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LI's Broadridge creates mutual fund data tools

Richard Daly, chief executive of Broadridge Financial Solutions

Richard Daly, chief executive of Broadridge Financial Solutions Inc. (Nov. 6, 2009) Photo Credit: Newsday, 2009 / Maria Lopez

Broadridge Financial Solutions, a technology services company based in Lake Success, has teamed up with the investment firm Charles Schwab to create a new sales reporting and data analysis portal for the mutual funds industry.

The services will be made available to customers through Schwab's Mutual Fund OneSource and Mutual Fund Marketplace platforms.

"This portal will provide unprecedented access to fund asset, trading and sales information. The partnership also allows Broadridge to continue to showcase its best-in-class servicing capabilities in the mutual fund arena," the two companies said in a news release.

"This collaboration is a cutting-edge approach by two financial service leaders to benefit the mutual fund industry by providing solutions beyond standard data delivery," said Gerard Scavelli, president for mutual fund solutions at Broadridge.

Photo: Richard Daly, chief executive of Broadridge Financial Solutions Inc.

 

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