Robinhood Joins SS&C’s RolloverCentral as IRA Provider

SS&C Technologies Holdings has announced that Robinhood Markets, Inc. a financial has joined RolloverCentral as an IRA provider. SS&C’s RolloverCentral platform connects the account opening systems of IRA providers like Robinhood with the processing platforms of third-party administrators to create a rollover process for participants.

“We are pleased to join RolloverCentral as an IRA provider. Partnering with SS&C’s RolloverCentral allows us to seamlessly integrate into the greater retirement ecosystem, making it easier for our customers to consolidate and manage their retirement savings,” said Steve Quirk, chief brokerage officer at Robinhood. “SS&C’s simple IRA account opening process will help us reduce inefficiencies and support the influx of rollovers as our business grows.”

“We are excited to welcome Robinhood to the RolloverCentral platform,” said Larry McQuaid, chief revenue officer of SS&C Retirement Solutions. “As rollover IRAs continue to grow in popularity among investors, the market need for a simplified, technology-enabled rollover process is abundantly clear. By connecting leading IRA providers like Robinhood with recordkeepers, SS&C RolloverCentral lightens the burden on investors, advisors, recordkeepers, and providers. The integrated solution modernizes the current check-based process, helping participants more easily choose, open and fund the rollover IRA account to meet their investment needs.”