Why was SS&A formed?
SS&A was founded to address a perceived services gap in the investment management industry. The boom in wealth and the consolidation of major investment managers in the late-90’s resulted in a move up-market by full service wealth management firms in order to justify their investment in people and infrastructure. Clients whose portfolios fell short of the low to mid-eight digit portfolios required to justify such a level of service were pushed off to ‘management light’ subsidiaries and retail broker operations. SS&A was formed to combine the capability of a full service wealth manager with the structure of an efficient boutique firm in order to bring those types of services to clients who were falling through the cracks of the major institutions and who, we believe, are not receiving the level of performance and service that they should be receiving.
