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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) will feature Edings Thibault, SVP of Finance and Investor Relations, at the virtual Morningstar Management Behind the Moat Conference on September 29, 2020, at 3:00 PM EST. Investors can access the live webcast through the Company's Investor Relations page at www.broadridge-ir.com. Broadridge, a $4 billion global Fintech leader, provides investor communications and technology solutions to financial institutions, processing over $8 trillion in trades daily.
Broadridge Financial Solutions (NYSE: BR) announced a partnership with Smith & Williamson Group to provide its Shareholder Rights Directive (SRD II) solution for proxy voting. This upgrade supports Smith & Williamson's regulatory compliance for both discretionary and non-discretionary execution clients, ensuring timely vote confirmation and efficient communication. Broadridge's technology will help mitigate compliance risks and enhance governance standards. As a major fintech provider, Broadridge processes over $8 trillion in transactions daily, serving over 50% of public companies globally.
Broadridge Financial Solutions (NYSE: BR) will participate in the DA Davidson 19th Annual Software & Internet Conference on September 9, 2020, at 1:05 PM ET. The presentation featuring CEO Tim Gokey will be available via live webcast on the company's Investor Relations page. Broadridge is a global Fintech leader with $4 billion in revenue, providing technology-driven solutions to financial institutions and processing over $8 trillion in trades daily, serving more than 50% of public companies for proxy voting.
Broadridge Financial Solutions reported robust Q4 and FY 2020 financial results, highlighting a 12% revenue increase to $1.362 billion in Q4, and a 4% annual rise to $4.529 billion. Recurring fee revenues grew 14% to $930 million for Q4, driven by organic growth and acquisitions. Although operating income decreased 4% for the fiscal year to $625 million, adjusted EPS rose 8% to $5.03. The company raised its annual dividend for the fourteenth consecutive year.
Broadridge Financial Solutions (NYSE:BR) has launched a new remote proctoring exam for financial advisors, enabling them to obtain fiduciary designations safely online. This initiative, in partnership with ProctorU, addresses the growing demand for such certifications amid social distancing norms. The exams meet ANSI National Accreditation Board standards, allowing candidates to take them from home. With over five million proctor exams administered, this solution aims to enhance accessibility and might set a new standard in certification processes.
Broadridge Financial Solutions (NYSE: BR) reported a record number of new signings for its SRD II solution, responding to the European Commission's updated Shareholder Rights Directive due by September 3, 2020. The demand came from both European and North American markets, including tier-one banks and brokers. Broadridge now serves over 60 clients with its end-to-end solution for proxy voting and shareholder disclosure. The enhancements include a Global Proxy solution and a Shareholder Disclosure Hub using advanced technologies to meet SRD II compliance.
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