SS&C Technologies Holdings, Inc. announced that LPL Financial Holdings, Inc. (Nasdaq: LPLA), a leading provider of investment and business strategies for financial advisors, has broadened its relationship with SS&C Technologies. LPL Financial (LPL), which uses SS&C's Brokerage Solutions, will leverage SS&C ALTSERVE™ to grow its alternatives business.

"LPL has launched LPL Alts Connect to enhance the overall alternative investment experience, broaden our available investment suite, and enhance education and awareness across our advisor base," said Cheri Belski, Executive Vice President and Head of Investment Management Solutions for LPL. "The integration with SS&C will help streamline back and middle-office functions and standardize data feeds, allowing for the custody of more alternative investment products at LPL and more efficient day-to-day processing."

LPL will be able to offer its advisor network a better client experience through:

• The ability to onboard and transfer more alternative investment positions to LPL custody
• Increased capacity to transfer positions in both taxable and tax-exempt registrations
• Expedited subscriptions, redemptions, transfers, distributions, capital call processing, and more
• Improved timeliness and accuracy of position valuations and reconciliation on LPL's platform and on account statements

"We are thrilled to expand our valued relationship with LPL Financial as they grow their alternatives business," said Nicole Greene, Head of Global Investor and Distribution Solutions, U.S. "SS&C has extensive experience creating solutions to address alternative investment processing, brokerage, and transfer agency needs. We look forward to expanding our partnership with LPL Financial to streamline these complex operations and elevate service as their business grows."