The Trade’s parent company Strategic Insight has acquired US retirement plan, sales and distribution data specialist BrightScope.
The deal will broaden Strategic Insight’s range of proprietary data, insights and business intelligence services for the US retirement market.
BrightScope was founded in 2008 in San Diego by Mike and Ryan Alfred and enables retirement-focused asset managers to identify, target and retain clients through innovative technology solutions and its expertise in data management.
Its products are delivered through cloud-based software and its data enables better decision-making for asset managers, individual investors, corporate plan sponsors and financial advisers. BrightScope’s flagship software platform, Beacon, delivers proprietary datasets, data management and analytics.
Joel Mandelbaum, CEO of Strategic Insight, said: “This acquisition expands Strategic Insight’s data offering and research and development capacity. BrightScope is well known for its unique retirement data and its technology innovation. We are excited by the opportunity to add retirement data to our portfolio and accelerate our commitment to the asset management community.”
BrightScope co-founder, Mike Alfred, added: “We are thrilled to join the Strategic Insight team. The financial services industry is going through tremendous change and we believe this combination will give us the platform and products to meet the evolving needs of our customers.”