LAKE SUCCESS, N.Y.,
May 9, 2018 /PRNewswire/
-- Broadridge Financial Solutions, Inc. (NYSE: BR), a global
fintech leader, has completed the acquisition of FundAssist
Limited, a regulatory, marketing and sales solutions service
provider to the global investments industry. Based in
Dublin, Ireland, FundAssist is a
natural extension of Broadridge's governance and communications
business and brings a complete suite of capabilities to enable the
composition, management and distribution of digitized regulatory
and disclosure documents for global fund managers distributing in
Europe.
Using an advanced, flexible technology platform, FundAssist's
data-driven, end-to-end solution includes support for Key
Information Documents (UCITS KIID & PRIIPs KID), financial
disclosure statements, fact sheets, translation and document and
data dissemination.
"Broadridge is already a leading service provider for the North
American fund industry. The addition of FundAssist will
further extend those capabilities to the European fund market,
helping clients to get ahead of today's challenges to capitalize on
what's next," said Patricia Rosch,
head of Broadridge's international Investor Communication Solutions
business. "The FundAssist team brings an exceptional depth of
expertise and shares our commitment to client service excellence.
FundAssist's broad and tightly related product offerings are
well-positioned to continue to grow in a fragmented market, where
asset managers are increasingly migrating from legacy in-house or
third party systems and consolidating disparate point solutions
with a single vendor."
"Becoming part of Broadridge will enable FundAssist to
accelerate its market reach and enhance its client service
experience by tapping into Broadridge's scale and relationships as
a globally recognized fintech leader," said Jim O'Reilly, Managing Director,
FundAssist. "It is a privilege to be part of Broadridge's
international expansion strategy, and we look forward to helping a
growing number of global funds increase efficiency and transform
their compliance frameworks in response to new regulations in the
European markets."
Arma Partners acted as financial and strategic advisor to
FundAssist. Terms of the deal were not disclosed.
About Broadridge
Broadridge Financial Solutions, Inc. (NYSE:BR), a $4 billion global fintech leader, provides
investor communications and technology-driven solutions for
broker-dealers, banks, 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 50 percent of public companies and mutual funds
globally, and processes more than $5
trillion in fixed income and equity trades per day.
Broadridge employs approximately 10,000 full-time associates in 16
countries. For more information about Broadridge, please visit:
www.broadridge.com.
Investors:
W. Edings Thibault
Head of Investor Relations
+1 516-472-5129
edings.thibault@broadridge.com
Media:
Linda Namias
Corporate Communications
+1 631-254-7711
Linda.Namias@broadridge.com
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SOURCE Broadridge Financial Solutions, Inc.