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The additions are expected to include financial advisors and customer service agents, and represent a 15% increase in associates who focus on clients.
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Estimates for the deal between the analytics platform and private equity firm LLR Partners go as high as $270 million.
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“If insurance and annuities had always been commission free, RIAs would be power users,” says David Lau, CEO of DPL Financial which is partnering with SS&C Advent.
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It comes as part of “an unprecedented series of extremely low” annual increases, according to an analyst with the nonpartisan Senior Citizens League.
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The group of fee-only practices and networks have 1,187 IARs who manage a combined $95.7 billion.
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Neil M. Brown is executive director of the
Controllers Council , and CMO atModern Marketing Partners . He is a frequent author and contributor on marketing, startups, accounting and technology topics. Over his 30-year career, he has founded more than 25 companies and associations. Brown earned an MBA from Northern Illinois University, and a BS-Marketing from Southern Illinois University. Connect with him onLinkedIn , or email him atneil@constrollerscouncil.org .October 13 -
Flows into U.S. fixed-income products this year have already surpassed the total for all of last year.
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