Global fintech firm Broadridge announced on Wednesday it has acquired FundAssist Limited, which is described as a regulatory, marketing and sales solutions service provider to the global investments industry. While sharing details about the acquisition, Patricia Rosch, Head of Broadridge’s international Investor Communication Solutions business, stated:
“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. 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.”
Jim O’Reilly, Managing Director of FundAssist, added:
“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. 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 notably acted as financial and strategic advisor to FundAssist. Terms of the deal were not disclosed.