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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) announced the acquisition of Alpha Omega, a leading FIX-based post-trade solutions provider, enhancing its NYFIX connectivity. This strategic acquisition consolidates Alpha Omega's solutions to better automate trade matching processes for buy-side and sell-side firms. Broadridge aims to transform post-trade technology, allowing same-day trade affirmation through NYFIX Matching, which connects over 100 brokers. With revenues exceeding $4.5 billion, Broadridge continues to innovate in the financial technology sector.
RBC Wealth Management-U.S. has partnered with Broadridge Financial Solutions to implement the Broadridge Wealth Management Platform, enhancing its digital transformation goals. This multi-year agreement aims to boost advisor productivity and improve the client experience through modern technology. The platform offers advanced features, including performance reporting and asset servicing. Broadridge, a key Fintech player with over $4.5 billion in revenues, will support RBCWM's strategy to modernize its services and integrate other Fintech solutions, further solidifying its competitive market position.
Broadridge Financial Solutions (NYSE: BR) announced a collaboration with Snowflake to enhance its asset management data solutions. This partnership aims to streamline data consolidation and analysis for trading and portfolio management in a cloud environment. The integration will allow Broadridge clients to efficiently access data from numerous sources, improving decision-making capabilities. With over $4.5 billion in revenues, Broadridge continues to solidify its position as a technology leader in the financial sector, addressing the challenges of data aggregation faced by asset managers.
On July 20, 2021, CACEIS Bank S.A. selected Broadridge Financial Solutions (NYSE:BR) to provide advanced solutions for compliance with the updated Shareholder Rights Directive (SRD II). CACEIS is now live on Broadridge's Global Proxy Voting platform and Shareholder Disclosure Hub, enhancing governance and transparency in voting and disclosure across European markets. Broadridge has implemented over 300 client solutions for SRD II globally. This partnership aims to improve shareholder engagement and communication standards between issuers and investors.
Broadridge Financial Solutions (NYSE: BR) will release its financial results for the fourth quarter and fiscal year ending June 30, 2021, on August 12, 2021. A conference call and webcast will be held at 8:30 a.m. ET to discuss these results, featuring CEO Tim Gokey and CFO Edmund Reese. Broadridge, a global Fintech leader with revenues exceeding $4.5 billion, provides essential infrastructure for investing and corporate governance, facilitating the daily trading of over $10 trillion in securities globally. The company is part of the S&P 500 Index, employing over 12,000 associates worldwide.
On July 19, 2021, Broadridge Financial Solutions (NYSE: BR) announced a partnership with OpenFin to enhance its trading and portfolio management solutions. This collaboration aims to improve the productivity and efficiency of asset managers by providing a customizable digital workspace. The new solution features componentized apps and intuitive workflows, allowing users to manage their desktops more effectively. Broadridge's technology underpins over $10 trillion in daily trading, signaling a significant enhancement in their service offerings.
Broadridge Financial Solutions (NYSE: BR) announced the appointment of Keir Gumbs as Chief Legal Officer, effective July 27, 2021. Gumbs will succeed Adam Amsterdam, who is retiring after nearly 30 years with the company. With a strong background in corporate governance from his roles at Covington & Burling LLP and Uber Technologies, Gumbs is expected to enhance Broadridge’s legal and compliance strategies. The company generated over $4.5 billion in revenue, providing essential infrastructure for financial markets.
Broadridge Financial Solutions (NYSE: BR) has partnered with TIFIN to integrate and distribute a range of fintech wealth management solutions aimed at enhancing client personalization for financial advisors. This follows Broadridge's strategic investment in TIFIN announced in April 2021. Key offerings include the Positivly platform, which tailors financial proposals and portfolios, promoting accelerated growth for advisors. Broadridge's robust technology infrastructure enhances service delivery and client engagement, ultimately driving better financial outcomes.
Broadridge Financial Solutions (NYSE: BR) has expanded its post-trade processing relationship with China Renaissance to enhance the clearing and settlement of Shenzhen and Shanghai-listed equities. This collaboration builds on previous solutions since March 2020 and includes processing for Hong Kong-listed equities since 2016. Both firms will prepare for upcoming market and regulatory changes, including HKEX’s Synapse program. Broadridge's robust solutions aim to facilitate efficiency in China Renaissance operations, supporting their growth as they navigate changes in the market.
Broadridge Financial Solutions (NYSE: BR) announced the acquisition of Execution Compliance and Surveillance Service (ECS) assets from Jordan & Jordan, enhancing its regulatory compliance capabilities for broker-dealers. This strategic acquisition aims to streamline compliance with US regulations such as SEC Rules 605/606. The acquisition is expected to bolster Broadridge's consulting and reporting services, enabling broker-dealers to better meet regulatory demands and monitor compliance effectively. The transaction reflects Broadridge's commitment to expanding its capital markets offerings, reinforcing its position as a Fintech leader.
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