$228B in cash pools: why Allspring is handing SS&C the keys
SS&C Technologies Holdings, Inc. has expanded its transfer agency relationship with Allspring Global Investments to include investor servicing for Allspring’s Institutional Liquidity business, which manages $228 billion across five money market funds. This extension builds on existing services provided by SS&C, encompassing digital investor servicing and accounting. The expanded agreement will also see SS&C manage regulatory compliance for Blue Sky state securities laws and support distribution for Allspring's Institutional Liquidity portfolio, aiming to streamline operations and enhance investor engagement.
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