SS&C Partners with HedgeCoVest LLC

SS&C Partners with HedgeCoVest LLC
03.02.2017 11:00 am

SS&C Partners with HedgeCoVest LLC

IT Innovations , Accounting

SS&C Technologies Holdings, Inc., 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."

Related News

Sinch and Wavy Join Forces to Accelerate Innovation and Drive Growth in Latin America

Sinch AB (publ), a global leader in cloud communications for mobile customer engagement, has agreed to combine with Wavy to advance innovation globally and to build a leading... Read more »

Businesses can now apply for a Monzo Business Account

Monzo has announced today that it is launching free and premium business accounts. From today, businesses can apply for a Monzo Business Account for £5 per month or a Business... Read more »

Bitfinex & Tether CTO to reveal "The Story of Tether” during an industry-first keynote at the CryptoCompare Digital Asset Summi

Tether has fuelled the growth of digital assets since it was founded in 2014 and today accounts for over 75% of all Bitcoin trading volume. At London’s ... Read more »

Abacus Group Announces Record Revenue and Client Growth in 2019

 Abacus Group, a leading provider of hosted IT solutions and services for alternative investment firms, today announced record accomplishments in 2019, as the company reached... Read more »

Reshaping the Financial Sector of the Middle East with Finnovex Middle East 2020

Advanced technology and innovation have forever disrupted business operations of the past. With changing trends and customer expectation, product offerings, service and... Read more »

Market Logic and Visa Win 2020 BIG Innovation Award

Market Logic announced that Visa & Market Logic have been named a winner in the 2020 BIG Innovation Awards presented by the Business Intelligence Group.

Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel