JEGI CLARITY Represents Thomson Reuters In Sale of Fiduciary Services And Competitive Intelligence Business To Broadridge

Deal Type:
  • B2B Information and Events
  • Software
  • Technology and Consulting Services

Broadridge Financial Solutions, Inc. (NYSE:BR) has completed its acquisition of the Fiduciary Services and Competitive Intelligence unit from Thomson Reuters’ (NYSE:TRI) Lipper division. The acquisition expands Broadridge’s leading enterprise data and analytics solutions for mutual fund manufacturers, ETF issuers, and fund administrators, adding new global data and research capabilities. Broadridge announced its agreement to acquire the business on May 21, 2015. Terms were not disclosed.

JEGI CLARITY (, the leading independent investment bank for the global media, information, marketing, software and tech-enabled services sectors, headquartered in New York, NY, advised Thomson Reuters.

As previously announced, Broadridge and Thomson Reuters Lipper also entered into a long term content and brand licensing services agreement, under which Thomson Reuters Lipper will provide Broadridge with data on investment product classifications, pricing, performance, benchmarking, product asset positions, and product flows, ensuring continuity of underlying content and methodology.

“Adding these solutions to our well established mutual fund and retirement business provides our clients and the industry with a comprehensive suite of compliance oversight, fee benchmarking and competitive intelligence solutions,” said Gerard F. Scavelli, president of Broadridge’s Mutual Funds and Retirement Solutions Group. “Broadridge remains committed to delivering quality service to help clients mitigate risks, meet their fiduciary responsibilities and enhance sales productivity. We welcome Thomson Reuters’ clients and associates to the Broadridge organization.”

All Thomson Reuters Fiduciary Services and Competitive Intelligence unit associates in Denver, Colorado; London, England; and Gdynia, Poland will join the Broadridge organization. The acquired capabilities will be integrated within Broadridge’s Mutual Fund and Retirement Solutions Group, expanding its existing Access Data suite of market intelligence solutions.

Lipper, a Thomson Reuters company, is a provider of independent research, global collective investment content and evaluation tools that enable investors and financial professionals to understand and communicate the value of investment products. For more information, visit

Broadridge Financial Solutions, Inc. (NYSE:BR) is the leading provider of investor communications and technology-driven solutions for broker-dealers, banks, mutual funds and corporate issuers globally. Broadridge’s investor communications, securities processing and business process outsourcing solutions help clients reduce their capital investments in operations infrastructure, allowing them to increase their focus on core business activities. With over 50 years of experience, Broadridge’s infrastructure underpins proxy voting services for over 90% of public companies and mutual funds in North America, and processes more than $5 trillion in fixed income and equity trades per day. Broadridge employs approximately 6,700 full-time associates in 14 countries. For more information, visit

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