Principal Asset Management announced the extension of its transfer agency relationship with SS&C Technologies Holdings, Inc. This renewed partnership ensures that SS&C Global Investor & Distribution Solutions will continue to provide a full range of fund services to Principal's mutual funds. The services will cover 114 mutual funds, comprising 467 mutual and retail alternatives share classes.
These funds represent approximately $160 billion in assets under management for Principal. SS&C's services include investor communications, document processing, and anti-money laundering services. The extension of this long-term relationship is crucial for maintaining operational efficiency and supporting Principal's offerings for individual and institutional investors.
Nicole Greene, Head of SS&C GIDS, U.S., noted that Principal Asset Management is leading innovation in financial products with public and private investment capabilities, multi-asset strategies, and retirement solutions. This continued collaboration aims to support Principal's ambitions while providing top-tier investor services.
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