21 March 2018
visit www.nextgenbanking.co.uk

Broadridge acquires M&O Systems

04 November 2016  |  3151 views  |  0 Source: Broadridge

Broadridge Financial Solutions, Inc. (BR) has expanded its wealth management and U.S. Department of Labor (DOL) Fiduciary Rule compliance capabilities with the acquisition of M&O Systems, Inc., a leading provider of advisor compensation management solutions that help broker-dealers and wealth management firms support advisors and grow their businesses. Terms of the deal were not disclosed.

With this acquisition, Broadridge expands its wealth offerings to include advisor compensation and incentive management, advisor commission portal, account opening and client books and records solutions. These solutions offer an integrated approach to compensation across asset classes, including assets held-away, facilitating commission-based, asset-based and other innovative and compliant compensation approaches. M&O Systems' technology complements and extends Broadridge's suite of DOL Fiduciary Rule solutions, which support firms in making suitable investment recommendations, producing, distributing and disclosing documents, and monitoring compensation levels.

"The acquisition of M&O adds best-in-class, back-office agnostic compensation management solutions to Broadridge's market-leading product set," said Charlie Marchesani, President, Global Technology and Operations at Broadridge. "As a result, Broadridge can now offer broker-dealers and wealth management firms a more complete suite of front- and back-office solutions ranging from advisor marketing and practice management capabilities to mission-critical brokerage investment platforms."

"These capabilities complement Broadridge's overall DOL Fiduciary Rule strategy by allowing us to provide a timely solution to help facilitate clients' compliance with the Rule by calculating, monitoring, and reporting on compensation and tracking of Best Interest Contract Exceptions (BICE) and grandfathered accounts," Mr. Marchesani added.

"Broadridge's market-leading securities processing capabilities, operational expertise and commitment to serving its client base will enable us to bring greater value to our customers," said Sean Haggerty, Chief Executive Officer and Chief Financial Officer of M&O Systems, Inc. "I am excited about the opportunities this acquisition will bring for our team."

M&O Systems will be rebranded as Broadridge Advisor Compensation solutions.

Marlin & Associates acted as exclusive strategic and financial advisor to M&O Systems.

Comments: (0)

Comment on this story (membership required)

Related company news


Related company information

Broadridge Financial Solutions

Related blogs

Create a blog about this story (membership required)
Visit www.nextgenbanking.co.ukRegister your place todayVisit http://info.nice.com

Top topics

Most viewed Most shared
hands typing furiouslyBitcoin at 50,000 USD?
12819 views 0 | 5 tweets | 4 linkedin
Can banks be a threat to Big Tech?Can banks be a threat to Big Tech?
10675 views comments | 31 tweets | 40 linkedin
Indian fintech sector needs regulatory support to flourishIndian fintech sector needs regulatory sup...
10256 views comments | 10 tweets | 8 linkedin
BBVA tests 'invisible payments' technology at inhouse cafeBBVA tests 'invisible payments' technology...
9844 views comments | 13 tweets | 31 linkedin
RBS hatches plan to create digital challenger bankRBS hatches plan to create digital challen...
9718 views comments | 12 tweets | 23 linkedin

Featured job

Hong Kong, Asia-Pacific

Find your next job