New York-based Broadridge Financial Solutions, Inc.
has acquired Spence Johnson Limited
, combining Broadridge's global retail fund data and analytics solutions with Spence Johnson's institutional data, market intelligence and insight, providing retail and institutional data and analytics in a single source for the first time.
The organizations are not strangers. This acquisition follows Broadridge's and Spence Johnson's original partnership
last month, combining their global asset management data and intelligence platforms.
Spence Johnson's leadership will remain the same, and it will continue to be run by CEO Magnus Spence, Frank Polefrone,
senior vice president at Broadridge, tells MFWire
. Spence Johnson services over 100 clients who will become a part of Broadridge's client-base, and all 25 employees from Spence will become a part of Broadridge's team, Polefrone adds. Spence Johnson will be part of Broadridge's Access Data
Broadridge's global market intelligence solution analyzes over 82,000 mutual funds and ETFs globally. It will expand to include Spence Johnson's Money in Motion
product, which covers over $7 trillion of institutional flows.
"Combining Broadridge's and Spence Johnson's powerful data and analytics solutions will position Broadridge to provide our clients the ability to perform complete cross channel analysis, enabling unique geographic, market and product views," states Stephanie Clarke,
senior vice president of Broadridge's global market intelligence business. "The ability to measure and benchmark the market by geography, channel and product will be a significant advancement in asset management industry data, analytics and insight."
"Large asset managers will have a consolidated view. They won't have to stitch this information together themselves," says Polefrone. "We're excited. We feel like we're responding to client demand."
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