Broadridge Financial Solutions reports developments across financial technology, investor communications, governance services, and capital markets operations. Company news commonly covers proxy voting and disclosure solutions, managed services, trading and post-trade technology, financial messaging, and platforms used by banks, broker-dealers, asset managers, wealth managers, and corporate issuers.
Recurring updates also include artificial intelligence in capital markets and wealth workflows, digital asset and tokenized securities infrastructure, LTX corporate bond trading activity, Distributed Ledger Repo, client migrations to the Broadridge Swift Service Bureau, acquisitions that expand trading capabilities, investor events, dividends, and debt financing actions.
A comprehensive global study reveals that only 15% of organizations identify themselves as disruptive leaders, while 75% anticipate business model changes within three years. The second annual Global Board Governance Survey, conducted by Protiviti, BoardProspects, and Broadridge Financial Solutions, surveyed over 1,800 board members and executives in Q4 2024.
The study categorizes organizations into distinct groups: 34% are disruptive aspirants, 25% are both disruptors and at risk, 16% are agile followers, and 7% are slow to respond to disruption. Notably, 77% of disruptive leaders express confidence in handling disruptions, compared to only 28% of slow-responding organizations.
The survey also highlights the role of generative AI as a key indicator of disruption readiness, with 72% of disruptive leaders viewing it as an opportunity, while over 40% of disrupted organizations see it as a risk.
Broadridge Financial Solutions (NYSE: BR) has announced its participation in three major investor events in March 2025. CEO Tim Gokey will lead a fireside chat at the Raymond James Institutional Investors Conference in Orlando on March 3 at 3:25 PM ET. CFO Ashima Ghei will host individual investor meetings at the Morgan Stanley Technology, Media & Telecom Conference in San Francisco on March 4, and conduct a fireside chat at the Wolfe Research FinTech Forum in New York City on March 11 at 1:40 PM ET.
The fireside chat sessions will be accessible through Broadridge's Investor Relations website at www.broadridge-ir.com.
Broadridge Financial Solutions (NYSE: BR) has been recognized in the Chartis Research Buyside Platforms 2024 Rankings, earning awards in the Outsourced Operations and Managed Services categories. This recognition underscores Broadridge's role in providing essential technology and managed services to buy-side firms, aiding in operational transformation and innovation.
Mike Sleightholme, Head of Asset Management and President of Broadridge International, stated that the awards validate Broadridge's commitment to delivering solutions that simplify complexity, unlock growth opportunities, and drive efficiency. Chartis Research highlighted Broadridge's momentum in the buy-side market, with a top 15 placement reflecting the depth and breadth of its solutions supporting diverse activities across operations and execution.
Broadridge's investment management platform integrates front-, middle-, and back-office technology and services, streamlining workflows and enhancing agility, scalability, and operational excellence. Its managed services accelerate digital transformation and optimize efficiency across all operational facets.
Nordnet Bank AB, a leading pan-Nordic digital platform for savings and investments, has implemented Broadridge Financial Solutions' (NYSE:BR) international shareholder disclosure solution to comply with the updated Shareholder Rights Directive (SRDII). The implementation involves Broadridge's end-to-end Shareholder Disclosure Hub, an API-based digital solution that has been operational since September 2024.
The solution enables Nordnet to accurately and securely respond to shareholder identification requests and forward them to other parties within required deadlines. This implementation supports Nordnet's operations in Sweden and other European markets, ensuring compliance with SRDII requirements while maintaining high data security standards.
BNP Paribas Securities Services, managing USD 13.7 trillion under custody, has selected Broadridge Financial Solutions (NYSE:BR) as its global securities class action services provider. The partnership aims to enhance BNP Paribas' global custody services by leveraging Broadridge's proprietary technology for identifying, filing, and recovering investment losses.
The collaboration comes at a time when securities class actions are expanding globally, with over 35 jurisdictions adopting collective redress mechanisms. In 2024, there were more than 125 recovery opportunities totaling $5.2 billion in settlements. Broadridge's solution offers comprehensive global class action coverage through its team of securities litigators, claims administrators, auditors, and data specialists.
Broadridge Financial Solutions (NYSE: BR) has extended its strategic global agreement with Upvest, a European investment infrastructure provider, to enhance end-to-end proxy voting and shareholder disclosure solutions. The partnership enables Upvest to streamline shareholder interactions and meet SRD II regulatory requirements.
Through this collaboration, Broadridge will provide Upvest with comprehensive solutions including meeting notification, vote execution, confirmation, and both digital and entry card services for online and in-person voting. Upvest will utilize Broadridge's white-labelled interface for proxy voting via its website.
The partnership also includes access to Broadridge's Shareholder Disclosure Hub, offering a proactive online reporting solution that enables clients to meet regulatory disclosure obligations through a single portal, improving operational efficiency and minimizing risk. This collaboration allows Upvest to extend its B2B services to meet growing client demands while providing retail investors with tools to exercise their shareholder rights.
Broadridge Financial Solutions (NYSE:BR) has announced a quarterly cash dividend of $0.88 per share. The dividend will be paid on April 3, 2025, to stockholders who are on record as of the close of business on March 13, 2025.
Broadridge Financial Solutions (NYSE: BR) has announced a partnership with Symphony to integrate messaging technology into its NYFIX Matching platform. The integration makes NYFIX Matching the first post-trade matching tool in the industry to offer integrated messaging capabilities.
The enhancement enables asset managers to communicate directly with brokers through Symphony's secure messaging platform, facilitating faster resolution of post-trade discrepancies and improving operational efficiency. The functionality is now available for NYFIX customers and addresses a critical market gap by responding to client demands for more direct and faster communication with brokers.
The integration aims to enhance compliance, transparency, and streamlined resolution of post-trade discrepancies while supporting the financial industry's movement towards workflow digitization.
Broadridge Financial Solutions (NYSE:BR) reported strong Q2 FY2025 results with notable growth across key metrics. Recurring revenues increased 9% to $980 million, while total revenues rose 13% to $1,589 million. The company achieved significant earnings growth, with diluted EPS up 103% to $1.20 and adjusted EPS growing 70% to $1.56.
The growth was driven by a combination of 7% organic growth and the acquisition of SIS. Event-driven revenues showed remarkable performance, increasing 126% to $125 million, primarily due to higher mutual fund communications volume. The company maintained strong margins, with operating income margin increasing to 13.3% from 8.9%.
Broadridge reaffirmed its FY2025 guidance, including 6-8% Recurring revenue growth (constant currency), 8-12% Adjusted EPS growth, and Closed sales of $290-330 million. The company completed the acquisition of Kyndryl's Securities Industry Services for approximately $185 million, expanding its GTO segment offerings in Canada.
Broadridge Financial Solutions (NYSE: BR) released its sixth Global Class Action Annual Report, revealing global securities class action settlements reached $5.2 billion across 136 settlements in 2024. The report highlights a 14% growth in U.S. settlements, exceeding the five-year average by 5%. Notable trends include:
- Ten mega-settlements surpassing $100 million each
- 28% increase in antitrust recoveries
- 222 new federal securities class action lawsuits
- Over 300 newly filed cases globally
- More than 1,000 unresolved cases tracked in 20+ countries
The report identifies key trends including the surge in ESG-related lawsuits, Europe's legal evolution under the Representative Actions Directive, increasing cryptocurrency litigation, cybersecurity settlements totaling $560 million, and rising AI-related cases. The largest settlement was the Stock Loan Antitrust Class Action at $580,008,750.