C Technologies
SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in
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SS&C (Nasdaq: SSNC) is available at www.ssctech.com.
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