Welcome to our dedicated page for Broadridge Finl Solutions news (Ticker: BR), a resource for investors and traders seeking the latest updates and insights on Broadridge Finl Solutions stock.
Broadridge Financial Solutions, Inc. (NYSE: BR) is a global Fintech and technology company whose activities generate frequent, market-relevant news for investors and industry participants. Company announcements emphasize that Broadridge’s technology and operations platforms power investing, governance, and communications for clients, support post-trade processing and asset servicing, and underpin the daily average trading of more than $15 trillion in securities globally. As a result, developments at Broadridge can be relevant to capital markets infrastructure, wealth management technology, and regulatory-driven services.
This news page aggregates coverage of Broadridge (BR) across key themes highlighted in the company’s own releases. Readers can expect updates on its post-trade and capital markets platforms, including the Distributed Ledger Repo (DLR) platform, which the company describes as processing large average daily volumes of tokenized repo transactions. News also covers enhancements to its multi-asset portfolio and trade order management platform for asset managers and buyside firms, such as integrated general ledger capabilities and redesigned user interfaces.
Broadridge’s communications also feature strategic partnerships and acquisitions in areas like asset servicing, global tax and client reporting, and cross-border fund distribution and regulatory services. In addition, the company publishes thought leadership on operational resilience and regulation, including a whitepaper on the European Union’s Digital Operational Resilience Act (DORA) and related global regulatory trends.
Because Broadridge is part of the S&P 500 Index and is active across multiple segments of financial market infrastructure, its news flow often includes earnings announcements, dividend declarations, technology migrations, AI initiatives, and recognition in independent technology assessments. This page provides a centralized view of such developments for those tracking BR’s role in financial technology and market operations.
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.
Broadridge Financial Solutions (NYSE: BR) launched a new event notification and direct vote execution service in Denmark, enhancing corporate governance standards. In partnership with Euronext Securities Copenhagen, this service streamlines proxy voting processes for banks and asset managers, fostering compliance with the Shareholder Rights Directive (SRD II) and Denmark's updated Companies Act. The initiative aims to boost shareholder engagement by eliminating the need for Power of Attorney documents, thus improving the proxy voting ecosystem. Broadridge remains committed to expanding its market coverage and enhancing client experiences.
Broadridge Financial Solutions (NYSE:BR) has launched Wealth InFocus, a next-generation wealth communications experience aimed at enhancing investor engagement and advisor-client connections. The service, initially adopted by Cetera Financial Group, has received positive feedback, with 78% of pilot clients preferring it over traditional methods. Wealth InFocus consolidates critical account information, streamlining investor communications across channels. Broadridge emphasizes its commitment to transforming wealth management through innovative digital solutions, enhancing operational efficiency while improving client outcomes.
Broadridge Financial Solutions has launched a multi-jurisdictional version of its Private Market Hub platform, now supporting North American funds. This platform, the first of its kind in private equity, utilizes blockchain technology to streamline operations across jurisdictions. Northern Trust is the cornerstone client now live on the platform, which comes amid significant growth in PE fundraising, surpassing $400 billion.
With over $2.9 trillion in assets under management, the platform enhances workflow efficiencies and data management for fund managers and stakeholders.
Broadridge Financial Solutions (NYSE: BR) has partnered with DekaBank to implement solutions for the Shareholder Rights Directive II (SRD II) in Germany. This collaboration enhances shareholder communications and boosts efficiency for DekaBank's extensive client network across Europe. The SRD II aims to improve transparency and shareholder engagement in corporate governance. Broadridge's Global Proxy Voting and Shareholder Disclosure Hub will provide cutting-edge technology to meet regulatory compliance and improve operational efficiencies.
Broadridge Financial Solutions (NYSE: BR) has appointed Eileen K. Murray as an independent member of its board of directors, effective September 1, 2022. With Ms. Murray's extensive background in financial services, she brings valuable expertise to the board. Currently the Chair of FINRA, her previous roles include Co-CEO at Bridgewater Associates and various senior positions at Morgan Stanley. The board now consists of 12 members, 10 of whom are independent, which is expected to enhance Broadridge's strategic direction in a digitally transforming financial landscape.
Broadridge Financial Solutions (BR) reported a 16% growth in recurring revenue for fiscal year 2022, reaching $3.749 billion. The diluted EPS for the year was $4.55, while adjusted EPS increased by 14% to $6.46. The company achieved record closed sales of $282 million and announced a 13% increase in the annual dividend to $2.90 per share. For fiscal year 2023, Broadridge expects organic recurring revenue growth of 6-9% and adjusted EPS growth of 7-11%.
Broadridge Financial Solutions (NYSE: BR) has opened a new office in Singapore, enhancing its commitment to the Asia-Pacific (APAC) region. The new headquarters aims to support growth in headcount and solution offerings, responding to the digital transformation needs of financial services clients. With revenues of $5 billion, Broadridge is positioning itself strategically to capture emerging opportunities within the rapidly expanding financial services sector in Asia. The office, located in Singapore's Central Business District, features a sustainable design to foster employee well-being.
Broadridge Financial Solutions (NYSE:BR) has partnered with Blue Ocean Technologies to enhance after-hours trading access for banks and broker-dealers in North America and APAC. The integration of Blue Ocean ATS with Broadridge's NYFIX network allows clients to engage in US equities trading from 8:00 PM to 4:00 AM ET, significantly overlapping with Asia Pacific business hours. This strategic collaboration aims to provide increased market accessibility and transparency, addressing the needs of global traders in a volatile market.
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