The firm chose SS&C SalesConnect as its primary sales data management solution for intermediary distributed products.
Independent asset management firm Allspring Global Investments has added to its long-term agreement with SS&C Technologies by choosing SS&C SalesConnect as its primary sales data management solution for all intermediary distributed products in the U.S., officials say. Allspring has $642 billion in assets under advisement.
Allspring is an existing customer of SS&C’s suite of services such as transfer agency and shareholder servicing, digital investor, blue sky reporting, business intelligence, automation, and accounting reconciliation, officials say.
By implementing SS&C SalesConnect, Allspring intends to “eliminate data silos and act on high-fidelity insights in real time. The solution covers the full lifecycle from account opening on the transfer agency system through sales reporting, CRM and business intelligence,” officials say.
Allspring staff intends to establish a “single source of truth” consisting of “clean, consistent, and synchronized data” about distributor firms and advisors for its distribution and back-office organization, officials say.
“As our business continues to evolve, having a unified view of our distribution data is critical. SalesConnect will help us connect information across our distribution and operational processes, providing greater visibility, consistency, and insight across the organization. We look forward to leveraging the platform to drive greater efficiency, agility, and informed decision-making,” says Allegra Heyligers, chief operating officer (COO), Global Distribution at Allspring, in a prepared statement.
The engagement encompasses Allspring’s retail and retirement channel products, including mutual funds, separately managed accounts (SMAs), exchange-traded funds (ETFs) and collective investment trusts (CITs). The firm intends to consolidate these diverse product sets into a unified platform to gain “greater visibility into sales flows and client activity, allowing for more precise strategic decision-making.
Allspring has 18 offices globally, and investment teams supported by 360+ investment professionals.
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