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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 the third quarter and nine months ended March 31, 2021, on May 4, 2021. A conference call will occur at 8:30 a.m. ET, featuring CEO Tim Gokey and CFO Edmund Reese. Broadridge generates over $4.5 billion in revenues, delivering technology-driven solutions to financial institutions. Their infrastructure links public companies and investors, underpinning daily trading of over $10 trillion in securities globally, emphasizing their crucial role in corporate governance and communications.
The RepTrak Company has appointed Chris Perry, President of Broadridge Financial Solutions (NYSE: BR), to its Board of Directors. Perry brings nearly 30 years of experience in sales, marketing, and mergers & acquisitions in the fintech sector. The CEO of RepTrak, Kylie Wright-Ford, stated that Perry's expertise will support the company's growth strategy in reputation management and ESG priorities. Perry also holds positions on various boards, including the Financial Services Institute and Make-A-Wish Foundation, indicating his commitment to community and industry leadership.
On March 29, 2021, Broadridge Financial Solutions (NYSE: BR) announced its acquisition of Itiviti Holding AB in an all-cash deal valued at €2.143 billion (approx. $2.5 billion). This strategic acquisition aims to enhance Broadridge's capital markets capabilities and expand its presence in the APAC and EMEA regions. Itiviti, a provider of trading technology, had generated approximately €210 million in recurring revenues in 2020. The acquisition is expected to be accretive to Broadridge's Adjusted EPS in the first full year and contribute significantly to recurring revenue growth through 2023.
RightCapital and Broadridge Financial Solutions have announced a partnership to enhance financial planning technology for enterprise-level clients. This collaboration combines RightCapital's innovative software with Broadridge's extensive expertise in wealth management. The partnership aims to offer a comprehensive solution tailored to large enterprises, improving advisor productivity and operational efficiency. Additionally, both firms will conduct educational webinars to optimize advisor performance and operations.
Broadridge Financial Solutions (NYSE: BR) has released a new report analyzing the early stages of compliance with the European Commission's Shareholder Rights Directive II (SRD II). Despite the directive's requirements taking effect in September 2020, many firms are still struggling to implement necessary processes. The report, based on over 350 client implementations, highlights the challenges faced by intermediaries, particularly those providing voting-related services. Broadridge emphasizes the importance of seeking experienced partners in navigating compliance complexities to avoid severe penalties.
Broadridge Financial Solutions (NYSE: BR) has teamed up with AccessFintech to launch a Strategic Gateway for Settlement Workflow, aimed at improving the resolution of multi-party settlement failures. This solution utilizes Broadridge's post-trade platforms combined with AccessFintech's cloud-based operations model, resulting in cost savings, reduced operational risk, and faster settlement resolutions. The partnership addresses inefficiencies in the current manual processes, ensuring compliance with Central Securities Depository Regulation (CSDR) requirements expected in February 2022.
Broadridge Financial Solutions, Inc. (NYSE: BR) has partnered with Q4 Inc. to enhance its Virtual Shareholder Meeting (VSM) platform, combining expertise from both firms. This upgrade introduces advanced features such as secure shareholder authentication, comprehensive meeting management tools, and improved Q&A functionality, aimed at boosting engagement during annual meetings. Broadridge, a leader in VSM technology, hosted nearly 2,000 meetings in 2020 alone and is recognized for reducing the carbon footprint associated with in-person meetings. The new platform will first launch in the U.S., with plans for future global rollout.
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