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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.
Americas Executions (AmerX), a full-service broker-dealer, has implemented Broadridge Financial Solutions' Securities Finance and Collateral Management (SFCM) platform to support its newly launched securities lending business. The SFCM technology will enable AmerX to efficiently manage operations, enhance transparency, and ensure regulatory compliance.
Key benefits of the SFCM platform include:
- Efficient management of securities lending operations
- Collateral management
- Trade lifecycle management
- Risk assessment
- Streamlined processes
The implementation aligns with the evolving securities finance landscape, where firms are shifting to self-clearing models and introducing new products to diversify revenue streams. Broadridge's SFCM platform offers a comprehensive, front-to-back SaaS solution for securities finance, supporting business growth and expansion into new markets.
Broadridge Financial Solutions has gifted $3 million to establish an endowed deanship at the Donald and Barbara Zucker School of Medicine at Hofstra/Northwell. The endowment, named the Deborah and Lawrence Smith Dean, honors the school's founding dean and his late wife, supporting medical student scholarships. Dr. David L. Battinelli, current dean and Northwell Health's executive VP and physician-in-chief, is the inaugural recipient.
This gift aims to enable more students to graduate debt-free from the top-ranked medical school. Broadridge, a global technology leader, has been a consistent supporter of Hofstra University and the Zucker School of Medicine since 2011. The endowment will fund scholarships for incoming medical students starting with the class of 2025.
The Zucker School of Medicine, founded in 2008 through a partnership between Hofstra University and Northwell Health, has gained national recognition for its outcomes, faculty, research opportunities, and innovative approach to medical education. It was recently ranked among the top tier for medical research and recognized as one of the most diverse schools in the nation by U.S. News & World Report.
Broadridge Financial Solutions' ProxyPulse™ report reveals significant trends in corporate elections for 2024. Individual investor ownership reached a decade-high at 31.7% of shares held in street name, with voting participation increasing to 29.8%. Individuals showed stronger support for board recommendations compared to institutional investors.
The report highlights increased shareholder support for director and say-on-pay proposals, with directors receiving 91% approval and say-on-pay garnering 88% support. Notably, only 481 directors failed to win majority support, the lowest in four years.
However, environmental and social proposals saw declining support, averaging 21.2%, the lowest in eight years. A clear divergence in voting patterns emerged, with individuals supporting these proposals at 14.8% compared to institutions at 22.4%.
Broadridge Financial Solutions released its ProxyPulse™ report, revealing key trends in proxy voting for 2024. Individual investor ownership reached a decade-high at 31.7% of shares held in street name, with voting participation increasing to 29.8%. Individuals showed more support for board recommendations compared to institutional investors.
The report highlighted a rise in shareholder support for corporate directors (91% approval) and say-on-pay proposals (88% support). Only 481 directors failed to win majority support, the lowest in four years. However, environmental and social proposals saw declining support, averaging 21.2%, the lowest in eight years. A notable divergence was observed between individual (14.8%) and institutional (22.4%) investor support for these proposals.
The ProxyPulse™ report, analyzing voting trends over five proxy seasons, underscores the growing influence of individual investors in corporate governance and the evolving landscape of shareholder priorities.
Broadridge Financial Solutions announced that Skandinaviska Enskilda Banken AB (SEB) is now using Broadridge's international post-trade processing solution to streamline its securities business across global markets. This implementation extends SEB's existing use of Broadridge's front and middle office solutions, creating a unified front-to-back infrastructure.
The new system offers SEB increased simplification, improved workflow efficiency, real-time management controls, and enhanced ability to respond to market requirements and customer needs. Kristian Gårder, co-head of Equities at SEB, emphasized the importance of partnering with a technology leader to enable best-in-class global post-trade operations.
Danny Green, Head of International Post-Trade Solutions at Broadridge, highlighted the significance of post-trade efficiency in today's markets. He noted that SEB is now better positioned to address challenges such as shorter settlement periods, regulatory changes, and client service differentiation while optimizing cost/income ratios and reducing risk.
The College for Financial Planning®—a Kaplan Company has launched Accredited Investment Fiduciary® (AIF®) Training for financial professionals pursuing the AIF® designation. Fi360, a Broadridge Company, has named the College an official education provider for the AIF® exam training requirement. U.S. News & World Report ranks the AIF® designation as one of the best financial certifications.
The AIF® designation ensures that those managing or advising on investor assets understand fiduciary duties, standards of conduct, and the process for carrying out fiduciary responsibilities. The College's president, Dirk Pantone, emphasized their commitment to empowering students to make a difference in clients' lives and thrive in their careers through this training.
John Faustino, head of Broadridge's Fi360, expressed enthusiasm about the College becoming an official education provider, highlighting the AIF®'s credibility and relatively low time commitment as advantages for financial professionals.
Broadridge Financial Solutions (NYSE: BR) has been recognized as a leader in financial services for communications experience platforms and communications outsourcing in the 2024 Customer Communications Management (CCM) to Customer Experience Management (CXM) Aspire Leaderboard™. This marks the third consecutive year of recognition for Broadridge.
Highlights include:
- Overall leader for Service Providers in Communications Experience Platform
- Highest leader in Strategic Direction for Service Providers in CCM-CXM Communications Outsourcing
Broadridge's Wealth InFocus solution, built on the Broadridge Communications Cloud, was praised for its investor-focused approach, combining account information and regulatory communications. The company's commitment to digital innovation and client experience was emphasized, showcasing its dedication to providing impactful and efficient customer experiences through digital transformation.
Broadridge Financial Solutions Inc. (NYSE: BR) is introducing a groundbreaking integration of multiple asset servicing functions into a single, real-time, multi-currency platform. This innovative solution streamlines traditionally fragmented activities across capital markets, wealth management, asset management, and global custody. The platform combines over 18 components, including tax and performance reporting, cost basis, proxy, class actions, reclaims, and a global custody platform.
Key features of Broadridge Global Asset Servicing include:
- Modular design for seamless onboarding
- Efficient data consolidation and reconciliation
- Simplified tech stack for straight-through processing
- Real-time data supporting advanced AI analytics
- Omnichannel communications system
Broadridge Financial Solutions, Inc. (NYSE:BR) has announced that a Tier-1 Canadian Bank has implemented its Distributed Ledger Repo (DLR) platform for High-Quality Liquid Asset (HQLA) treasury securities management. This marks the first implementation of this HQLA use case through DLR, showcasing the potential of Distributed Ledger Technology (DLT) in transforming financial operations.
The implementation is expected to simplify workflows, generate cost savings, and lay the foundation for further DLT use cases in the financial sector. Broadridge's DLR platform is experiencing global expansion across sell-side and buy-side firms, creating a network effect and supporting a wider variety of transaction types. The platform has reached a monthly volume of $1 trillion in the global repo market.
Broadridge Financial Solutions (NYSE:BR) has integrated its securities-based lending (SBL) tools from the Wealth Lending Network (WLN) marketplace into Morningstar Advisor Workstation. This collaboration enables over 150,000 independent advisors to access lending solutions seamlessly, helping them support broader client financial goals. The integration allows advisors to:
1. Determine clients' SBL borrowing potential
2. Connect with WLN partner banks
3. Access advanced predictive prospecting and sales capabilities
This move aligns with the growing demand for flexible, simplified, and integrated financial solutions, allowing advisors to provide more comprehensive services and strengthen client relationships. Clients benefit from an alternative to liquidating investment portfolios, potentially avoiding capital gains taxes and preserving their investment strategy.
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