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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) has been selected by Cecabank, a major Spanish custodian bank, to implement its automated global proxy voting solution, enhancing compliance with the new Shareholder Rights Directive (SRD II). This initiative aims to streamline shareholder involvement in corporate governance, ensuring transparency and efficient communication. The solution is already operational, supporting Cecabank's diverse client base with enhanced governance standards. Broadridge has successfully completed over 220 implementations of its SRD II solutions, indicating strong market demand.
Broadridge Financial Solutions, Inc. (NYSE: BR) announces the appointment of Germán Soto Sanchez as Senior Vice President of Corporate Strategy, succeeding Michael Tae, who transitions to Chief Transformation Officer. Soto Sanchez brings extensive experience from Cloud9 Technologies and JPMorgan Chase, focusing on enhancing Broadridge's strategic vision and growth initiatives. CEO Tim Gokey emphasizes Soto Sanchez's innovative leadership as crucial to navigating the evolving financial industry landscape. Broadridge, a $4.5 billion global Fintech leader, is well-positioned to partner with firms for transformative technology solutions.
Broadridge Financial Solutions, Inc. (NYSE: BR) will release its fiscal second quarter and six-month results for 2021 on February 2, 2021. The company plans to hold a webcast and conference call at 8:30 a.m. ET, featuring CEO Tim Gokey and CFO Edmund Reese. Investors can access the live event on Broadridge's Investor Relations website or via phone. Broadridge, a $4.5 billion global Fintech leader, provides investor communications and processes $10 trillion in trades daily, serving over 50% of public companies globally.
Broadridge Financial Solutions (NYSE: BR) has partnered with AI company Fligoo to develop predictive analytics software tailored for the wealth management sector. This collaboration aims to enhance client engagement by leveraging data to anticipate investor needs, fostering hyper-personalization and improving overall satisfaction. The initial product will enable financial advisors to optimize their services, creating a scalable end-to-end practice management solution. Broadridge's investment in AI, blockchain, and digital solutions aligns with their commitment to driving innovation in financial services.
Broadridge Financial Solutions (NYSE: BR) has launched the Broadridge Proxy Policies & Insights (PPI) Data, a pioneering platform offering an open data-feed of proxy voting data and analytics. Leveraging Amazon Web Services, it provides over 5 million data points from more than 85,000 meetings. The platform aims to enhance the proxy voting experience for broker-dealers and investors by automating data extraction and facilitating personalized notifications. Notably, the service is available for free to regulators, academics, and non-profits.
Broadridge Financial Solutions (NYSE: BR) has partnered with SLIB to create a cross-border proxy voting solution for compliance with the Shareholder Rights Directive II (SRD II). This automated service is designed for French intermediaries, streamlining the voting process for European shareholder meetings. The collaboration aims to enhance efficiencies in vote processing and meet regulatory obligations, with the solution expected to be available ahead of the 2021 proxy season. Broadridge has seen significant demand for its SRD II solution, completing over 100 client implementations thus far.
Broadridge Financial Solutions (NYSE: BR) has appointed Art Certosimo as Chairman of the Board for LTX, a company focused on AI-driven digital trading platforms for corporate bonds. Certosimo, with over 35 years of experience in banking and capital markets, aims to enhance liquidity and efficiency in the corporate bond market. He will work alongside LTX's new CEO, Jim Toffey, and former Chairman, Vijay Mayadas, who transitions to Vice Chairman. Broadridge, a $4.5 billion global Fintech leader, processes over $10 trillion in securities trades daily.
Broadridge Financial Solutions (NYSE: BR) held its virtual 2020 Investor Day on December 10, outlining its growth strategy for FY2020-2023. The company aims for organic recurring revenue growth of 5-7%, total recurring revenue growth of 7-9%, and adjusted EPS growth of 8-12%. It reaffirmed its FY2021 guidance of 3-6% recurring revenue growth and 6-10% adjusted EPS growth. Broadridge, a leading Fintech with a $4.5 billion market cap, supports governance and investing sectors and processes about $10 trillion in securities trades daily.
Broadridge Financial Solutions (NYSE:BR) has partnered with BEC, a Danish fintech firm, to implement its comprehensive solution for the Shareholder Rights Directive II (SRD II). BEC is now utilizing Broadridge's end-to-end solution for global proxy management and shareholder disclosure across its network of 26 banks in Denmark. This partnership aims to streamline compliance services and enhance communication for retail shareholders. Broadridge's expertise in regulatory compliance positions it as a leading provider for the evolving needs of the financial services sector.
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