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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