Broadridge and Boring Money Collaborate to Deliver Consumer Duty Solution for Asset Managers, Financial Terms Undisclosed
Portfolio Pulse from Benzinga Newsdesk
Broadridge Financial Solutions, Inc. (NYSE:BR) has partnered with Boring Money to offer a solution for asset managers that integrates product analysis with consumer insights. This collaboration aims to help asset managers comply with the UK's Consumer Duty regulation. Financial terms of the deal were not disclosed.
January 11, 2024 | 8:13 am
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Broadridge Financial Solutions, Inc. is collaborating with Boring Money to provide a comprehensive solution for asset managers to meet the UK's Consumer Duty regulation.
The partnership with Boring Money positions Broadridge to potentially increase its market share in the regulatory compliance sector for asset managers. The new solution could be seen as a value-added service, likely to be well-received by the market, thus having a positive short-term impact on BR's stock price.
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