Broadridge Finl Solutions Inc Stock Price, News & Analysis

Broadridge Financial Solutions (NYSE: BR) has appointed Ray Tierney as President of Itiviti, enhancing its Capital Markets business. Tierney brings 35 years of experience, having previously served as Global CEO of Trading Solutions at Bloomberg. He will manage growth in Broadridge's front-office OEMS and Connectivity solutions following the Itiviti acquisition. CEO Tim Gokey emphasized Tierney's role in expanding the firm's multi-asset class capabilities and driving global growth, while Itiviti's Rob Mackay transitions to Senior Advisor.

Broadridge Financial Solutions (NYSE: BR) launched its transformative distributed ledger repo (DLR) platform, enabling significant reductions in operational costs and risks for participants in the $10 trillion global bilateral repo market. In its first week, DLR achieved an average daily volume of $31 billion. The platform employs smart contracts and offers a secure record of trade details, enhancing liquidity and operational efficiencies. This innovation positions Broadridge as a key player in advancing digitization within the financial sector.

Broadridge Financial Solutions (NYSE: BR) announced the acquisition of AdvisorStream, enhancing its wealth management capabilities. This strategic move allows Broadridge to provide improved digital engagement and marketing solutions for advisors in the wealth and insurance sectors. AdvisorStream's platform, featuring content from major sources like The Wall Street Journal and Bloomberg, supports personalized client communications, thereby driving revenue growth for advisors. The acquisition strengthens Broadridge's position in a competitive market, responding to the increased demand for tailored client interactions post-2020.

Broadridge Financial Solutions (NYSE: BR) has appointed Melvin L. Flowers as an independent member of its Board of Directors as of June 8, 2021. With this addition, the board now comprises 11 members, 9 of whom are independent. Flowers, a seasoned finance executive with over 16 years at Microsoft, brings extensive experience in finance and technology. His previous roles include Corporate Vice President of Internal Audit and Senior Controller at Microsoft. Broadridge generated over $4.5 billion in revenue and maintains critical infrastructure for financial services globally.

Broadridge Financial Solutions (NYSE: BR) announced an enhancement to its Private Market Hub platform, utilizing Amazon Managed Blockchain to streamline private equity operations. This upgrade integrates existing industry tools and automates workflows across various functions, improving efficiency and reducing costs. The platform now supports independent auditor access and features an open API architecture. By leveraging distributed ledger technology, the updated Hub aims to facilitate better communication among fund managers, investors, and administrators, addressing previous challenges in the manual investment process.

Broadridge Financial Solutions (NYSE: BR) announced that CEO Tim Gokey will present at the J.P. Morgan 49th Annual Global Technology, Media and Communications Conference on May 25, 2021, at 3:40 PM. A live webcast of the presentation will be accessible via Broadridge's Investor Relations page.

Broadridge is a leading global Fintech firm with over $4.5 billion in revenue. It provides essential infrastructure that supports investing, corporate governance, and communications, processing around $10 trillion in daily trading across various securities.

Broadridge Financial Solutions (NYSE: BR) has successfully closed its offering of $1.0 billion in 2.600% senior notes due 2031. The net proceeds will be used to repay part of its existing debt and for general corporate purposes. Major financial institutions like J.P. Morgan and BofA Securities acted as joint book-running managers for this offering. Broadridge provides critical financial infrastructure and has over $4.5 billion in revenues, servicing various clients in the financial industry. The company continues to navigate risks, including market volatility and cybersecurity threats.

Broadridge Financial Solutions (NYSE: BR) announced its partnership with Aviso Wealth, a Canadian financial services firm, to enhance its digital advisor desktop and securities processing engine. This collaboration aims to streamline dealer services for credit unions and institutional partners, facilitating the management of mutual fund and securities businesses on a unified platform. Broadridge's Dataphile solution has supported these operations for over 25 years and is expected to improve efficiencies amid a complex regulatory landscape. Aviso Wealth manages over $95 billion in assets.

Broadridge Financial Solutions (NYSE: BR) has successfully completed its acquisition of Itiviti Holding AB, a key player in trading and connectivity technology for capital markets. This acquisition strengthens Broadridge's Capital Markets franchise, enhancing its front-office capabilities and multi-asset class solutions. Itiviti, serving top global investment banks and brokers, offers scalable solutions that promote cost efficiency. The deal extends Broadridge's international reach, particularly in APAC and EMEA, positioning the company to better serve global financial institutions.