Broadridge Financial Solutions Inc - BR STOCK NEWS

A new survey by the Money Management Institute (MMI) and Broadridge Financial Solutions (NYSE: BR) reveals that 74% of wealth managers are urging asset managers to increase their product specialist talent, up from 38% in 2023. This demand is driven by the rapid expansion of complex investment products like alternatives and active ETFs.

Key findings include:

• 60% of asset managers plan to invest in product specialists, focusing on alternative investments and private markets
• 85% of asset and wealth managers agree that younger generations require different products and service models
• 89% of wealth managers expect increased allocations to active ETFs and alternative investments
• 93% of asset and wealth managers allow some use of AI, with 79% currently leveraging it

The survey highlights a growing demand for innovative products and specialized expertise in the investment management industry, particularly in areas like direct/custom indexing and liquid fund wrappers for alternative investments.

Broadridge Financial Solutions (NYSE: BR) has launched enhanced services and solution capabilities for international post-trade processing to address increasing cyber threats and operational resilience mandates. The new offerings aim to help firms comply with the European Union's Digital Operational Resilience Act (DORA) and other global regulations.

Key features include:

• Professional services with specialized expertise to assess and validate risk and control frameworks
• High-availability recovery with back-up environments meeting regulatory requirements
• Enhanced recovery of entire system infrastructure using secure, immutable storage

These solutions are available to current users of Broadridge's International Post-Trade processing solution and the wider industry. The services are designed to mutualize costs through a shared services pricing model, enabling firms to improve business continuity and regulatory compliance.

Americas Executions (AmerX), a full-service broker-dealer, has implemented Broadridge Financial Solutions' Securities Finance and Collateral Management (SFCM) platform to support its newly launched securities lending business. The SFCM technology will enable AmerX to efficiently manage operations, enhance transparency, and ensure regulatory compliance.

Key benefits of the SFCM platform include:

• Efficient management of securities lending operations
• Collateral management
• Trade lifecycle management
• Risk assessment
• Streamlined processes

The implementation aligns with the evolving securities finance landscape, where firms are shifting to self-clearing models and introducing new products to diversify revenue streams. Broadridge's SFCM platform offers a comprehensive, front-to-back SaaS solution for securities finance, supporting business growth and expansion into new markets.

Broadridge Financial Solutions has gifted $3 million to establish an endowed deanship at the Donald and Barbara Zucker School of Medicine at Hofstra/Northwell. The endowment, named the Deborah and Lawrence Smith Dean, honors the school's founding dean and his late wife, supporting medical student scholarships. Dr. David L. Battinelli, current dean and Northwell Health's executive VP and physician-in-chief, is the inaugural recipient.

This gift aims to enable more students to graduate debt-free from the top-ranked medical school. Broadridge, a global technology leader, has been a consistent supporter of Hofstra University and the Zucker School of Medicine since 2011. The endowment will fund scholarships for incoming medical students starting with the class of 2025.

The Zucker School of Medicine, founded in 2008 through a partnership between Hofstra University and Northwell Health, has gained national recognition for its outcomes, faculty, research opportunities, and innovative approach to medical education. It was recently ranked among the top tier for medical research and recognized as one of the most diverse schools in the nation by U.S. News & World Report.

Broadridge Financial Solutions' ProxyPulse™ report reveals significant trends in corporate elections for 2024. Individual investor ownership reached a decade-high at 31.7% of shares held in street name, with voting participation increasing to 29.8%. Individuals showed stronger support for board recommendations compared to institutional investors.

The report highlights increased shareholder support for director and say-on-pay proposals, with directors receiving 91% approval and say-on-pay garnering 88% support. Notably, only 481 directors failed to win majority support, the lowest in four years.

However, environmental and social proposals saw declining support, averaging 21.2%, the lowest in eight years. A clear divergence in voting patterns emerged, with individuals supporting these proposals at 14.8% compared to institutions at 22.4%.

Broadridge Financial Solutions released its ProxyPulse™ report, revealing key trends in proxy voting for 2024. Individual investor ownership reached a decade-high at 31.7% of shares held in street name, with voting participation increasing to 29.8%. Individuals showed more support for board recommendations compared to institutional investors.

The report highlighted a rise in shareholder support for corporate directors (91% approval) and say-on-pay proposals (88% support). Only 481 directors failed to win majority support, the lowest in four years. However, environmental and social proposals saw declining support, averaging 21.2%, the lowest in eight years. A notable divergence was observed between individual (14.8%) and institutional (22.4%) investor support for these proposals.

The ProxyPulse™ report, analyzing voting trends over five proxy seasons, underscores the growing influence of individual investors in corporate governance and the evolving landscape of shareholder priorities.

Broadridge Financial Solutions announced that Skandinaviska Enskilda Banken AB (SEB) is now using Broadridge's international post-trade processing solution to streamline its securities business across global markets. This implementation extends SEB's existing use of Broadridge's front and middle office solutions, creating a unified front-to-back infrastructure.

The new system offers SEB increased simplification, improved workflow efficiency, real-time management controls, and enhanced ability to respond to market requirements and customer needs. Kristian Gårder, co-head of Equities at SEB, emphasized the importance of partnering with a technology leader to enable best-in-class global post-trade operations.

Danny Green, Head of International Post-Trade Solutions at Broadridge, highlighted the significance of post-trade efficiency in today's markets. He noted that SEB is now better positioned to address challenges such as shorter settlement periods, regulatory changes, and client service differentiation while optimizing cost/income ratios and reducing risk.

The College for Financial Planning®—a Kaplan Company has launched Accredited Investment Fiduciary® (AIF®) Training for financial professionals pursuing the AIF® designation. Fi360, a Broadridge Company, has named the College an official education provider for the AIF® exam training requirement. U.S. News & World Report ranks the AIF® designation as one of the best financial certifications.

The AIF® designation ensures that those managing or advising on investor assets understand fiduciary duties, standards of conduct, and the process for carrying out fiduciary responsibilities. The College's president, Dirk Pantone, emphasized their commitment to empowering students to make a difference in clients' lives and thrive in their careers through this training.

John Faustino, head of Broadridge's Fi360, expressed enthusiasm about the College becoming an official education provider, highlighting the AIF®'s credibility and relatively low time commitment as advantages for financial professionals.

Broadridge Financial Solutions (NYSE: BR) has been recognized as a leader in financial services for communications experience platforms and communications outsourcing in the 2024 Customer Communications Management (CCM) to Customer Experience Management (CXM) Aspire Leaderboard™. This marks the third consecutive year of recognition for Broadridge.

Highlights include:

• Overall leader for Service Providers in Communications Experience Platform
• Highest leader in Strategic Direction for Service Providers in CCM-CXM Communications Outsourcing

Broadridge's Wealth InFocus solution, built on the Broadridge Communications Cloud, was praised for its investor-focused approach, combining account information and regulatory communications. The company's commitment to digital innovation and client experience was emphasized, showcasing its dedication to providing impactful and efficient customer experiences through digital transformation.