SS&C Technologies (SSNC) said Wednesday that Robinhood Markets (HOOD) has joined its RolloverCentral platform to provide IRA retirement accounts.
The SS&C RolloverCentral platform will now link account systems from Robinhood and other IRA providers with processing platforms operated by third-party administrators to provide IRA participants with an easy-to-use and secure way to roll-over their accounts from one administrator to another without paper check delays, SS&C said.
IRA providers can also easily capture rollover dollars and maximize opportunities for IRA investors by providing access to rollover services at the plan level, the company said.
SSNC shares were flat while HOOD shares were down 0.6% in recent trading.
Price: 80.92, Change: -0.03, Percent Change: -0.04
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