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Stock impact report

Broadridge to Acquire a Leading Provider of Canadian Wealth Management Technology

Broadridge Financial Solutions, Inc. (BR) 
Last broadridge financial solutions, inc. earnings: 1/31 07:00 am Check Earnings Report
US:NYSE Investor Relations: broadridge-ir.com
Company Research Source: PR Newswire
NEW YORK, May 21, 2019 /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE: BR), a global Fintech leader and part of the S&P 500® Index, today announced that it has entered into a purchase agreement to acquire RPM Technologies, a leading Canadian provider of enterprise wealth management software solutions and services for approximately $300 million USD. RPM's technology platforms today support over 15 million customer accounts. Building on Broadridge's strong Canadian Wealth Management business, the acquisition will bring important new capabilities and next-generation technology to both RPM's and Broadridge's clients.  "The addition of RPM Technologies broadens and deepens our wealth management product offering in Canada," said Tom Carey, President of Global Technology and Operations at Broadridge. "We are very pleased to add RPM's state-of-the-art platforms and blue-chip client roster. This investment underscores our commitment to bring value-added technology solutions to the Show less Read more
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