Broadridge Financial to buy fiduciary-focused software, data provider

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Broadridge Financial Solutions (NYSE:BR) will acquire Fi360, a provider of fiduciary-focused software, data and analytics for financial advisers and intermediaries in the retirement and wealth space.

Broadridge says the acquisition will enhance its existing retirement solutions by providing wealth and retirement advisers with fiduciary tools that complement its Matrix trust and trading platform.

Fi360 also provides accreditation and continuing education for the Accredited Investment Fiduciary Designation.

Terms of the deal, which is expected to close in November, weren’t disclosed.