Broadridge Financial Solutions said it acquired Forefield, Inc., in an effort to expand its business in electronic communications with investors.

Forefield is a supplier to financial institutions and advisers of real-time sales, education, and client communication systems. The purchase price is $19.5 million.

Forefield's web-based technology enables financial advisors to deliver current and concise educational and marketing materials to their clients. Broadridge clients will get access to more than 3,000 pieces of financial planning content including articles and client presentations, monthly and weekly newsletters, time sensitive flash videos, seminars, and interactive calculators designed to help investors make informed decisions about their financial future. 

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