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Broadridge Financial Solutions Inc. (NYSE: BR) is a leading global provider of investor communications and technology-driven solutions for wealth management, asset management, and capital markets firms. Since its spin-off from ADP in 2007, Broadridge has been at the forefront of financial technology innovation, helping clients manage risk, achieve operational excellence, and drive growth.
Broadridge operates through two main segments: Investor Communication Solutions (ICS) and Global Technology and Operations (GTO). The ICS segment offers comprehensive solutions for proxy voting, regulatory communications, and shareholder engagement, while the GTO segment delivers advanced technology services and outsourcing solutions for trading, portfolio management, and back-office operations.
With over $6 billion in annual revenues and a presence in 21 countries, Broadridge's infrastructure supports the daily trading of more than $10 trillion of equities, fixed income, and other securities globally. The company serves a diverse clientele, including banks, broker-dealers, asset managers, wealth managers, and corporate issuers, providing the critical infrastructure needed to power investing, corporate governance, and communications.
Recent achievements highlight Broadridge's commitment to innovation and growth. The company has reported steady financial performance, including 6% organic recurring revenue growth for the second quarter of fiscal year 2024 and a reaffirmation of its annual guidance. Broadridge continues to enhance its product offerings, such as launching the Broadridge Investor Insights analytics platform to provide issuers with comprehensive investor and voting pattern data.
Broadridge also actively addresses key industry trends like the digitization of communications, mutualization of capabilities, and the evolving landscape of data and analytics. The company's strategic partnerships with financial institutions and corporate issuers worldwide further solidify its position as an industry leader.
Broadridge is a certified Great Place to Work®, employing over 14,000 associates dedicated to delivering unparalleled value to clients and fostering a culture of innovation. For more information about Broadridge and its solutions, visit their website.
Broadridge Financial Solutions (NYSE: BR) is set to release its financial results for Q2 FY 2023 on February 2, 2023, at 8:30 a.m. ET. The conference call will feature Tim Gokey, CEO, and Edmund Reese, CFO. Investors can access the live event via their Investor Relations website or join by dialing 1-877-328-2502 in the U.S. An on-demand replay will be available post-event until February 9, 2023, via both the website and designated phone numbers.
Broadridge is a leading global Fintech company with over $5 billion in annual revenues, providing essential infrastructure for financial communications and corporate governance.
Broadridge Financial Solutions (NYSE: BR) has extended its multi-year partnership with IG Wealth Management, part of IGM Financial, to enhance advisor productivity and client experiences through Broadridge's R.Broker solution. This extension follows a successful five-year collaboration, allowing IG to leverage Broadridge's comprehensive digital wealth platform, which offers streamlined operations and timely market access. The flexible, scalable solution aims to further IG's digital transformation, improving its investment solutions and customer service. Broadridge, with over $5 billion in revenue, underpins significant global trading activities, linking investors worldwide.
LiquidX, a global fintech leader, has unveiled its new business process outsourcing service, InBlock TradeOps, in collaboration with Broadridge Financial Solutions (NYSE: BR). This service offers a comprehensive solution for trade finance, aimed at streamlining middle and back-office operations. It promises to cut operational costs by 30-50% over the next decade, according to Broadridge's COO. The service utilizes advanced digitization tools, allowing investors to make smarter investment decisions while reducing operational challenges in the multi-trillion dollar credit asset class.
Broadridge Financial Solutions (NYSE: BR) announced a partnership with Glue42 to enhance user experience by providing an integrated trading interface. This collaboration enables a seamless workspace for banks and broker-dealers, allowing traders to access multiple Broadridge solutions through a single login. The integration, which is currently available in the UK, will soon launch in the EU and the US, aiming to improve the trading workflow and efficiency. Broadridge, with over $5 billion in revenues, continues to support major financial institutions globally.
The fourth annual financial advisor marketing survey by Broadridge Financial Solutions (NYSE: BR) reveals that while 63% of advisors are seeking new clients, only 43% see an increase in inbound requests. Market volatility and regulatory pressures challenge IBDs and RIAs. Advisors are increasing marketing spending, averaging $17,433 in 2022, but the percentage of revenue allocated to marketing has decreased to 3.1%. Only 28% have a defined marketing strategy. Those with one see better outcomes, onboarding 2x more clients. Social media lead conversion is up to 41% among those with strategies.
Broadridge Financial Solutions (NYSE: BR) and Strate have collaborated to enhance proxy voting efficiency in South Africa. This integration of digital vote processing solutions aims to increase shareholder engagement for both institutional and retail investors. The service provides operational efficiency throughout the proxy voting lifecycle, ensuring compliance with South African Companies Act. It allows timely notifications and a significantly extended voting window. This initiative is part of Broadridge's broader expansion of its Direct Market Solutions, which aims for enhanced voting transparency across global markets.
Broadridge Financial Solutions (NYSE: BR) has been named a Leader in the Everest Group's inaugural Wealth Management Products PEAK Matrix Assessment 2023. This recognition is based on criteria such as Market Impact and Vision and Capability, where Broadridge excelled in Vision and Strategy, Engagement and Commercial Model, and Support. The company is noted for its comprehensive wealth value chain coverage, strong partner ecosystem, and commitment to innovation through AI and API integrations. Broadridge serves the top 20 North American wealth providers, focusing on enhancing client experiences and adapting to market demands.
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