Broadridge Financial Solutions has purchased QED Financial Systems, a privately-held investment accounting solutions provider.
QED offers software-based investment accounting solutions, data management and outsourced investment accounting services to over 40 institutional investors and asset managers who have more than $1.5 trillion in AuM.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Financial terms of the deal have not been disclosed.
The deal will complement the front and back office solutions that Broadridge provides to the asset management community including portfolio management, data and analytics, revenue and expense management, trade processing and shareholder communication solutions.
Established in 1987, QED Financial Systems is based in Marlton, New Jersey and has 47 associates.
Broadridge mutual fund and retirement solutions division president Michael Liberatore said: "Incorporating this expertise aligns with our strategy to provide best-of-breed solutions for the asset management space."
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataBroadridge head of revenue and expense management solutions Christopher John said: "We’re pleased to welcome the QED team to Broadridge. Investment accounting is a critically important core function for asset management firms, and the combined Broadridge and QED capabilities will provide a new level of efficiency and value for our clients and the industry."
