Broadridge Financial Solutions has acquired M&O Systems, a provider of advisor compensation management solutions, for an undisclosed sum.

New York-based M&O will now be rebranded as Broadridge Advisor Compensation Solutions.

Broadridge expects the acquisition to expand its wealth offerings to include advisor compensation and incentive management, advisor commission portal, account opening and client books and records solutions.

M&O will also expand its DOL Fiduciary Rule solutions suite, which helps firms make investment recommendations, produce, distribute and disclose documents, and monitor compensation levels, Broadridge added.

Broadridge president, global technology and operations Charlie Marchesani said: "The acquisition of M&O adds best-in-class, back-office agnostic compensation management solutions to Broadridge's market-leading product set.

"As a result, Broadridge can now offer broker-dealers and wealth management firms a more complete suite of front- and back-office solutions ranging from advisor marketing and practice management capabilities to mission-critical brokerage investment platforms."

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.