SS&C backs LPL’s retail alts business

SS&C Technologies and LPL Financial Holdings have broadened their existing relationship in order to expand retail access to LPL’s new alternatives business.

LPL Alts Connect will make use of SS&C’s AltServe technology to expand capacity, improve timeliness and accuracy, and expedite processes.

LPL Alts Connect launched last week as a full-service alternative investments platform for advisors and clients to manage their investments in one place.

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It aims to make the purchase and management of alternative investments easier and will provide various tools for advisors to better meet the needs of their high and ultra-high net-worth clients.

“LPL has launched LPL Alts Connect to enhance the overall alternative investment experience, broaden our available investment suite, and enhance education and awareness across our advisor base,” said Cheri Belski, executive vice president and head of investment management solutions for LPL.

“The integration with SS&C will help streamline back and middle-office functions and standardize data feeds, allowing for the custody of more alternative investment products at LPL and more efficient day-to-day processing.”

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“We are thrilled to expand our valued relationship with LPL Financial as they grow their alternatives business,” said Nicole Greene, head of global investor and distribution solutions, US, at SS&C.

“SS&C has extensive experience creating solutions to address alternative investment processing, brokerage, and transfer agency needs. We look forward to expanding our partnership with LPL Financial to streamline these complex operations and elevate service as their business grows.”

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