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Broadridge acquires Irish firm FundAssist

BBR Staff Writer Published 10 May 2018

Broadridge Financial Solutions has acquired Ireland-based regulatory, marketing and sales solutions service provider, FundAssist, for an undisclosed sum.

Based in Dublin, FundAssist offers specialist support services focusing on financial reporting, key information documents (UCITS KIID & PRIIPs KID), factsheet, translation, data management, shareholders services support, as well as document and data dissemination.

The company also offers a range of practical solutions to resolve challenges faced by the industry within the product distribution and governance areas.

Its current services comprised of data gathering and mapping, automated processing, delivery of web solutions, translation and dissemination of information.

The acquisition will add Broadridge with a complete suite of capabilities to enable the composition, management and distribution of digitized regulatory and disclosure documents for global fund managers spreading in Europe.

For the deal, Arma Partners served as financial and strategic advisor to FundAssist.

Broadridge’s international investor communication solutions business head Patricia Rosch said: “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 managing director Jim O’Reilly said: “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.”

With over $4bn annual revenue, Broadridge offers investor communications and technology-driven solutions for broker-dealers, banks, mutual funds and corporate issuers across the globe.

Its investor communications, securities processing and managed services solutions will enable clients reduce their capital investments in operations infrastructure, helping to be more focused on core business activities.

The company, which has around 10,000 full-time associates in 16 countries, processes over$5 trillion in fixed income and equity trades per day.


Image: Broadridge has acquired regulatory, marketing and sales solutions service provider FundAssist. Photo: courtesy of PinkBlue / FreeDigitalPhotos.net.