Broadridge Financial Solutions has acquired Spence Johnson Limited, a provider of global institutional data and intelligence to the asset management industry.

The acquisition will combine Broadridge’s global retail fund data and analytics solutions with Spence Johnson’s institutional data and market intelligence, bringing together retail and institutional data and analytics in a single industry source.

“This acquisition is another step in Broadridge’s strategy to provide our asset management clients with leading data solutions and market intelligence on a global basis,” says Dan Cwenar, president, Broadridge Data and Analytics.

Broadridge’s Global Market Intelligence solution, which analyzes over 82,000 mutual funds and ETFs globally, will be expanded to include Spence Johnson’s Money in Motion product, which tracks over US$7 trillion of institutional flows.

Broadridge say that bringing together these two solutions on cross-border funds and institutional mandates will enable powerful analytics on assets and flows across the asset management industry, and that the expansion of capabilities in research and consultancy underscores their commitment to providing the industry with enhanced data and deeper insights.

“Combining Broadridge’s and Spence Johnson’s powerful data and analytics solutions will position Broadridge to provide our clients the ability to perform complete cross channel analysis, enabling unique geographic, market and product views,” says Stephanie Clarke, senior vice president of Broadridge’s Global Market Intelligence business. “The ability to measure and benchmark the market by geography, channel and product will be a significant advancement in asset management industry data, analytics and insight.”

“Our combined data and analytics will better enable us to provide our clients with the data and insights needed to identify growth opportunities,” says Magnus Spence, co-founder and CEO of Spence Johnson.