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Credential Securities Selects SS&C's Global Wealth Platform

Stocks in this article: SSNC

WINDSOR, Conn., May 16, 2013 (GLOBE NEWSWIRE) -- SS&C Technologies Holdings, Inc. (Nasdaq:SSNC), a global provider of financial services software and software-enabled services, today announced Credential Securities Inc., a wholly-owned subsidiary of Credential Financial Inc., has selected SS&C's Global Wealth Platform TM to support its wealth management business.

While bringing the administration of their business in-house and going self-clearing, Credential realized they needed a technology partner on which they could rely on to maintain the credit union tradition of service and integrity. After researching several solutions Credential selected Global Wealth Platform for its advanced managed account capabilities integrating complete order management processing, including modeling, compliance and performance measurement, matched with a comprehensive back office.

"We needed an integrated solution that was flexible and scalable," said Genna Louie, Vice President, Product Solutions and Portfolio Management, Credential. "A technology partner with business expertise in the managed accounts arena that could commit to our timelines."

Global Wealth Platform will provide Credential's trade order web tools, pre-trade and passive compliance and a source of information to support performance measurement and client reporting.

"Credential's business is evolving at a rapid pace, we are excited to partner with them and support their business," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "SS&C's Global Wealth Platform was designed for the managed account space and the functionality of this encompassing system will provide Credential a competitive edge in the Canadian market."

About Credential Financial Inc.

Credential Financial is a national wealth management firm, with over 20 years of experience in the Canadian financial services industry, offering a full suite of products and services to over 225 organizations and more than 1,300 advisors. Credential and its member companies (Credential Asset Management, Credential Securities, Credential Correspondent Partners, Credential Direct, and Credential Insurance Services) provide MFDA and IIROC dealer services, trading and custodian services, online brokerage, and insurance solutions to credit unions and independent financial institutions across Canada. For more information, visit www.credential.com .

About SS&C Technologies

SS&C is a global provider of investment and financial software-enabled services and software focused exclusively on the global financial services industry. Founded in 1986, SS&C has its headquarters in Windsor, Connecticut and offices around the world. Some 5,500 financial services organizations, from the world's largest institutions to local firms, manage and account for their investments using SS&C's products and services. These clients in the aggregate manage over $26 trillion in assets.

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