Broadridge Finl Solutions Inc Stock Price, News & Analysis

Schwab Asset Management has become the first large asset manager to pilot a new proxy polling solution developed by Broadridge Financial Solutions. This innovative tool will allow Schwab to gauge shareholder preferences on key proxy issues related to long-term value, corporate governance, and ESG matters. Starting tomorrow, shareholders of select Schwab funds will receive the poll via email or postcard. The insights gathered will inform Schwab's proxy voting approach and policies, emphasizing their commitment to maximizing shareholder value.

Broadridge's recent whitepaper outlines a forecasted slowdown in organic growth across the global asset management industry, predicting a decline from a CAGR of 3.9% to 1.7% from 2021 to 2031. Despite this, net asset inflows are projected to increase by US$18T, raising total AUM to over USD$170T. The study identifies key shifts in competition, with individual investors expected to drive 69% of net flows, particularly towards private markets and Asia Pacific. New standards of differentiation emphasize the need for faster innovation, stronger distribution, flexible delivery, and better brand building for asset managers to succeed.

Broadridge (NYSE: BR) has announced a strategic partnership with MX to enhance digital engagement tools for wealth management firms. This collaboration will provide financial advisors with a comprehensive 360° view of their clients' financial assets and liabilities, improving the ability to offer personalized insights. The integration of MX's financial data aggregation and management solutions into Broadridge's platform aims to boost advisor productivity and promote long-term financial success for clients. Broadridge continues to innovate in the fintech sector with this initiative.

Broadridge Financial Solutions (NYSE: BR) has launched a new proxy voting service in Austria as part of its Direct Market Solutions (DMS) product suite. This innovation improves operational efficiency by extending the voting window and research period for investors by an average of four days. The automated system enhances communication between investors and issuers, enabling digital submission of voting instructions. Broadridge is committed to driving local market efficiencies, complementing its global voting solutions, which cover over 100 markets. The company reported revenues of $5 billion.

Hamburg Commercial Bank has successfully migrated its SEPA payments business to a cloud-based platform provided by Broadridge Financial Solutions. This transition, completed in under 12 months, follows the earlier migration of high-value TARGET and international SWIFT payments. The new system achieves an operational efficiency with a straight-through processing rate of 99.9%, significantly reducing manual intervention and enhancing service for European customers. This transformation aligns with banking trends towards modern, scalable technology solutions.

Broadridge Financial Solutions (NYSE: BR) has partnered with Coinbase to enhance crypto trading access and liquidity for institutional investors. This collaboration integrates Coinbase Prime with Broadridge's NYFIX order-routing network, allowing clients to streamline order flow and access multiple crypto liquidity venues. The solution, initially available to US clients, aims to lower participation barriers amid growing institutional adoption of crypto. Broadridge's extensive market reach will connect over 2,000 clients to this new trading capability, fostering more efficient crypto asset management.

Broadridge Financial Solutions (NYSE: BR) achieved a notable milestone by ranking #10 on the 2022 IDC FinTech Rankings, moving up four spots from the previous year. This recognition, awarded for the eighth consecutive year, highlights Broadridge as a "Fast Track FinTech" for consistent financial growth. The rankings assess global providers of financial technology based on revenues from the financial services sector. With revenues of $5 billion and a market presence serving over $9 trillion in daily trades, Broadridge remains a key player in transforming the financial services industry.