LAKE SUCCESS, N.Y.,
Jan. 2, 2018 /PRNewswire/
-- Broadridge Financial Solutions, Inc. (NYSE: BR) has
completed its acquisition of Morningstar, Inc.'s 15(c) board
consulting services business. The acquisition strengthens
Broadridge's ability to offer the most complete source for
independent, verifiable data that mutual fund boards of directors
rely on to fulfill their governance responsibilities. Terms were
not disclosed.
"This acquisition broadens the breadth and depth of the
data-driven solutions Broadridge provides to the investment
management industry and underscores our commitment to providing
innovative services to help clients get ahead of today's challenges
and capitalize on tomorrow's opportunities," said Dan Cwenar, Broadridge's head of buy-side data
and analytics.
Broadridge has offered 15(c) compliance solutions since its 2015
acquisition of Thomson Reuters' Fund Information Services business.
Morningstar's 15(c) data will be integrated into Broadridge's board
reporting system, providing clients the ability to benchmark funds
using both Morningstar and Lipper classification systems within
their reports and to leverage the expertise of the expanded
Broadridge 15(c) team.
About Broadridge
Broadridge Financial Solutions, Inc.
(NYSE: BR), a $4 billion global
fintech leader, provides investor communications and
technology-driven solutions to banks, broker-dealers, mutual funds
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 90 percent of public companies and mutual funds in
North America, and processes more
than $5 trillion in fixed income and
equity trades per day. Broadridge employs over 10,000 full time
associates in 16 countries. For more information about Broadridge,
please visit www.broadridge.com.
Forward-Looking Statements
This press release and
other written or oral statements made from time to time by
representatives of Broadridge Financial Solutions, Inc.
("Broadridge" or the "Company") may contain "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. Statements that are not historical in nature,
and which may be identified by the use of words such as "expects,"
"assumes," "projects," "anticipates," "estimates," "we believe,"
"could be" and other words of similar meaning, are forward-looking
statements. In particular, information about our future performance
objectives are forward-looking statements.
These statements are based on management's expectations and
assumptions and are subject to risks and uncertainties that may
cause actual results to differ materially from those expressed.
These risks and uncertainties include those risk factors discussed
in Part I, "Item 1A. Risk Factors" of our Annual Report on Form
10-K for the fiscal year ended June 30,
2017 (the "2017 Annual Report"), as they may be updated in
any future reports filed with the Securities and Exchange
Commission. All forward-looking statements speak only as of the
date of this presentation and are expressly qualified in their
entirety by reference to the factors discussed in the 2017 Annual
Report.
These risks include: the success of Broadridge in retaining and
selling additional services to its existing clients and in
obtaining new clients; Broadridge's reliance on a relatively small
number of clients, the continued financial health of those clients,
and the continued use by such clients of Broadridge's services with
favorable pricing terms; any material breach of Broadridge security
affecting its clients' customer information; changes in laws and
regulations affecting Broadridge's clients or the services provided
by Broadridge; declines in participation and activity in the
securities markets; the failure of Broadridge's outsourced data
center services provider to provide the anticipated levels of
service; a disaster or other significant slowdown or failure of
Broadridge's systems or error in the performance of Broadridge's
services; overall market and economic conditions and their impact
on the securities markets; Broadridge's failure to keep pace with
changes in technology and demands of its clients; Broadridge's
ability to attract and retain key personnel; the impact of new
acquisitions and divestitures; and competitive conditions.
Broadridge disclaims any obligation to update or revise
forward-looking statements that may be made to reflect events or
circumstances that arise after the date made or to reflect the
occurrence of unanticipated events, other than as required by
law.
Contact information:
Investors:
W. Edings Thibault
Investor Relations
+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.