New integration provides SS&C clients access to high-quality dividend data
QUODD Financial Information Services (“QUODD”), a business unit of Financeware, a NewSpring Holdings platform company, has announced a new strategic data partnership with SS&C Technologies. The partnership combines SS&C’s industry-leading end-to-end, tech-enabled retirement solutions with QUODD’s deep domain expertise in delivering market-leading data solutions over the past 20 years. Together, SS&C and QUODD will provide an integrated offering that enables SS&C Retirement Solutions’ clients to access QUODD’s dividend data.
“Partnering with QUODD gives us a competitive advantage, enabling us to provide our clients with high quality and reliable dividend data in one consolidated feed,” says Kevin Rafferty, General Manager of SS&C Retirement Solutions. “By leveraging QUODD’s data, we can reduce risk and streamline dividend processing to reduce manual entries. SS&C also will be able to perform back-end processing faster.”
To ensure accuracy, QUODD sources data directly from the fund company or their transfer agent. Dividends and capital gain rates are delivered on ex-date. The capital gains are broken out by short- and long-term. All relevant dates are reported, including record date, payable date, ex-dividend date, and reinvest date.
“We are very proud to partner with an innovative fintech institution like SS&C to help them enhance their client experience with a direct tangible benefit to their end-users,” says Bob Ward, CEO of QUODD and Financeware. “At QUODD, our mission is to improve the quality and data accuracy for the wealth and retirement ecosystem with a cost-effective alternative.”
This partnership comes on the heels of SS&C Black Diamond’s technology integration with Wealthcare’s GDX360® goals-driven planning and investment management platform. Wealthcare, an innovator in wealth management and a tech-enabled registered investment advisor provider, is QUODD’s sister company and another business unit of Financeware. “By deepening relationships with our institutional partners and end-users, we’re able to customize our comprehensive data and tech-enabled solutions that allow clients to innovate, save time and money,” says Bob Ward, CEO of QUODD and Financeware.
via PR Newswire