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Synopsis
Broadridge, a provider of investor communications and technology solutions for broker dealers, banks, mutual funds and corporate issuers, completed the acquisition of iJoin, a technology company specializing in personalized financial planning solutions. Financial terms were not disclosed. "With increasing demand for personalization, growing interest in lifetime income options, and the convergence of retirement and wealth management, there is a greater need for advanced tools and technology to enable record keepers, plan advisors, asset managers, and insurers to deliver plan participants better onboarding experiences, education and advice. There are strong synergies between iJoin's innovations in plan participant data aggregation and standardization, its managed account and income technologies, and Broadridge's retirement plan servicing capabilities. Together, the solutions will help providers across the retirement ecosystem deliver stronger participant outcomes, accelerate growth and enhance efficiency," Mike Tae, Broadridge Group President of Funds, Issuer, and Data-driven Solutions.
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