The acquisition is said to help Broadridge build a unified fund distribution network across Europe.
Securities operations, services, and systems provider Broadridge Financial Solutions describes European provider of cross-border fund distribution and regulatory services, Acolin, as a “natural fit,” after acquiring the firm earlier this month, pending regulatory approval.
Broadridge will add Zurich-based Acolin’s network of 350 clients and access to more than 3,000 distributors across 30-plus countries to its existing services, which track $110 trillion in assets under management (AUM).
The deal will increase the breadth of Broadridge’s global fund distribution, data, and regulatory service capabilities across Europe, in particular, expanding its regulatory and compliance service offerings, introducing new capabilities to support fund structuring, and delivering deeper distribution analytics.
Acolin provides asset managers with centralized access to European markets by connecting them to fund platforms and distributors, eliminating the need for managers to establish individual relationships with each platform or distributor themselves. The vendor also provides tools to manage distributor data, contractual agreements, commission tracking, fund registrations, legal representation, and regulatory compliance.
As broader industry efforts rev up to modernize distribution models, Broadridge officials say the acquisition will accelerate its current goal of building a unified fund distribution network across Europe.
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