SS&C to administrate $4bn for Canadian wealth manager

Nicola Wealth Management (NWM) has appointed SS&C to provide fund administration services for nearly $4 billion in assets under management (AUM).

As part of the appointment, SS&C will provide fund accounting and investor services as well as use its technology platform to support NWM’s 15 funds and 4 limited partnerships.

“Working with SS&C will allow us to improve productivity and internal control”, said Michael Taylor, chief financial officer at NWM.

“Repositioning our fund accounting and transfer agency service requirements with SS&C will reduce operational risk and will allow us to better serve our clients as we continue to grow into the future.”

SS&C currently provides services to more than 370 Canadian investment firms ranging from CAD $100 million to CAD $250 billion in AUM.

“We are pleased to add NWM to our growing list of Canadian clients,” said Bill Stone, chairman and chief executive officer, SS&C Technologies.

“Canada is a key market for us, and we look forward to helping NWM meet the challenges investment firms face in an increasingly complex regulatory and operational environment.”