Announced
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Synopsis
Broadridge, a public corporate services and financial technology company, completed the acquisition of AdvisorTarget, a company that provides asset management and wealth management firms with data products. Financial terms were not disclosed. "The ultimate end-state for asset managers distributing products through intermediaries has always been the seamless fusion of advisor intent and asset holdings. Not only will this acquisition turbo charge AdvisorTarget's next phase of growth and perfectly integrate with Broadridge's market-leading analytics offerings, but it will finally solve the advisor distribution riddle for our clients. Together, we look forward to creating new and exciting solutions to accelerate growth for asset and wealth managers," Duncan MacDonald-Korth, AdvisorTarget Founder.
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