Broadridge Acquires iJoin to Enhance Retirement Plan Technology Solutions

Broadridge Financial Solutions Inc. (NYSE:BR) is one of the best IT stocks to invest in according to hedge funds. On September 9, Broadridge Financial Solutions announced the acquisition of iJoin. iJoin is a retirement plan technology provider that specializes in solutions for participants' onboarding, engagement, and analytics.

The acquisition is intended to combine Broadridge’s existing retirement plan servicing, custody, analytics, and participant communications solutions with iJoin’s technology. The new, combined capabilities will assist various providers in the retirement ecosystem, such as record keepers, financial advisors, asset managers, and insurers, in offering enhanced and more personalized tools for retirement plan participants.

Steve McCoy, CEO of iJoin, stated that the company’s mission has always been to help connect participants to personalized, goal-based solutions. He believes that partnering with Broadridge will allow them to “take that mission to the next level” due to Broadridge’s scale and established relationships. The transaction is not expected to have a material impact on Broadridge’s financial results.

Broadridge Financial Solutions Inc. (NYSE:BR) provides investor communications and technology-driven solutions for the financial services industry in the US and internationally.

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Disclosure: None. This article is originally published at Insider Monkey.