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 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.
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.
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.