Broadridge Buys Access Data
Broadridge Financial Solutions has acquired Access Data. The acquisition expands Broadridge’s role as an investor communications hub, as well as its data aggregation and data management solutions for the mutual fund industry.
Access Data’s solutions provide enterprise-wide reporting and data management services to asset management firms and financial intermediaries using its technology platform, SalesVision. The platform will assist Broadridge’s clients by providing actionable information relating to distribution results, administering wholesaler compensation and distribution payments, and managing shareholder compliance from a single platform.
“Access Data’s technology adds a new dimension to our servicing capabilities and is the foundation of our strategy of offering innovative and comprehensive data solutions to the global financial services industry,” said Gerard Scavelli, president, mutual fund solutions, Broadridge. “Efficiently increasing assets under management and diminishing risk are paramount for firms to remain competitive in today’s marketplace. Our acquisition of Access Data enables Broadridge to offer our clients the superior data quality, transparency and oversight that is integral to their ongoing growth strategies.”