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Monday, June 12, 2017

Broadridge Makes an Asset Management Data Alliance

Reported by Jennifer Qiao

Today Broadridge Financial Solutions, Inc. and Spence Johnson unveiled a partnership that will combine their data and intelligence platforms for the global asset management market. Broadridge's Global Market Intelligence and Spence Johnson's Money in Motion will bring together global retail and institutional data, benchmarking, and analytics.

"This alliance with Spence Johnson furthers Broadridge's commitment to helping asset managers identify growth opportunities — providing them with broad data and analytics for both retail and institutional channels globally," states Dan Cwenar, president of Broadridge's data and analytics business.

Broadridge's Global Market Intelligence delivers detailed information on 80,000 retail mutual funds and ETFs globally through its retail cross-border fund data and analytics platform while Spence Johnson's Money in Motion dataset tracks over $7 trillion in institutional flow and provides detailed analytics on institutional assets, flows, and sales. This strategic alliance will allow asset managers to analyze the global retail and institutional asset management data for the first time, says Joe LoBello, a spokesperson for Broadridge.

"We are very excited to form this alliance with Broadridge and continue our mission to put data and intelligence at the heart of successful asset management businesses," states Nigel Birch, managing director at Spence Johnson.  

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