Broadridge has acquired FundAssist Limited in a bid to expand its regulatory communications capabilities for asset managers in Europe.
The Dublin-based firm provides Key Information Documents (UCITS KIID & PRIIPs KID), financial disclosure statements, fact sheets, translation and document and data dissemination.
“The addition of FundAssist will further extend those capabilities to the European fund market, helping clients to get ahead of today’s challenges to capitalise on what’s next,” said Patricia Rosch, head of Broadridge’s international Investor Communication Solutions business.
“FundAssist’s broad and tightly related product offerings are well-positioned to continue to grow in a fragmented market, where asset managers are increasingly migrating from legacy in-house or third-party systems and consolidating disparate point solutions with a single vendor.”
Broadridge said the acquisition is a “natural extension” of its governance and communications business and brings a suite of capabilities to enable the composition, management and distribution of digitized regulatory and disclosure documents for global fund managers distributing in Europe.
“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 recognised FinTech leader,” said Jim O’Reilly, managing director, FundAssist.
“We look forward to helping a growing number of global funds increase efficiency and transform their compliance frameworks in response to new regulations in the European markets.”