NEW YORK, July 1, 2019 /PRNewswire/ -- Broadridge Financial
Solutions, Inc. (NYSE:BR), a global Fintech leader and part of the
S&P 500® Index, has completed its previously announced
acquisition of retirement plan custody and trust assets from
TD Ameritrade Trust Company, a subsidiary of TD Ameritrade Holding
Corporation (Nasdaq: AMTD). The acquired assets stem from
relationships with independent third-party administrators and
record-keepers serving retirement plan advisors.
The acquisition continues the expansion of Broadridge's suite of
solutions for the growing qualified and non-qualified retirement
plan services market and the support it provides for third-party
administrators, financial advisors, record-keepers, banks, and
brokers. This additional capacity to provide directed trustee,
custody, mutual fund, and ETF trading services enables Broadridge
to meet an even greater variety of client needs, unlock new growth
opportunities and serve a broader set of retirement stakeholders.
Broadridge now services approximately $420
billion in assets under administration and over 118,000 plan
accounts in custody.
TD Ameritrade Institutional, a division of TD Ameritrade, Inc.
that provides custody and brokerage services to more than 7,000
independent registered investment advisors (RIAs), will continue
offering the TD Ameritrade Retirement Plan (TDARP), a solution
for RIAs that combines record-keeping, administration and other
plan services in one bundle. TD Ameritrade Institutional will
maintain its TDARP sales, service, and marketing teams, as well as
its vendor relationships with TDARP service providers. Broadridge
will provide sub-custody and trade processing services for the
TDARP program on an ongoing basis.
About Broadridge
Broadridge Financial Solutions, Inc. (NYSE: BR) a $4 billion global Fintech leader and a part of
the S&P 500® Index, is a leading provider of investor
communications and technology-driven solutions to banks,
broker-dealers, asset managers and corporate issuers globally.
Broadridge's investor communications, securities processing and
managed services solutions help clients reduce their capital
investments in operations infrastructure, allowing them to increase
their focus on core business activities. With over 50 years of
experience, Broadridge's infrastructure underpins proxy voting
services for over 50 percent of public companies and mutual funds
globally, and processes on average more than US $5 trillion in fixed income and equity trades per
day. Broadridge employs over 10,000 full-time associates in 18
countries.
For more information about Broadridge, please
visit www.broadridge.com.
Investors:
W. Edings Thibault
Head of Investor Relations
Broadridge Financial Solutions
+1 516-472-5129
edings.thibault@broadridge.com
Media:
Linda
Namias
Broadridge Financial Solutions
+1
631-254-7711
linda.namias@broadridge.com
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SOURCE Broadridge Financial Solutions, Inc.