FLX Networks Partners with Broadridge Data and Analytics to Help Power Distribution Solutions for Asset Managers

Rhea-AI Summary

On January 26, 2023, Broadridge Financial Solutions (NYSE: BR) announced a partnership with FLX Networks to enhance data and analytics services for asset management firms. This collaboration aims to simplify product offerings while mitigating risks associated with market entry. FLX will utilize Broadridge's advanced analytics to provide comprehensive market and product insights, enabling clients to improve distribution strategies and grow assets. Broadridge's robust infrastructure supports over $9 trillion in daily trading globally, and its solutions are crucial for financial transformation across various sectors.

Positive

• Partnership with FLX Networks enhances data-driven analytics for asset managers.
• Broadridge's analytics capabilities improve product strategy and targeted distribution.
• Collaboration expected to accelerate asset growth for clients.

Negative

• None.

NEW YORK, Jan. 26, 2023 /PRNewswire/ -- Amid an environment where asset management firms are increasingly collaborating with digital platforms to help efficiently launch new product offerings and de-risk entry into new markets, FLX Networks, which modernizes, simplifies, and drives engagement between asset managers and financial advisors, has partnered with global Fintech leader Broadridge Financial Solutions, Inc. (NYSE: BR) as a preferred data and analytics provider to asset management firms.

"Broadridge's analytics capabilities add powerful insights to guide targeted distribution and product strategies, allowing FLX to deliver a comprehensive data and analytics-enabled offering," said Brian Moran, FLX founder and CEO. "These powerful and efficient tools will help FLX support asset managers as they expand and grow."

Asset managers utilize FLX Networks to modularly implement a complementary turnkey distribution solution. Some leverage only data, digital, and technology capabilities, while others may require more hands-on engagement from personnel available through a shared client engagement team (wholesale, national accounts, and marketing). With each scenario, FLX will utilize Broadridge analytics and insights offerings to power the distribution services that FLX provides to asset managers. Broadridge's leading sales analytics, market analytics and Global Market Intelligence (GMI) products will also be available to clients on the FLX platform to provide market and product analysis to drive more efficient distribution strategies.

"Embedding Broadridge's data and analytics solutions into FLX's suite of distribution capabilities creates a powerful engine for asset managers to grow their assets, mutualize middle-office distribution costs, and defray fixed investments required to launch new strategies," said Dan Cwenar, head of Broadridge Data and Analytics. "FLX has demonstrated its ability to grow clients' assets, and we are excited to partner with FLX to support and accelerate that growth."

About Broadridge

Broadridge Financial Solutions (NYSE: BR), a global Fintech leader with more than $5 billion in revenues, provides the critical infrastructure that powers investing, corporate governance and communications to enable better financial lives. We deliver technology-driven solutions that drive business transformation for banks, broker-dealers, asset and wealth managers and public companies. Broadridge's infrastructure serves as a global communications hub enabling corporate governance by linking thousands of public companies and mutual funds to tens of millions of individual and institutional investors around the world. Our technology and operations platforms underpin the daily trading of more than U.S. $9 trillion of equities, fixed income and other securities globally. A certified Great Place to Work^®, Broadridge is part of the S&P 500^® Index, employing over 14,000 associates in 21 countries.

For more information about us and what we can do for you, please visit www.broadridge.com.

About FLX Networks

FLX Networks revolutionizes engagement for asset and wealth management firms and financial advisors. FLX community members access thought leadership, investment ideas, business resources, and industry connectivity in one centralized destination, delivering productivity, savings, and growth.

To learn more, please visit www.flxnetworks.com

Media Contacts:

For Broadridge:
Matthew Luongo
Prosek Partners
+1 646-818-9279
mluongo@prosek.com 

For FLX Networks:
Thomas Walek
Peaks Strategies
+ 1 917-353-7575
TWalek@PeaksStrategies.com

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SOURCE Broadridge Financial Solutions, Inc.