Broadridge buys data and intelligence firm Spence Johnson
Broadridge Financial Solutions will acquire Spence Johnson, a provider of institutional data and intelligence, for its asset management market ambitions.
With the purchase, Broadridge says its Global Market Intelligence, a platform for retail cross-border fund data and analytics, will be able to use Spence Johnson’s Money in Motion dataset that provides analytics on assets, flows and sales.
Dan Cwenar, president of Broadridge’s data and analytics business, says this will help asset managers “identify growth opportunities – providing them with broad data and analytics for both retail and institutional channels globally”.
According to Broadridge, its 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. It employs 10,000 full-time staff in 16 countries.
Spence Johnson has offices in London, Singapore and Boston. Its Money in Motion dataset has over 100 institutional asset manager members and tracks over $7 trillion in addressable institutional flows.