1. SS&C extends transfer agency contract with Principal Asset Management. 2. Principal manages about $160 billion in assets through 114 mutual funds. 3. SS&C provides essential fund services and digital investor solutions. 4. The partnership enhances SS&C's position in financial service offerings. 5. Principal's innovative strategies highlight potential growth for both firms.
The extended relationship with Principal Asset Management signifies strong revenue potential. Similar past agreements have led to stock appreciation for SS&C.
The partnership enhances SS&C's market share and credibility, which is crucial for future growth.
This partnership is likely to generate stable revenue streams over time, akin to previous successful collaborations.
WINDSOR, Conn., March 25, 2025 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced that Principal Asset Management has extended its transfer agency relationship with SS&C. Principal Asset Management is the investment management division of Principal Financial Group (Nasdaq: PFG). SS&C Global Investor & Distribution Solutions will provide a full range of fund services to Principal's 114 mutual funds comprised of 467 mutual and retail alternatives share classes, with approximately $160 billion in assets under management.
Principal's offerings for individual and institutional investors feature more than 50 fund types across equity, fixed income, real estate to alternative strategies. SS&C provides transfer agency and digital investor services, including investor communications, document processing, anti-money laundering services and more.
"We are pleased to extend our valued long-term relationship with Principal Asset Management," said Nicole Greene, Head of SS&C GIDS, U.S. "Principal Asset Management is leading the innovation in financial products with both public and private investment capabilities, multi-asset strategies and retirement solutions. We look forward to working closely with the team to help them realize those ambitions while supporting top-of-the line investor services."
Learn more about SS&C's Global Investor and Distribution Solutions here.
Principal Financial Group® (Nasdaq: PFG) is a global financial company with nearly 20,000 employees* passionate about improving the wealth and well-being of people and businesses. In business for 145 years, we're helping more than 68 million customers* plan, protect, invest, and retire, while working to support the communities where we do business, and build a diverse, inclusive workforce.
*As of September 30, 2024
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 Windsor, Connecticut, and has offices around the world. More than 22,000 financial services and healthcare organizations, from the world's largest companies to small and mid-market firms, rely on SS&C for expertise, scale and technology.
Additional information about SS&C (Nasdaq: SSNC) is available at www.ssctech.com.
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