SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced that Fundsmith LLP, a London-based investment management company, has extended its long-term transfer agency relationship with SS&C Global Investor and Distribution Solutions (GIDS).
Fundsmith and SS&C first partnered when Terry Smith launched Fundsmith in 2010, with SS&C providing fund administration technology and services. Since then, Fundsmith has grown into one of the U.K.'s leading fund managers, with GBP22.2 billion in assets in its award-winning Fundsmith Equity Fund at the end of November 2022.
"We are delighted to extend our longstanding relationship with SS&C," said Mark Laurence, COO. "The Fundsmith Equity Fund today is the largest active equity mutual fund in the U.K. with circa 40,000 investors. SS&C's technology underpins our online investment and MyAccount functionality for retail investors and allows them to have a simple way to invest and manage their investments online. We look forward to working with SS&C, the world's largest transfer agency provider, to constantly improve our customer service."
"After 12 years, we are pleased to continue our relationship with Fundsmith," said Damien Barry, Head of EMEA, SS&C GIDS. "Fundsmith's extension with us is a testament to our commitment to delivering service excellence and modern technology to help fund managers provide a unique investor experience."
