SOURCE: BrightScope


February 10, 2016 09:00 ET

BrightScope Hires Rick Niedt, Broker-Dealer and Retail Data Processing Expert

Niedt Will Help BrightScope Advance Capabilities in Asset Management Distribution Data, Sales Reporting, and Analytics Across All Channels

SAN DIEGO, CA--(Marketwired - Feb 10, 2016) - BrightScope (, a provider of software, analytics, and data to the world's leading financial institutions, today announced that Rick Niedt has joined the company as EVP of Enterprise Product, reporting to President & COO Ryan Alfred. Mr. Niedt will be responsible for the continued build out of BrightScope Beacon, the leading cross-channel distribution software platform for the asset management industry.

"Rick's deep knowledge of asset management trade resolution and data analytics will be incredibly helpful as BrightScope continues its push to become the business intelligence and analytical leader of choice for distribution leaders and CIOs looking for a better way to collect, visualize and analyze their data," said Ryan Alfred, President & COO of BrightScope.

Niedt brings over 20 years of experience in the financial services industry, most recently serving as an Officer of Strategy and Product Development for Integrated Data and Analytics at DST Systems. In his prior role as an Officer in the Distribution Solutions group at DST Systems, he was responsible for product management, operations, and service delivery for the SalesConnect Enterprise product suite. Before joining DST in 2009, Rick was a vice president at Access Data, a subsidiary of Broadridge Financial, where he was responsible for product management and full service outsourcing in the Compliance line of SalesVision, an enterprise data warehouse product.

"I have watched BrightScope evolve into one of the most innovative companies in the distribution analytics marketplace," said Rick Niedt, EVP of Enterprise Product at BrightScope. "I am excited to bring my knowledge of the industry and its participants to help BrightScope deliver on their vision of creating a truly holistic view of asset management distribution."

BrightScope is a leader in cloud-based distribution data management across all major asset management distribution channels -- broker-dealer, RIA and DCIO. Leveraging a combination of channel data on advisors, investments and retirement plans, sales data processing capabilities and master data management software, BrightScope provides asset managers with a single version of truth and a 360-degree view of each client. In addition to its data management capabilities, BrightScope also powers NEXUS, the best-in-class wallet share solution for the DCIO and RIA channels.

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About BrightScope
BrightScope is a financial information company that brings transparency to opaque markets through high-value proprietary data and analytics. Delivered through cloud-based software, BrightScope data drives better decision-making for asset managers, individual investors, corporate plan sponsors, and financial advisors. BrightScope's flagship enterprise software platform -- Beacon -- provides a suite of proprietary datasets, data management capabilities and analytics to asset managers, recordkeepers, financial advisors, and other market participants.