Broadridge Finl Solutions Inc Stock Price, News & Analysis

Broadridge Financial Solutions (NYSE: BR) announced the acquisition of Execution Compliance and Surveillance Service (ECS) assets from Jordan & Jordan, enhancing its regulatory compliance capabilities for broker-dealers. This strategic acquisition aims to streamline compliance with US regulations such as SEC Rules 605/606. The acquisition is expected to bolster Broadridge's consulting and reporting services, enabling broker-dealers to better meet regulatory demands and monitor compliance effectively. The transaction reflects Broadridge's commitment to expanding its capital markets offerings, reinforcing its position as a Fintech leader.

Bayerische Landesbank (BayernLB) has selected Broadridge Financial Solutions, Inc. (NYSE:BR) to manage its regulatory trade reporting commitments. By adopting Broadridge's multi-asset class solution, BayernLB aims to streamline compliance with regulations such as SFTR, EMIR, MiFIR, and MMSR. This partnership will reduce operational costs and complexity while allowing BayernLB to focus on core activities. Broadridge's solution is designed to adapt to evolving reporting requirements, ensuring future compliance and efficiency gains for BayernLB.

Broadridge Financial Solutions (NYSE: BR) has appointed Ray Tierney as President of Itiviti, enhancing its Capital Markets business. Tierney brings 35 years of experience, having previously served as Global CEO of Trading Solutions at Bloomberg. He will manage growth in Broadridge's front-office OEMS and Connectivity solutions following the Itiviti acquisition. CEO Tim Gokey emphasized Tierney's role in expanding the firm's multi-asset class capabilities and driving global growth, while Itiviti's Rob Mackay transitions to Senior Advisor.

Broadridge Financial Solutions (NYSE: BR) launched its transformative distributed ledger repo (DLR) platform, enabling significant reductions in operational costs and risks for participants in the $10 trillion global bilateral repo market. In its first week, DLR achieved an average daily volume of $31 billion. The platform employs smart contracts and offers a secure record of trade details, enhancing liquidity and operational efficiencies. This innovation positions Broadridge as a key player in advancing digitization within the financial sector.

Broadridge Financial Solutions (NYSE: BR) announced the acquisition of AdvisorStream, enhancing its wealth management capabilities. This strategic move allows Broadridge to provide improved digital engagement and marketing solutions for advisors in the wealth and insurance sectors. AdvisorStream's platform, featuring content from major sources like The Wall Street Journal and Bloomberg, supports personalized client communications, thereby driving revenue growth for advisors. The acquisition strengthens Broadridge's position in a competitive market, responding to the increased demand for tailored client interactions post-2020.

Broadridge Financial Solutions (NYSE: BR) has appointed Melvin L. Flowers as an independent member of its Board of Directors as of June 8, 2021. With this addition, the board now comprises 11 members, 9 of whom are independent. Flowers, a seasoned finance executive with over 16 years at Microsoft, brings extensive experience in finance and technology. His previous roles include Corporate Vice President of Internal Audit and Senior Controller at Microsoft. Broadridge generated over $4.5 billion in revenue and maintains critical infrastructure for financial services globally.

Broadridge Financial Solutions (NYSE: BR) announced an enhancement to its Private Market Hub platform, utilizing Amazon Managed Blockchain to streamline private equity operations. This upgrade integrates existing industry tools and automates workflows across various functions, improving efficiency and reducing costs. The platform now supports independent auditor access and features an open API architecture. By leveraging distributed ledger technology, the updated Hub aims to facilitate better communication among fund managers, investors, and administrators, addressing previous challenges in the manual investment process.

Broadridge Financial Solutions (NYSE: BR) announced that CEO Tim Gokey will present at the J.P. Morgan 49th Annual Global Technology, Media and Communications Conference on May 25, 2021, at 3:40 PM. A live webcast of the presentation will be accessible via Broadridge's Investor Relations page.

Broadridge is a leading global Fintech firm with over $4.5 billion in revenue. It provides essential infrastructure that supports investing, corporate governance, and communications, processing around $10 trillion in daily trading across various securities.