LAKE SUCCESS, New York – January 7, 2011 – Broadridge Financial Solutions, Inc. (NYSE:BR) today announced the closing of its acquisition of Matrix Financial Solutions, Inc., the leading independent provider of mutual fund processing solutions for the defined contribution market.
Matrix’s back-office, trust, custody, trading and mutual fund settlement services will be integrated into Broadridge’s solution suite as part of Broadridge’s strategy to strengthen its role as a provider of data processing and distribution channel solutions to the mutual fund industry. With the completion of the transaction today, Matrix and its subsidiaries will operate as part of Broadridge’s Investor Communication Solutions business as “Matrix Financial Solutions, a Broadridge Company.”