WINDSOR,
Conn., Dec. 10, 2024 /PRNewswire/ -- SS&C
Technologies Holdings, Inc. (Nasdaq: SSNC) today announced First
Merchants Private Wealth Advisors, a unit of First Merchants Bank,
has implemented the SS&C Trust Suite to support its private
banking and trust businesses. SS&C was chosen following a
rigorous, six-month RFP and review process of several technology
and service providers. The decision was driven by the high level of
integration among the trust platform's components and the team's
support.
"We're excited to partner with SS&C to accelerate the growth
of our private wealth business," said Mark
Hardwick, CEO of First Merchants Corporation. "Their
cloud-based solution provides the scalability and performance we
need to meet the evolving needs of our clients, both today and in
the future."
Based in Muncie, Indiana, First
Merchants Private Wealth Advisors has over $4B in assets under management and advises on
over $8B in assets for families and
institutions. The firm has a record of growth, both organic and
through acquisition, expanding into Ohio and Southeast
Michigan in recent years. As business was growing and client
needs were evolving, First Merchants outgrew its legacy trust
accounting system, CRM platform, and investment reporting tools. As
a holistic wealth advisory firm, they sought a more integrated,
scalable solution for both their advisors and clients, ultimately
selecting SS&C.
The SS&C Trust Suite combines a comprehensive,
cloud-delivered platform with managed operational services,
enabling trust providers to streamline workflows and improve
operational efficiency. The Suite delivers a modern, interactive
client experience and seamlessly integrates functionality from
across SS&C's wealth offerings, including:
- The Black Diamond® Wealth Platform for data aggregation,
performance reporting, and financial planning
- InnoTrust principal and income accounting solution and Managed
Services for outsourced back-office operations
- Salentica Elements, a CRM solution purpose-built for investment
management businesses
"We are thrilled to serve a landmark Indiana institution doing great things," said
Bill Stone, Chairman and CEO.
"SS&C's breadth and depth of offerings and the expertise and
dedication of our team enabled us to deliver on everything First
Merchants required to take their operations to the next level."
About SS&C Technologies
SS&C is a global provider of services and software for the
financial services and healthcare industries. Founded in 1986,
SS&C is headquartered in Windsor,
Connecticut, and has offices around the world. Some 20,000
financial services and healthcare organizations, from the world's
largest companies to small and mid-market firms, rely on SS&C
for expertise, scale, and technology.
Additional information about
SS&C (Nasdaq: SSNC) is available at
www.ssctech.com.
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SOURCE SS&C
