Broadridge Acquires M&O Systems, Expanding Regulatory Solutions Capabilities

Broadridge Financial Solutions, Inc. (NYSE:BR), a provider of investor communications and technology-driven solutions for broker-dealers, banks, and mutual funds, has acquired M&O Systems, Inc., helping expand its wealth management and U.S. Department of Labor (DOL) Fiduciary Rule Compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term capabilities, per a Broadridge statement.

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The Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term follows one day after the group initiated a new product suite that featured a bevy of technologically driven solutions for investors to better support regulatory challenges. One of the impetuses behind the deal was the upcoming U.S. Department of Labor (DOL) Conflict of Interest Rule. Under this upcoming legislation, the DOL rule will serve as one of the largest regulatory events facing the financial industry in recent years.

M&O Systems, Inc. is a provider of advisor compensation management solutions that assists broker-dealers and wealth management firms in supporting advisors and growing their businesses. Per the acquisition, Broadridge will also be augmenting its wealth offerings to include advisor compensation and incentive management, advisor commission portal, account opening and client books, and records solutions.

As such, the extended solutions suite will also look to promote an integrated approach to compensation across asset classes, ultimately facilitating commission-based, asset-based and other helpful compliant compensation approaches. For its part, M&O Systems' technology infrastructure and solutions will also broaden Broadridge's suite of DOL Fiduciary Rule solutions.

According to Charlie Marchesani, President, Global Technology and Operations at Broadridge, in a recent statement on the acquisition: "The acquisition of M&O adds best-in-class, back-office agnostic compensation management solutions to Broadridge's market-leading product set. 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," he added