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) reported first-quarter fiscal 2023 results, showcasing a 7% growth in recurring revenues to $806 million, with 9% growth in constant currency. Total revenues reached $1,283 million, an 8% increase, while diluted EPS dropped 26% to $0.42. The company reaffirmed its fiscal year 2023 guidance of 6-9% recurring revenue growth and 7-11% adjusted EPS growth. Despite a decrease in operating income and net earnings (25%), Broadridge remains optimistic about its long-term growth prospects.
Broadridge Financial Solutions (NYSE: BR) has launched a new end-to-end managed service for European asset managers to comply with the Sustainable Finance Disclosure Regulation (SFDR). Mandatory by January 1, 2023, SFDR requires consistent ESG factor disclosures in investment decisions. The solution covers Pre-contractual, Periodic, Website disclosures, and Principal Adverse Impact statements due by June 30, 2023. It offers automated data management and support in 35 languages, enhancing compliance efficiency for over 1,000 global fund groups.
Broadridge Financial Solutions (NYSE: BR) announced on October 25, 2022, the automation of Corporate Action and Dividend events for clients using the Euroclear CREST platform. This innovation streamlines processes, reduces human error, and offers cost savings for financial institutions. The new service facilitates event creation, payment processing, and settlement, enhancing operational efficiency. Broadridge's comprehensive end-to-end solution bolsters market connectivity and ensures systematic management of CREST-specific events.
Broadridge Financial Solutions (NYSE:BR) will release its first-quarter fiscal year 2023 financial results on November 2, 2022. A conference call with CEO Tim Gokey and CFO Edmund Reese will follow at 8:30 a.m. ET to discuss these results. Investors can access the live webcast on Broadridge's Investor Relations website. The results are pivotal, given Broadridge's role as a global Fintech leader with over $5 billion in revenue and significant global trading infrastructure supporting over $9 trillion in securities.
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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.