Broadridge Financial Solutions, Inc. (NYSE:BR) has completed its acquisition of the Fiduciary Services and Competitive Intelligence unit from Thomson Reuters’ (NYSE: TRI) Lipper division. The acquisition expands Broadridge’s leading enterprise data and analytics solutions for mutual fund manufacturers, ETF issuers, and fund administrators, adding new global data and research capabilities. Broadridge announced its agreement to acquire the business on May 21, 2015. Terms were not disclosed.

As previously announced, Broadridge and Thomson Reuters Lipper also entered into a long term content and brand licensing services agreement under which Thomson Reuters Lipper will provide Broadridge with data on investment product classifications, pricing, performance, benchmarking, product asset positions, and product flows, ensuring continuity of underlying content and methodology.

“Adding these solutions to our well established mutual fund and retirement business provides our clients and the industry with a comprehensive suite of compliance oversight, fee benchmarking and competitive intelligence solutions,” said Gerard F. Scavelli, president of Broadridge’s Mutual Funds and Retirement Solutions Group. “Broadridge remains committed to delivering quality service to help clients mitigate risks, meet their fiduciary responsibilities and enhance sales productivity. We welcome Thomson Reuters’ clients and associates to the Broadridge organization.”

All Thomson Reuters Fiduciary Services and Competitive Intelligence unit associates in Denver, Colorado; London, England; and Gdynia, Poland will join the Broadridge organization. The acquired capabilities will be integrated within Broadridge’s Mutual Fund and Retirement Solutions Group, expanding its existing Access Data suite of market intelligence solutions.