Hubwise is a regulated investment platform serving a number of UK Financial Planning firms such as Fidelius, financial advisory firms and discretionary wealth managers and self-directed digital D2C propositions.

SS&C will purchase Staffordshire-based Hubwise in an all-cash transaction. 

The deal, expected to be completed next year, will add 58 employees serving 51 customers to SS&C in the UK. 

The acquisition is subject to regulatory approval.

SS&C says the takeover will provide it with the ability to scale up its presence in the UK and provide extra investment in digital services to target the UK advised retail market.

SS&C already has a presence in the asset management and discretionary wealth manager sectors in the UK. 

The deal to buy Hubwise will also boost SS&C's ability to help customers create automated and multi-asset, multi-currency and multi-wrapper strategies, SS&C says.

Bill Stone, chairman and CEO of Connecticut-based SS&C, said: “This acquisition brings significant value to our customers engaged in delivering first-class investment and advisory services to their investors.

"Adding Hubwise is a natural step for our successful existing partnership. In addition, the combination of SS&C and Hubwise will create a unique solution for the adviser and distributor community to better address increasing competitive and regulatory pressures."

Angus Macdonald, CEO at Hubwise, said: "We are thrilled to combine forces with SS&C because we have so many complementary strengths. We look forward to becoming a strategic component of the firm's wealth and adviser business in the region."

Hubwise Securities was founded in 2012 by a group of experienced financial services professionals. It has four core components; Technological Innovation, Multi-asset Execution, Investment Operations and Custody & Safeguarding of Assets.

SS&C is a global provider of services and software for the financial services and healthcare industries. It was founded in 1986 and is based in Windsor, Connecticut with offices around the world. It works with 18,000 financial services and healthcare organisations globally.