Atomos says the deal will mean it can offer its investment solutions to more investors through 'digitally-enabled' wrappers on Atomos invest. 

The SS&C Hubwise partnership will support Atomos' ambition to offer a wider proposition to the market, Atomos said. It wants to give more investors the benefits of a face-to-face service combined with modern digital tools.

Atomos was acquired by Oaktree Capital Management in May. Since then it has pursued a strategy to become a technology-led wealth manager. US fintech SS&C acquired UK investment platform Hubwise last year.

Niral Parekh, Atomos’ chief operating officer, said: "I believe that new age wealth management business models will focus on specialising in high quality insights and analytics that complement an adviser's ability to enhance service and value to the end-investor.

"As a firm, we want to transform every possible data point of the assets our clients invest with us into insights that deliver better service. Customising our own platform solution and wrapping it around a cloud-based data warehouse simply allows us to do that at scale.

"I am so proud of the teams at Atomos who have embraced the change and have worked tirelessly to help us get here. And credit to the team at SS&C Hubwise who have displayed the combined might of their businesses.

"As the wealth management industry prepares for the introduction of the Consumer Duty rules in 2023, our vision is simple: to lead the industry in delivering an exceptional client service and experience, enriching lives well beyond wealth. Our partnership with SS&C will help us make this vision a reality.” 

Nick Wright, CEO, global investor distribution solutions at SS&C, said: “We are very excited at the opportunity to partner with Atomos to significantly improve the adviser and investor experience.”