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Overview of Broadridge Financial Solutions Inc.
Broadridge Financial Solutions Inc. (BR) is a renowned global fintech company that powers investor communications and delivers technology-driven solutions across wealth management, asset management, and capital markets. Utilizing advanced digital technologies and robust operational platforms, the company enables financial institutions and corporate issuers to streamline processes, manage risk, and effectively engage with investors. As a trusted partner, Broadridge combines deep industry expertise with innovative technology to support complex trading environments and regulatory compliance.
Core Business and Services
At its core, Broadridge is dedicated to enhancing the way financial institutions communicate and operate. The company has two major segments: Investor Communication Solutions (ICS) and Global Technology & Operations (GTO). In the ICS segment, Broadridge offers comprehensive communication services including printing, digital delivery, and regulatory reporting to connect corporate issuers with millions of investors worldwide. Meanwhile, its GTO segment focuses on delivering scalable technology platforms that support trading, collateral management, and data analytics. These systems are engineered to optimize operations, ensuring efficiency and industry resilience.
Technology-Driven Innovation
Broadridge is at the forefront of integrating cutting-edge technologies within the financial services industry. Its platforms utilize advanced data analytics, distributed ledger technology, and SaaS solutions to facilitate the digitization of communications and trading infrastructures. This technological foundation not only reduces operational risk but also supports clients in navigating complex regulatory environments and evolving market requirements. The company’s modular and scalable solutions exemplify a commitment to operational excellence and continuous innovation.
Market Position and Competitive Landscape
As a stalwart in the fintech sector, Broadridge maintains a strong market presence among banks, broker-dealers, asset managers, and wealth management firms. Its extensive client base is a testament to the company’s ability to offer integrated and resilient technology solutions that address the nuanced challenges of modern financial markets. Broadridge differentiates itself by leveraging its unique vantage point—gained from working with both industry participants and regulators—to offer insights and best practices that drive industry trends and foster operational efficiencies.
Operational Excellence and Risk Management
An essential component of Broadridge’s value proposition is its focus on operational resilience. The company provides mission-critical infrastructure that supports high-volume trading and caters to stringent compliance requirements. Through its sophisticated technology platforms, Broadridge helps clients optimize workflow, reduce implementation costs, and improve time-to-market. These capabilities are underpinned by a proven track record in risk management and regulatory reporting, ensuring that both investor communications and trading operations are executed with precision.
Client-Centric Approach and Global Reach
Broadridge is committed to delivering tailored solutions that meet the diverse needs of financial institutions worldwide. Its global footprint, coupled with deep local market expertise, enables the company to adapt to varying regulatory regimes and market dynamics. By fostering strong relationships with its clients, Broadridge not only supports business transformation initiatives but also contributes to the overall efficiency and security of financial markets globally.
Expert Insights and Industry Trends
Industry observers recognize Broadridge as a key source of insights into modern financial operations. With a focus on emerging trends such as the digitization of communications and the evolution of data analytics, the company provides strategic guidance that benefits a wide range of market participants. Its ongoing dedication to improving technological interoperability and operational resilience underscores Broadridge’s role as an essential partner in driving business value and innovation.
This comprehensive framework, combining robust technology with strategic industry insights, positions Broadridge Financial Solutions Inc. as a critical enabler in the financial services ecosystem, continually adapting to meet the challenges of an ever-evolving global market.
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.
Broadridge Financial Solutions, a $4.5 billion Fintech leader, will hold a virtual Investor Day on December 10, 2020, at 8:00 a.m. EST. Executives, including CEO Tim Gokey and CFO Edmund Reese, will present the company's strategic growth plans across governance, capital markets, and wealth management, along with new three-year growth objectives. Broadridge supports proxy voting services for over 50% of public companies and processes over U.S. $8 trillion in trades daily. For event details, visit Broadridge's Investor Relations website.
Broadridge Financial Solutions, Inc. (NYSE: BR) has declared a quarterly cash dividend of $0.575 per share, payable on January 5, 2021. This dividend will be issued to shareholders on record as of December 15, 2020. Broadridge, a global Fintech leader with a market capitalization of $4 billion, provides investor communications and technology solutions to various financial entities. The company processes over $8 trillion in trades daily and is part of the S&P 500 Index.
Broadridge Financial Solutions has unveiled the first phase of its enhanced virtual shareholder meeting (VSM) platform, aimed at improving accessibility and engagement for corporate issuers and shareholders. The upgraded platform includes a next-gen user interface, easier meeting management, and enhanced Q&A functionality. Broadridge is set to facilitate nearly 2,000 VSMs in 2020, a significant rise from 326 in 2019. The company's historical commitment to innovation in Fintech continues to position it as a leader in investor communication solutions.
Broadridge Financial Solutions (NYSE: BR) has been selected by R.J. O'Brien & Associates to enhance its global exchange-traded derivatives operations through Broadridge's post-trade platform. This partnership aims to boost efficiency, reduce operational complexity by consolidating two back-office systems, and support RJO's strategic growth. Broadridge's platform promises productivity gains via streamlined workflows and proactive management. RJO's CEO highlighted their commitment to service excellence and innovation, positioning the firm as a leader in global derivatives processing.
Broadridge Financial Solutions (NYSE: BR) has appointed Edmund Reese as Chief Financial Officer, effective November 30, 2020. Reese, formerly CFO at American Express's Global Consumer Services Group, brings a wealth of experience in financial services, having held various senior positions since 2009. CEO Tim Gokey praised Reese's expertise in delivering results and shareholder value. The interim CFO, Matt Connor, will continue in an expanded role within the Global Technology and Operations team. Broadridge is a leading $4 billion fintech provider, processing over $8 trillion in trades daily.
Magnifi, a TIFIN Group company, has integrated Fi360 Fiduciary Score® into its investment platform, enhancing the ability of advisors to suggest suitable investment products while adhering to fiduciary standards. This partnership aims to facilitate compliance with Reg BI requirements, providing tools for efficient client and retirement plan management. CEO Rick Hurwitz emphasized the importance of this integration amid market volatility and rising interest in ESG themes. A webinar demonstrating the new features will occur on November 10, 2020, at 2:00 p.m. ET.
Broadridge Financial Solutions (NYSE: BR) reported a strong first quarter for FY2021, with total revenues of $1,017 million, a 7% increase year-over-year. Recurring fee revenues grew by 8% to $671 million, driven by net new business onboarding. Operating income rose 8% to $79 million, while diluted EPS increased 17% to $0.56. Notably, adjusted operating income surged 45% to $151 million. The company updated its guidance, expecting recurring revenue growth of 3-6% and adjusted EPS growth of 6-10% for the full fiscal year.
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