Broadridge Buys Lipper Fiduciary Services and Competitive Intelligence Unit
Acquisition will bost Broadridge's base among the mutual fund community.
Following the acquisition, Broadridge will integrate Lipper's global market intelligence for fund industry flows into its mutual fund and retirement products. Under the deal, Thomson Reuters Lipper has entered into a "long-term content and brand licensing services agreement" to provide Broadridge with data on investment product classifications, pricing, performance, benchmarking, product asset positions, and product flows, ensuring continuity of underlying content and methodology.
The deal will
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