Broadridge Financial Solutions has finalized its acquisition of Wilmington Trust Retirement and Institutional Services, a unit of M&T Bank Corp., expanding the company's reach into the large-plan market.
Wilmington Trust will be folded into Matrix Financial Solutions, the institutional retirement business of Broadridge.
Matrix markets its TrueOpen platform to advisors and administrators of institutional retirement plans, offering access to over 25,000 mutual funds and exchange-traded funds, back-office support, plan-monitoring capabilities, and annual reports detailing plan metrics for sponsors.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
