Broadridge completed the acquisition of FundsLibrary from Hargreaves Lansdown for $74m.

Broadridge Financial Solutions, a global fintech provider, completed the acquisition of FundsLibrary, a digital platform, providing clients with in-depth fund data, documents and regulatory reporting for the asset management industry, from Hargreaves Lansdown, a financial service company, for $74m. “Today, global fund managers face a real challenge in creating and disseminating compliant marketing and regulatory documents that meet domestic and cross-border requirements throughout the EU and UK. The acquisition is a natural extension of Broadridge’s regulatory communications business and the next step in creating a leading pan-European digital data platform, supporting the lifecycle of fund data, documents, and regulatory reporting for the investment industry,” Samir Pandiri, Broadridge International President.