Profile: Broadridge Financial Solutions Inc (BR.N)
30 Jun 2016
Broadridge Financial Solutions, Inc. (Broadridge), incorporated on December 6, 2006, provides investor communications and technology-driven solutions to banks, broker-dealers, mutual funds and corporate issuers. The Company systems and services include investor communication solutions, and securities processing and business process outsourcing services. The Company provides financial services firms with advanced, dependable, scalable and cost-effective integrated systems. The Company’s systems reduce the need for clients to make significant capital investments in operations infrastructure, allowing them to increase their focus on core business activities. The Company delivers a broad range of solutions that help its clients better serve their retail and institutional customers across the entire investment lifecycle, including pre-trade, trade, and post-trade processing. The Company serves a large and diverse client base across four businesses: Bank/Broker-Dealer Investor Communication Solutions, Corporate Issuer Solutions, Mutual Fund and Retirement Solutions, and Global Technology and Operations Solutions. The Company’s businesses operate in two segments: Investor Communication Solutions and Securities Processing Solutions.
Investor Communication Solutions
The Company’s Bank/Broker-Dealer Investor Communication Solutions, Corporate Issuer Solutions, and Mutual Fund and Retirement Solutions businesses operate within this segment. A large portion of its Investor Communication Solutions business involves the processing and distribution of proxy materials to investors in equity securities and mutual funds, and the facilitation of related vote processing. ProxyEdge, its innovative electronic proxy delivery and voting solution for institutional investors and financial advisors, helps ensure the participation of the largest stockholders of many companies. The Company also provides the distribution of regulatory reports and corporate action/reorganization event information, and tax reporting solutions that help its clients meet their regulatory compliance needs. The Company provides financial information distribution and transaction reporting services to both financial institutions and securities issuers. These services include the processing and distribution of account statements and trade confirmations, traditional and personalized document fulfillment and content management services, marketing communications, and imaging, archival and workflow solutions that enable and enhance its clients’ communications with investors.
The Company provides proxy distribution, vote tabulation, and various additional investor communication tools and services to institutional investors, corporate issuers, investment companies and financial advisors. The services provided in this segment represented approximately 73%, of its total Revenues in fiscal years 2014, respectively. These services include
Bank and Brokerage Offerings
This segment handles the entire proxy materials distribution and voting process for its bank and broker-dealer clients on-line and in real-time, from coordination with third party entities to ordering, inventory maintenance, mailing, tracking and vote tabulation. The Company offer electronic proxy delivery services for the electronic delivery of proxy materials to investors and collection of consents; maintenance of a database that contains the delivery method preferences of clients’ customers; posting of documents on the Internet; e-mail notification to investors notifying them that proxy materials are available; and proxy voting over the Internet, mobile devices and tablets.
Institutional Investor Offerings
The Company provides services to manage the entire proxy voting process of institutional investors, including fulfilling their fiduciary obligations and meeting their reporting needs, such as ProxyEdge, workflow solution that integrates ballots for positions held across multiple custodians and presents them under a single proxy.
Corporate Issuer Offerings
The Company is the processor and provider of investor communication solutions to public companies through the performance of beneficial proxy services for bank and broker-dealer clients. The Company offers its corporate issuer clients many tools to facilitate their communications with investors such as Internet and telephone proxy voting, electronic delivery of corporate filings, and house holding of communications to stockholders at the same address.
Mutual Fund Offerings
The Company provides a full range of tools that enable mutual funds to communicate with large audiences of investors efficiently, reliably, and often with substantial cost savings. It also provides printing and mailing of regulatory reports, prospectuses and proxy materials, as well as proxy solicitation services.
Securities Processing Solutions
The Company Global Technology and Operations Solutions business operates within this segment. It offers advanced computerized real-time transaction processing services that automate the securities transaction lifecycle, from desktop productivity tools, data aggregation, performance reporting, and portfolio management to order capture and execution, trade confirmation, settlement, and accounting. The Company’s services help financial institutions efficiently and cost-effectively consolidate their books and records, gather and service assets under management, focus on their core businesses, and manage risk.
The Company’s securities processing services represented approximately 27% of its total Revenues in 2014. These services include
North American Securities Processing Services
The Company provides multi-currency systems that support real-time processing of securities transactions in North American equities, options, fixed income securities, and mutual funds. Brokerage Processing Services (BPS) is its core multi-currency back-office processing system that supports real-time processing of transactions in the United States markets.
International Securities Processing Services
The Company provides multi-currency transaction processing solutions for institutional and retail securities operations, corporate actions, and business process outsourcing services such as data cleansing.
Business Process Outsourcing Services
The Company also provides business process outsourcing services that support the operations of its clients’ businesses including their securities clearing, record-keeping, and custody-related functions.
Broadridge Financial Solutions Inc
5 Dakota Dr
NEW HYDE PARK NY 11042-1107
Company Web Links
- BRIEF-Broadridge Financial Solutions files for debt shelf with U.S. SEC
- BRIEF-Broadridge to acquire DST's North American customer communications business
- BRIEF-Broadridge Financial Solutions buys 4sight Financial Software Ltd
- BRIEF-Broadridge appoints general manager of mutual fund proxy voting business
- T Rowe Price loses lawsuit over 2013 Dell buyout