SS&C Technologies has onboarded St James Place Wealth Management (SJP), the UK’s largest wealth manager, onto its Bluedoor registry system.
The move sees SJP migrate its £69.1 billion of assets under management to Bluedoor from its legacy mainframe application, SALAS.
SJP has used SS&C for a range of administrative functions for its UK life insurance, unit trust management, pensions and investment administration business lines since 2002.
The London-based firm will use the Bluedoor platform to provide its clients with a single consolidated view across all pensions and savings products. It will also enable straight-through processing for accounts and deliver faster end-to-end processing times.
“We are delighted that we’ve been able to enhance our technology with minimal disruption to our business,” said Ian MacKenzie, chief operations and technology officer, SJP. “Our priority is to deliver a high level of service to our clients while improving our capabilities, and SS&C has been a true partner in enabling us on that journey.”
The Bluedoor platform now administers over £100 billion in funds under management.
To ensure a timely and smooth launch migration, SS&C integrated Bluedoor with SJP and its service providers to deliver an end-to-end solution. SS&C also trained and prepared business process outsourcing teams across three countries in Bluedoor for a seamless transition and adoption.
“We’re proud of the work we’ve done in the last two years to ensure the successful migration of SJP’s businesses onto our modern, enhanced technology,” added Bill Stone, chairman and CEO, SS&C Technologies. “Some say migrations of this scale cannot be done, but with careful planning and airtight execution, we were able to hit every milestone on time, and most importantly, with minimal disruption to SJP clients.”
Last month, SS&C signed a multi-year transfer agency services contract with UK asset manager Aberdeen Standard Investments (ASI).