Broadridge Expands Reach by Acquiring Leading Retirement Plan Technology Firm iJoin
In a significant move within the financial technology sector, Broadridge Financial Solutions, Inc., a prominent global fintech firm based in New York, has finalized the acquisition of iJoin, a leading provider of retirement plan technology. This strategic acquisition is poised to enhance Broadridge's capabilities in delivering superior retirement services and improving participant outcomes.
The retirement landscape is increasingly evolving, with a heightened demand for personalized retirement solutions. As Mike Tae, Broadridge’s Group President of Funds, Issuer, and Data-driven Solutions, articulated, the industry faces growing interest in lifetime income options and a convergence of retirement and wealth management. In this dynamic environment, advanced tools and technology have become essential for record keepers, plan advisors, asset managers, and insurers to enhance the onboarding experiences of plan participants.
Notably, iJoin has made a name for itself by offering innovative solutions focusing on participant onboarding, data aggregation, and personalized planning. With its robust analytics and engagement initiatives, iJoin has aimed to connect retirement plan participants to goal-based solutions tailored to individual needs. Steve McCoy, the CEO of iJoin, emphasized that the partnership with Broadridge aligns with their mission to make retirement planning more personal and effective.
Broadridge’s existing suite of retirement investment services, including communication solutions and analytics, will be significantly amplified by iJoin's capabilities. The integration of iJoin’s technology will enable a more holistic approach, allowing Broadridge to provide an enriched set of enrollment options alongside targeted data-driven insights to retirement providers.
Furthermore, iJoin’s tools aim to streamline participant enrollment into 401(k) plans. This will not only simplify the process for participants but also empower asset managers and insurers to deliver efficient managed accounts and education programs that are specifically designed for different participant demographics. This synergy represents a major advancement in how retirement services can be enhanced through innovative technology.
The acquisition is designed to create synergies that will help improve the end experience for retirement participants, enhance operational efficiency, and unlock growth opportunities across the retirement ecosystem. It reflects Broadridge’s commitment to facilitating better outcomes for investors and financial institutions alike.
Broadridge thrives in a sector characterized by its reliability and innovation, processing billions of communications annually and facilitating the trading of trillions in securities. With over 15,000 employees worldwide and operations across 21 countries, the firm continues to push boundaries in transforming how the financial services industry functions.
In conclusion, the acquisition of iJoin not only strengthens Broadridge's position in the market but also signifies a broader trend towards personalization in the retirement sector. As financial services continue to adapt to the requirements of modern investors, partnerships like these are indicative of the industry's future direction, focusing on making retirement planning more accessible and tailored to individual needs.
The retirement landscape is increasingly evolving, with a heightened demand for personalized retirement solutions. As Mike Tae, Broadridge’s Group President of Funds, Issuer, and Data-driven Solutions, articulated, the industry faces growing interest in lifetime income options and a convergence of retirement and wealth management. In this dynamic environment, advanced tools and technology have become essential for record keepers, plan advisors, asset managers, and insurers to enhance the onboarding experiences of plan participants.
Notably, iJoin has made a name for itself by offering innovative solutions focusing on participant onboarding, data aggregation, and personalized planning. With its robust analytics and engagement initiatives, iJoin has aimed to connect retirement plan participants to goal-based solutions tailored to individual needs. Steve McCoy, the CEO of iJoin, emphasized that the partnership with Broadridge aligns with their mission to make retirement planning more personal and effective.
Broadridge’s existing suite of retirement investment services, including communication solutions and analytics, will be significantly amplified by iJoin's capabilities. The integration of iJoin’s technology will enable a more holistic approach, allowing Broadridge to provide an enriched set of enrollment options alongside targeted data-driven insights to retirement providers.
Furthermore, iJoin’s tools aim to streamline participant enrollment into 401(k) plans. This will not only simplify the process for participants but also empower asset managers and insurers to deliver efficient managed accounts and education programs that are specifically designed for different participant demographics. This synergy represents a major advancement in how retirement services can be enhanced through innovative technology.
The acquisition is designed to create synergies that will help improve the end experience for retirement participants, enhance operational efficiency, and unlock growth opportunities across the retirement ecosystem. It reflects Broadridge’s commitment to facilitating better outcomes for investors and financial institutions alike.
Broadridge thrives in a sector characterized by its reliability and innovation, processing billions of communications annually and facilitating the trading of trillions in securities. With over 15,000 employees worldwide and operations across 21 countries, the firm continues to push boundaries in transforming how the financial services industry functions.
In conclusion, the acquisition of iJoin not only strengthens Broadridge's position in the market but also signifies a broader trend towards personalization in the retirement sector. As financial services continue to adapt to the requirements of modern investors, partnerships like these are indicative of the industry's future direction, focusing on making retirement planning more accessible and tailored to individual needs.
Topics Financial Services & Investing）
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