SS&C Technologies Acquires FPS Trust

Core Insights - SS&C Technologies Holdings, Inc. has acquired FPS Trust Company, enhancing its scalable benefit payment solutions for institutional clients [1][3] - FPS Trust specializes in high-volume beneficiary distributions, paying agent services, and tax processing solutions for institutional trustees and retirement plan administrators [2] - The acquisition will allow SS&C to strengthen its existing partnership with FPS Trust and expand its service offerings, particularly for wealth managers [3] Company Overview - SS&C Technologies is a global provider of services and software for the financial services and healthcare industries, founded in 1986 and headquartered in Windsor, Connecticut [5] - The company serves over 20,000 financial services and healthcare organizations, ranging from large corporations to small and mid-market firms [5] Industry Context - IPX Retirement, the seller of FPS Trust, is a leading provider of trust, custody, IRA, and recordkeeping services to the retirement plan industry, emphasizing a multi-vendor approach [4]