NEW YORK, Sept. 3, 2019 /PRNewswire/ -- Broadridge
Financial Solutions, Inc. (NYSE: BR), a global Fintech leader and
part of the S&P 500® Index, today announced that it has
acquired Financial Database Services, a trusted provider of
compensation management, compliance and advisor onboarding
solutions for the wealth management industry. The acquisition
expands Broadridge's current market leading advisor compensation
management capabilities and underscores its commitment to bringing
value-added technology solutions to the wealth management
industry.
"The acquisition of Financial Database Services is the latest
example of Broadridge expanding our wealth capabilities and growing
our client base," said Michael
Alexander, head of North American Wealth and Capital Markets
Solutions for Broadridge. "Compensation management and compliance
are key industry areas in need of transformation, and we look
forward to extending our industry leading capabilities."
Financial Database Services, the developer of the CAESAR suite
of products, provides a modular suite of compensation and
compliance tools to the marketplace, including advisor onboarding
and analytics solutions. With the SEC's recently adopted Regulation
Best Interest rule, the solutions strengthen Broadridge's position
to help clients with adoption and compliance.
"We are excited to become part of industry leader Broadridge and
to work together to continue to bring innovative solutions to a
greater number of clients," said David
Woltman, President of Financial Database Services.
Terms of the deal were not disclosed.
About Broadridge
Broadridge Financial Solutions, Inc. (NYSE: BR) a $4 billion global Fintech leader and a member of
the S&P 500, is a leading provider of investor communications
and technology-driven solutions to banks, broker-dealers, asset and
wealth 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 11,000 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:
Tina Wadhwa
Broadridge Financial Solutions
+1 212-973-6164
tina.wadhwa@broadridge.com
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SOURCE Broadridge Financial Solutions, Inc.