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.
The fourth annual financial advisor marketing survey by Broadridge Financial Solutions (NYSE: BR) reveals that while 63% of advisors are seeking new clients, only 43% see an increase in inbound requests. Market volatility and regulatory pressures challenge IBDs and RIAs. Advisors are increasing marketing spending, averaging $17,433 in 2022, but the percentage of revenue allocated to marketing has decreased to 3.1%. Only 28% have a defined marketing strategy. Those with one see better outcomes, onboarding 2x more clients. Social media lead conversion is up to 41% among those with strategies.
Broadridge Financial Solutions (NYSE: BR) and Strate have collaborated to enhance proxy voting efficiency in South Africa. This integration of digital vote processing solutions aims to increase shareholder engagement for both institutional and retail investors. The service provides operational efficiency throughout the proxy voting lifecycle, ensuring compliance with South African Companies Act. It allows timely notifications and a significantly extended voting window. This initiative is part of Broadridge's broader expansion of its Direct Market Solutions, which aims for enhanced voting transparency across global markets.
Broadridge Financial Solutions (NYSE: BR) has been named a Leader in the Everest Group's inaugural Wealth Management Products PEAK Matrix Assessment 2023. This recognition is based on criteria such as Market Impact and Vision and Capability, where Broadridge excelled in Vision and Strategy, Engagement and Commercial Model, and Support. The company is noted for its comprehensive wealth value chain coverage, strong partner ecosystem, and commitment to innovation through AI and API integrations. Broadridge serves the top 20 North American wealth providers, focusing on enhancing client experiences and adapting to market demands.
Broadridge Financial Solutions (NYSE: BR) has partnered with IntraFi to enhance securities-based lending services for banks and wealth management firms. This collaboration allows IntraFi's 3,000 network members to access Broadridge's advanced SBL technology, aiming to serve previously underserved market segments. Broadridge's Wealth Lending Network will enable streamlined lending and improved liquidity options. With over $5 billion in revenues, Broadridge continues to innovate in financial technology, focusing on meeting the evolving needs of lenders and advisors.
Broadridge Financial Solutions (NYSE: BR) has appointed Martin Koopman as Chief Product Officer, effective January 1, 2023. Koopman, who joined Broadridge in 2014, will lead the Product Management team to enhance the company's SaaS offerings for financial services. With a history of innovation and double-digit growth in previous roles, he aims to strengthen Broadridge's position as a leading global fintech provider. This change is expected to accelerate product delivery and innovation, benefiting clients across multiple sectors.
Broadridge Financial Solutions (NYSE: BR) announced that CFO Edmund Reese will host individual investor meetings at the D.A. Davidson FinTech & Payments Spotlight Conference in New York City on December 8, 2022. Broadridge, a global Fintech leader with revenues exceeding $5 billion, provides critical infrastructure for investing, corporate governance, and communications. Its solutions facilitate daily trading of over $9 trillion in securities globally, serving banks, broker-dealers, and public companies. The firm employs over 14,000 associates and is part of the S&P 500 Index.
Broadridge Financial Solutions announced the promotion of Jim Kwiatkowski to CEO of its AI-driven digital trading platform, LTX. Kwiatkowski, who has over 20 years of experience in electronic trading, aims to enhance LTX's mission to address liquidity issues in credit markets using AI. He succeeds Art Certosimo, who will remain on the board, while Jim Toffey will take over as Chairman. Since its launch in 2020, LTX has seen significant growth, facilitating over $7 billion in firm orders and achieving an average daily volume of $26 billion.
Broadridge Financial Solutions (NYSE: BR) and SLIB have launched a global voting solution aimed at enhancing shareholder engagement in the French market. This collaboration builds on their previous initiative from December 2021 that catered to French investors holding international shares. The new solution streamlines the voting process, reducing operational and regulatory risks, and demonstrates strong corporate governance practices, essential for attracting foreign investments. Broadridge, with over $5 billion in revenues, continues to lead in corporate governance and communication.
Broadridge Financial Solutions (NYSE: BR) has declared a quarterly cash dividend of $0.725 per share, payable on January 5, 2023. Shareholders of record will be those who hold shares at the close of business on December 15, 2022. Broadridge is a leading global fintech company with revenues exceeding $5 billion, facilitating $9 trillion in daily trading across various securities. The company provides essential technology-driven solutions for investing, corporate governance, and communications, enhancing financial lives worldwide.
Broadridge Financial Solutions (NYSE: BR) will attend the Wolfe Research Wealth Symposium in New York City on November 8, 2022. Chief Financial Officer Edmund Reese will participate in a fireside chat at 10:30 A.M. Eastern Time, accessible via webcast on Broadridge's investor relations website. Broadridge, a leader in financial technology with over $5 billion in revenue, facilitates essential infrastructure for investing and corporate governance, connecting public companies with millions of investors globally.