Broadridge acquires ClearStructure
Broadridge Financial Services has acquired portfolio management firm ClearStructure Financial Technology.
Broadridge believes that the addition of ClearStructure will help it create “differentiated” solutions in the market and serve new clients.
“ClearStructure’s component services enhance our existing multi-asset class, front-to-back office solution.” says Erick Bernstein, Broadridge head of asset management solutions.
“This acquisition aligns to Broadridge’s strategy of providing a true cross-asset platform to enable asset management clients to have a single view into their entire book of business.”
ClearStructure CEO Scott Turley says that he is delighted that ClearStructure is joining Broadridge, adding that the deal means it can expand its portfolio management technology to “create optimum investment workflow efficiency for portfolio managers, investment analysts, risk professionals, and operations teams”.
Financial details of the deal were not disclosed by either party.