From Investing.com:

Broadridge Financial Solutions, Inc. is teaming up with Boring Money to offer asset managers a comprehensive solution to meet the UK’s Consumer Duty regulation requirements. By combining Broadridge’s analytical capabilities with Boring Money’s consumer data insights, the collaboration aims to provide a complete understanding of retail investors and fund performance.

The partnership integrates Broadridge’s value reporting, fee data, and consulting services with Boring Money’s demographic and perception data on end investors, giving asset managers a correlated view of fund distribution and regulatory adherence in the UK market.

Devin McCune, Vice President at Broadridge, stated that the collaboration aligns with their strategy to support asset managers with data-driven regulatory solutions. The combined offering will provide insights into end investors’ product awareness, usage, sentiment, and quantitative metrics.

Holly Mackay, CEO of Boring Money, emphasized the collaboration’s goal to provide a clear picture of both the customer and the products, delivering a solution that helps asset managers meet their requirements while protecting UK retail investors. Broadridge’s regulatory solutions cater to various global requirements, including those in the US and the UK, with support for upcoming Irish and European regulations.

Boring Money has been providing asset managers with insights into their end customers since 2015, helping to ensure products serve investors effectively and deliver fair value. A webinar is scheduled for February 14, 2024, to further discuss how this collaboration will enable a thorough Consumer Duty review. Registration for the webinar is now open.



Read more: Broadridge teams up with Boring Money for data insights By Investing.com