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Stay informed about developments affecting Broadridge Financial Solutions, a financial technology company providing critical infrastructure to capital markets and the broader financial services industry. News coverage encompasses technology platform enhancements, client wins, regulatory developments, financial performance, strategic initiatives, and industry trends impacting investor communications, securities processing, and trading systems.
Broadridge operates essential technology infrastructure for proxy voting, shareholder communications, securities clearing and settlement, trading connectivity, and wealth management operations. News affecting the company may include announcements of new clients or contract renewals with major financial institutions, launches of new technology platforms or features, expansion into new markets or asset classes, acquisitions of complementary businesses, regulatory changes affecting proxy voting or securities processing, partnerships with industry participants or technology providers, and recognition for innovation or market leadership.
The company's business model relies on recurring revenue from transaction processing and technology services, making client relationships, regulatory environment, trading volumes, and technology adoption key factors in business performance. Industry developments such as changes to proxy rules, securities settlement cycles, trading protocols, or regulatory reporting requirements can significantly impact Broadridge's operations and growth opportunities. Follow news and analysis to understand how market trends, technological innovation, competitive dynamics, and regulatory evolution affect this financial technology infrastructure provider.
Broadridge Financial Solutions (NYSE:BR) reported a robust third quarter for fiscal 2022, with total revenues of $1.534 billion, up 10% year-over-year, and recurring revenues growing by 16% to $1.012 billion. Adjusted EPS rose 10% to $1.93, while diluted EPS increased by 6% to $1.49. Closed sales surged 42% year-to-date. Based on strong performance, the company raised its fiscal year 2022 Adjusted EPS growth guidance to 13-15%, up from 11-15%. Despite increased operating costs related to acquisitions, Broadridge remains well-positioned for continued growth.
Broadridge Financial Solutions (NYSE: BR) has formed a new Buy-Side Advisory Group for its AI-driven trading platform, LTX. Comprising senior credit traders from major firms including BlackRock and PIMCO, the group aims to enhance the platform's efficiency and liquidity in corporate bond trading. With over 50 asset managers and two dozen dealers onboard, LTX has facilitated over $4 billion in bonds offered since its inception. The Advisory Group will provide user-level insights for product development and improve buy-side execution workflows.
Broadridge Financial Solutions (NYSE: BR) will release its financial results for Q3 FY2022 on May 3, 2022. The company will host a conference call at 8:30 a.m. ET, featuring CEO Tim Gokey and CFO Edmund Reese. Investors can access the live webcast via Broadridge's Investor Relations website. A replay will be available until May 10, 2022. Broadridge, a leading Fintech with $5 billion in revenue, supports investing and corporate governance globally, facilitating the trading of over $9 trillion in securities. For further details, visit www.broadridge-ir.com.
Broadridge Financial Solutions (NYSE: BR) enhances its analytics capabilities by integrating AdvisorTarget's advisor intent data. This integration aims to improve asset managers' distribution strategies, enabling them to precisely target financial advisors with relevant messages. The addition of behavioral data supports digital engagement, helping asset managers to build stronger relationships with advisors. With $5 billion in revenues, Broadridge is a global fintech leader, facilitating efficient investment and governance processes.
Broadridge Financial Solutions (NYSE: BR) has introduced enhancements to its ProxyVote app, aimed at simplifying proxy voting for investors during the upcoming proxy season from April to June. The new features include one-click account linking, personalized alerts, a streamlined dashboard, and biometric sign-in options. This upgrade supports participation in corporate governance by facilitating voting for approximately 4,000 public companies and is part of Broadridge's commitment to empowering investors. The app will also address ESG proposals, focusing on climate change and diversity.
The Broadridge Fund Brand 50 study, released on March 28, 2022, ranks the best-performing global asset management brands based on fund selectors' perceptions. BlackRock emerged as the top brand globally, followed by JPMorgan AM and Fidelity. The study highlights the growing importance of ESG and thematic investments in asset management, with varying brand attributes prioritized by selectors across Europe, the U.S., and APAC. The research underscores that fund selectors value diverse strategies, from large firms to specialized managers.
Broadridge's LTX has successfully integrated its AI-driven digital trading platform with Charles River Investment Management Solution. This integration enhances order and execution management for Charles River users, providing improved price discovery and access to aggregated liquidity. Over 50 asset managers and two dozen dealers have joined the LTX platform, which has nearly $3 billion in bonds available. Broadridge, a leader in fintech, generates $5 billion in revenue and facilitates the trading of over $9 trillion in securities.
WealthSeed, a digital investing platform in Poland, has partnered with Broadridge Financial Solutions (NYSE: BR) to comply with the Shareholder Rights Directive (SRD II). Utilizing Broadridge's blockchain-based Shareholder Disclosure Hub, WealthSeed aims to enhance market transparency and reduce compliance costs. This collaboration aligns with Europe's data protection regulations, improving shareholder engagement and corporate governance. Broadridge, with revenues of $5 billion, supports over $9 trillion in daily transactions globally.
Broadridge Financial Solutions (NYSE: BR) has unveiled enhancements to its virtual shareholder meeting platform for 2022, aiming to boost investor participation and corporate governance. Key improvements include a user-friendly interface, advanced Q&A features, and interactive video capabilities. The platform simplifies voting, ensures shareholder identification, and reduces carbon emissions associated with traditional meetings. Broadridge hosted nearly 2,400 virtual meetings in 2021, underlining its leadership in this space. These changes are expected to enhance shareholder engagement and streamline corporate communication.
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