Fintech company Broadridge Financial Solutions Inc. has completed its previously announced acquisition of Fi360 Inc., a Pittsburgh provider of fiduciary-focused software, data and analytics for financial advisers and intermediaries across the retirement and wealth ecosystem. The transaction provides Broadridge advisers with fiduciary tools for compliance requirements like the SEC’s Regulation Best Interest, and expands data and analytics capabilities for asset managers.
Fi360’s technology enables broker-dealers to automate compliance procedures and identify at-risk assets and helps investment professionals document investment processes and evaluate products.
Broadridge is a $4 billion global Fintech company that is part of the S&P 500® Index and employs over 11,000 full-time associates in 18 countries. The Long Island New York-headquartered company’s infrastructure underpins proxy voting services for over 50 percent of public companies and mutual funds globally, and processes on average more than $7 trillion in fixed income and equity securities trades per day.