TODAY'S PAPER
Clear 38° Good Afternoon
Clear 38° Good Afternoon
Business

Broadridge Financial announces alliance with British data firm

Broadridge Financial Solutions' printing and processing center in

Broadridge Financial Solutions' printing and processing center in Edgewood on Wednesday, May 9, 2012. Photo Credit: Newsday / Alejandra Villa

Broadridge Financial Solutions Inc. announced Monday that it has formed a “strategic alliance” with a British data company to provide information to investors.

The Lake Success-based distributor of annual reports, proxy statements and other financial documents to shareholders said its data division will work with Spence Johnson, a data company based in London.

Broadridge did not disclose the financial implications of the partnership.

But Dan Cwenar, president of Broadridge’s data and analytics division, said its clients would benefit from access to Broadridge’s data on 80,000 mutual funds and exchange-traded funds, and Spence Johnson’s data on $7 trillion in investments by pension funds and other institutions.

“This alliance . . . furthers Broadridge’s commitment to helping asset managers identify growth opportunities — providing them with broad data and analytics for both retail and institutional channels globally,” he said.

Spence Johnson managing director Nigel Birch said the agreement would help his company “continue our mission to put data and intelligence at the heart of successful asset management businesses.”

In addition to London, Spence Johnson has offices in Boston and Singapore.

Broadridge, one of Long Island’s largest public companies, reported a profit of $307 million for the year ended June 30 on revenue of $2.9 billion.

The company has about 2,000 workers locally at the corporate office in Lake Success and a processing operation in Edgewood.

Broadridge shares rose 26 cents, or less than 1 percent, to $74.50 on the New York Stock Exchange on Monday. They are up more than 17 percent in the past 12 months.

More news

Sorry to interrupt...

Your first 5 are free

Access to Newsday is free for Optimum customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE