WINDSOR, Conn., Jan. 29, 2015 (GLOBE NEWSWIRE) -- SS&C Technologies Holdings, Inc. (Nasdaq:SSNC), a global provider of financial services software and software-enabled services, today announced that Albert Fried & Company, LLC selected SS&C's Global Wealth PlatformTM (GWP) to support its growing boutique prime brokerage business.
Albert Fried & Company was looking to gain a competitive advantage by using web-based performance reporting to enhance internal processes and client service. The broker-dealer will use SS&C's performance and client reporting capabilities as part of a hosted middle- to -back-office platform to provide customers with high quality analysis and reporting.
The software will be deployed on a hosted basis, allowing Albert Fried to minimize internal technology costs while leveraging SS&C's data management capabilities.
"Over the past several years, we have seen impressive growth in our prime brokerage business," said Carl Lang, Chief Technology Officer, Albert Fried & Company. "SS&C enables us to deliver sophisticated client service with state-of-the-art web-based wealth management data-driven technology, performance and client reporting."
"We are committed to serving the broker-dealer community and are proud to add Albert Fried to our list of broker-dealer customers," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "We're confident that our leading technologies will help them better serve their clients and streamline their operations."
About Albert Fried & Company, LLC.
Founded in 1919, Albert Fried & Company, LLC established its roots as a specialist firm on the New York Stock Exchange shortly after World War I. Albert Fried & Company, LLC has since evolved into a premier 'institutional-centric' financial services organization, providing prime brokerage and clearing, execution, trading services and trading technology, commission management and top-level research along with other services.
About SS&C Technologies
SS&C is a global provider of investment and financial software-enabled services and software focused exclusively on the global financial services industry. Founded in 1986, SS&C has its headquarters in Windsor, Connecticut and offices around the world. Some 6,900 financial services organizations, from the world's largest institutions to local firms, manage and account for their investments using SS&C's products and services. These clients in the aggregate manage over $26 trillion in assets.
Additional information about SS&C (Nasdaq:SSNC) is available at www.ssctech.com.
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