Welcome to our dedicated page for Broadridge Financial Solutions news (Ticker: BR), a resource for investors and traders seeking the latest updates and insights on Broadridge Financial Solutions stock.
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) 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.
Bayerische Landesbank (BayernLB) has selected Broadridge Financial Solutions, Inc. (NYSE:BR) to manage its regulatory trade reporting commitments. By adopting Broadridge's multi-asset class solution, BayernLB aims to streamline compliance with regulations such as SFTR, EMIR, MiFIR, and MMSR. This partnership will reduce operational costs and complexity while allowing BayernLB to focus on core activities. Broadridge's solution is designed to adapt to evolving reporting requirements, ensuring future compliance and efficiency gains for BayernLB.
Broadridge Financial Solutions (NYSE: BR) has appointed Ray Tierney as President of Itiviti, enhancing its Capital Markets business. Tierney brings 35 years of experience, having previously served as Global CEO of Trading Solutions at Bloomberg. He will manage growth in Broadridge's front-office OEMS and Connectivity solutions following the Itiviti acquisition. CEO Tim Gokey emphasized Tierney's role in expanding the firm's multi-asset class capabilities and driving global growth, while Itiviti's Rob Mackay transitions to Senior Advisor.
Broadridge Financial Solutions (NYSE: BR) launched its transformative distributed ledger repo (DLR) platform, enabling significant reductions in operational costs and risks for participants in the $10 trillion global bilateral repo market. In its first week, DLR achieved an average daily volume of $31 billion. The platform employs smart contracts and offers a secure record of trade details, enhancing liquidity and operational efficiencies. This innovation positions Broadridge as a key player in advancing digitization within the financial sector.
Broadridge Financial Solutions (NYSE: BR) announced the acquisition of AdvisorStream, enhancing its wealth management capabilities. This strategic move allows Broadridge to provide improved digital engagement and marketing solutions for advisors in the wealth and insurance sectors. AdvisorStream's platform, featuring content from major sources like The Wall Street Journal and Bloomberg, supports personalized client communications, thereby driving revenue growth for advisors. The acquisition strengthens Broadridge's position in a competitive market, responding to the increased demand for tailored client interactions post-2020.
Broadridge Financial Solutions (NYSE: BR) has appointed Melvin L. Flowers as an independent member of its Board of Directors as of June 8, 2021. With this addition, the board now comprises 11 members, 9 of whom are independent. Flowers, a seasoned finance executive with over 16 years at Microsoft, brings extensive experience in finance and technology. His previous roles include Corporate Vice President of Internal Audit and Senior Controller at Microsoft. Broadridge generated over $4.5 billion in revenue and maintains critical infrastructure for financial services globally.
Broadridge Financial Solutions (NYSE: BR) announced an enhancement to its Private Market Hub platform, utilizing Amazon Managed Blockchain to streamline private equity operations. This upgrade integrates existing industry tools and automates workflows across various functions, improving efficiency and reducing costs. The platform now supports independent auditor access and features an open API architecture. By leveraging distributed ledger technology, the updated Hub aims to facilitate better communication among fund managers, investors, and administrators, addressing previous challenges in the manual investment process.
Broadridge Financial Solutions (NYSE: BR) announced that CEO Tim Gokey will present at the J.P. Morgan 49th Annual Global Technology, Media and Communications Conference on May 25, 2021, at 3:40 PM. A live webcast of the presentation will be accessible via Broadridge's Investor Relations page.
Broadridge is a leading global Fintech firm with over $4.5 billion in revenue. It provides essential infrastructure that supports investing, corporate governance, and communications, processing around $10 trillion in daily trading across various securities.
FAQ
What is the current stock price of Broadridge Financial Solutions (BR)?
What is the market cap of Broadridge Financial Solutions (BR)?
What services does Broadridge Financial Solutions provide?
How does Broadridge support its clients?
What are the main segments of Broadridge?
What recent achievements has Broadridge reported?
Who are Broadridge's main clients?
What is Broadridge’s focus for future growth?
Where is Broadridge Financial Solutions headquartered?
How large is Broadridge's workforce?
Is Broadridge a publicly traded company?
How can I learn more about Broadridge?
