- Wesleyan partners with SS&C Technologies (SSNC, Financial) to develop a new digital-first wealth management platform.
- The platform will enhance Wesleyan's product offerings for specialized financial advisers.
- SS&C Hubwise, acquired in 2022, now administers over GBP 20 billion in assets.
SS&C Technologies Holdings, Inc. (SSNC) has announced a strategic partnership with Wesleyan Assurance Society to develop a cutting-edge digital-first wealth management platform. This collaboration marks an extension of SS&C's two-decade-long relationship with Wesleyan, which has historically managed the Wesleyan Unit Trust Managers funds.
The new platform, delivered through SS&C Hubwise, aims to enhance the range of investment and retirement products available to Wesleyan's network of specialist financial advisers. It will not only centralize account and investment management but also offer an enriched user experience under the Wesleyan brand. Initial access will be granted to a select pilot group of advisers in June 2025.
Katie Wadey, Wesleyan's Chief Product and Commercial Officer, highlighted the project's significance in meeting the wealth needs of professionals such as doctors, dentists, and teachers. The platform will also support Wesleyan's flagship With Profits Fund and other funds currently under development.
SS&C Hubwise, since its 2022 acquisition, has rapidly grown, onboarding 25 new firms in just 18 months, and now oversees more than GBP 20 billion in assets. This growth aligns with the increasing demand for streamlined financial advice solutions amidst evolving regulatory landscapes in the U.K.
