Broadridge Financial Solutions acquired the wealth management platform Kyndryl
Securities Industry Services (SIS) platform to boost its presence in the
Canadian financial services sector. According to the company, the acquisition aims to
expand Broadridge’s portfolio by enhancing its services for wealth
management and capital markets.

Expanding Broadridge Services in Canada

this acquisition promises to bring Broadridge’s
investment in product innovation and industry-specific solutions to the
Canadian wealth market, building a foundation for streamlined operations and
accelerated growth.

Broadridge’s purchase of Kyndryl SIS represents a
calculated move to serve a broader range of Canadian financial services. The
acquisition builds on Broadridge’s intent to offer Canadian firms better
digital infrastructure that supports both simplification and forward-thinking
innovations.

This addition aligns with Broadridge’s broader
commitment to meet industry needs and help clients navigate a rapidly changing
market landscape. Through this acquisition, Broadridge intends to
channel more resources into product development specifically suited to the
Canadian wealth management space. This will reportedly be done by enhancing the SIS
platform’s capabilities.

Expect ongoing updates as this story evolves.