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Press Release

Broadridge Completes Acquisition of TD Ameritrade Retirement Plan Custody and Trust Assets

NEW YORK, N.Y. – July 1, 2019 Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader and part of the S&P 500® Index, has completed its previously announced acquisition of retirement plan custody and trust assets from TD Ameritrade Trust Company, a subsidiary of TD Ameritrade Holding Corporation (Nasdaq: AMTD). The acquired assets stem from relationships with independent third-party administrators and record-keepers serving retirement plan advisors.

The acquisition continues the expansion of Broadridge’s suite of solutions for the growing qualified and non-qualified retirement plan services market and the support it provides for third-party administrators, financial advisors, record-keepers, banks, and brokers. This additional capacity to provide directed trustee, custody, mutual fund, and ETF trading services enables Broadridge to meet an even greater variety of client needs, unlock new growth opportunities and serve a broader set of retirement stakeholders. Broadridge now services approximately $420 billion in assets under administration and over 118,000 plan accounts in custody.

TD Ameritrade Institutional, a division of TD Ameritrade, Inc. that provides custody and brokerage services to more than 7,000 independent registered investment advisors (RIAs), will continue offering the TD Ameritrade Retirement Plan (TDARP), a solution for RIAs that combines record-keeping, administration and other plan services in one bundle. TD Ameritrade Institutional will maintain its TDARP sales, service, and marketing teams, as well as its vendor relationships with TDARP service providers. Broadridge will provide sub-custody and trade processing services for the TDARP program on an ongoing basis.

About Broadridge

Broadridge Financial Solutions, Inc. (NYSE: BR), a $4.5 billion global Fintech leader, is a leading provider of investor communications and technology-driven solutions to banks, broker-dealers, asset and wealth managers and corporate issuers. Broadridge's infrastructure underpins proxy voting services for over 50 percent of public companies and mutual funds globally, and processes on average more than U.S. $8 trillion in fixed income and equity securities trades per day. Broadridge is part of the S&P 500® Index and employs over 12,000 associates in 17 countries.

For more information about Broadridge, please visit www.broadridge.com

To contact media relations, please email us at mediarelations@broadridge.com.