Broadridge acquires FundAssist to expand communications capabilities

Extending governance and communications business to Europe

BROADRIDGE Financial Solutions Inc, a global fintech leader, has completed the acquisition of FundAssist Limited, a regulatory, marketing and sales solutions service provider to the investments industry. It extends its existing governance and communications business to European markets. Based in Dublin, FundAssist is an 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.

FundAssist's data-driven, end-to-end solution includes support for key information documents (UCITS KIID, PRIIPs KID), financial disclosure statements, fact sheets, translation plus 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. Terms of the deal were not disclosed.