The asset manager is expanding its relationship with SS&C Global Investment & Distribution Solutions.
Asset manager Allspring Global Investments is expanding its transfer agency relationship with SS&C Global Investment & Distribution Solutions (SS&C GIDS), which will now provide investor servicing support, officials say.
“Under the extended agreement, SS&C will provide investor servicing to Allspring’s Institutional Liquidity business, which manages $228 billion across five money market funds,” according to the announcement. “Allspring already leverages multiple SS&C solutions, including transfer agency services supporting its mutual funds, digital investor servicing capabilities, automation solutions, and accounting services.”
The wider scope will mean that SS&C GIDS “will also manage regulatory compliance with Blue Sky state securities laws and support distribution across Allspring’s Institutional Liquidity portfolio,” officials say. This is intended to help streamline operations and improve regulatory oversight and investor engagement.
Based in Charlotte, North Carolina, Allspring has more than $628 billion in assets under advisement, 19 offices globally, and investment teams supported by 375-plus investment professionals, officials say.
“We look forward to working with Allspring as they elevate services and options for their Institutional Liquidity customers,” says Nicole Greene, head of SS&C GIDS U.S., in a prepared statement.
SS&C GIDS is part of SS&C Technologies, a provider of services and software for financial services and securities operations. The company is headquartered in Windsor, Connecticut.
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