Broadridge acquires Financial Database Services


Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech firm and part of the S&P 500® Index, announced yesterday that it has completed the acquisition of Financial Database Services.

Financial Database Services provides compensation management, compliance and advisor onboarding solutions for the wealth management industry.

The acquisition of Financial Database Services is the latest example of Broadridge expanding our wealth capabilities and growing our client base,” said Michael Alexander, head of North American Wealth and Capital Markets Solutions for Broadridge. “Compensation management and compliance are key industry areas in need of transformation, and we look forward to extending our industry leading capabilities.

We are excited to become part of industry leader Broadridge and to work together to continue to bring innovative solutions to a greater number of clients,” commented David Woltman, President of Financial Database Services.

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