Broadridge Financial Solutions acquired Investigo two weeks ago–I’m not sure how this one slipped under my radar. This is turning into an exciting month for portfolio management acquisitions. It really highlights the risk advisors take when they select a smaller startup vendor for technology/operations outsourcing.

A few years back, Investigo was the #1 stop for outsourcing portfolio management and reporting for advisors. I think they stumbled a bit with a botched rollout of their new version, but I haven’t heard anything new about them in the press for years. From the advisor side, I’ve heard slightly displeased rumblings but no specifics.

I know some of the Investigo crew and they’re good folks. I wish them well.