Congruent Solutions Partners with Broadridge
“Our connection with Broadridge ensures that our clients can now execute transactions efficiently and securely, with the confidence of working with a proven industry leader.”
Mahesh Natarajan
Congruent Solutions, a specialist technology partner to the U.S. retirement industry, announced a strategic partnership with Matrix Settlement & Clearance Services, LLC, a subsidiary of Broadridge Financial Solutions, Inc. and a provider of mutual fund trading and settlement solutions for customer accounts supported by recordkeepers, third-party administrators (TPAs), banks, trust companies, and registered investment advisors (RIAs).
As part of this collaboration, plan providers using Congruent’s CORE platform can now integrate with Broadridge’s trading and settlement solutions for retirement plan recordkeepers. This includes processing for mutual funds, ETFs, and CITs via Broadridge’s trust system CC360. The integration will automate key processes such as distributions and tax reporting—streamlining operational efficiency for defined contribution (DC) plans.
“At Congruent, we’re building more than a platform—we’re creating a marketplace that unlocks value across the retirement ecosystem,” said Mahesh Natarajan, chief revenue officer at Congruent Solutions. “Our connection with Broadridge ensures that our clients can now execute transactions efficiently and securely, with the confidence of working with a proven industry leader.”
“We are thrilled to collaborate with Congruent Solutions as they seek to power the next generation of retirement plan infrastructure,” said Joe Matarazzo, vice president and Interim GM of Broadridge Retirement and Workplace Solutions. “This integration helps further our mission of bringing speed, automation, and compliance to mutual fund trading for institutions serving the retirement space.”
