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 leader in investor communications and financial technology infrastructure. This news hub provides authorized updates on corporate developments, regulatory milestones, and strategic initiatives shaping the fintech sector.
Investors and analysts will find verified press releases covering earnings disclosures, partnership announcements, and technology deployments. Our curated selection focuses on material events impacting capital markets operations, digital transformation projects, and governance-related communications.
Key updates are organized by relevance to financial professionals, including:
• Quarterly financial performance reports
• Strategic acquisitions and client wins
• Regulatory compliance advancements
• Technology platform enhancements
Bookmark this page for direct access to Broadridge's official communications and third-party analyses vetted for operational context. Regular updates ensure stakeholders maintain awareness of developments affecting investor services, trade processing ecosystems, and financial data management solutions.
Broadridge Financial Solutions (NYSE: BR) announced a partnership with Smith & Williamson Group to provide its Shareholder Rights Directive (SRD II) solution for proxy voting. This upgrade supports Smith & Williamson's regulatory compliance for both discretionary and non-discretionary execution clients, ensuring timely vote confirmation and efficient communication. Broadridge's technology will help mitigate compliance risks and enhance governance standards. As a major fintech provider, Broadridge processes over $8 trillion in transactions daily, serving over 50% of public companies globally.
Broadridge Financial Solutions (NYSE: BR) will participate in the DA Davidson 19th Annual Software & Internet Conference on September 9, 2020, at 1:05 PM ET. The presentation featuring CEO Tim Gokey will be available via live webcast on the company's Investor Relations page. Broadridge is a global Fintech leader with $4 billion in revenue, providing technology-driven solutions to financial institutions and processing over $8 trillion in trades daily, serving more than 50% of public companies for proxy voting.
Broadridge Financial Solutions reported robust Q4 and FY 2020 financial results, highlighting a 12% revenue increase to $1.362 billion in Q4, and a 4% annual rise to $4.529 billion. Recurring fee revenues grew 14% to $930 million for Q4, driven by organic growth and acquisitions. Although operating income decreased 4% for the fiscal year to $625 million, adjusted EPS rose 8% to $5.03. The company raised its annual dividend for the fourteenth consecutive year.
Broadridge Financial Solutions (NYSE:BR) has launched a new remote proctoring exam for financial advisors, enabling them to obtain fiduciary designations safely online. This initiative, in partnership with ProctorU, addresses the growing demand for such certifications amid social distancing norms. The exams meet ANSI National Accreditation Board standards, allowing candidates to take them from home. With over five million proctor exams administered, this solution aims to enhance accessibility and might set a new standard in certification processes.
Broadridge Financial Solutions (NYSE: BR) reported a record number of new signings for its SRD II solution, responding to the European Commission's updated Shareholder Rights Directive due by September 3, 2020. The demand came from both European and North American markets, including tier-one banks and brokers. Broadridge now serves over 60 clients with its end-to-end solution for proxy voting and shareholder disclosure. The enhancements include a Global Proxy solution and a Shareholder Disclosure Hub using advanced technologies to meet SRD II compliance.
Broadridge Financial Solutions (NYSE: BR) announced the resignation of CFO Jim Young, effective August 31, 2020, as he takes a position at Indigo Ag. Young will remain in his role until the release of Q4 fiscal year 2020 earnings. Matt Connor will serve as Interim CFO during the search for a permanent replacement. Under Young's financial leadership since 2014, Broadridge experienced significant growth, achieving double-digit recurring revenue growth and becoming part of the S&P 500. CEO Tim Gokey praised Young's contributions and expressed confidence in the company's future.
Broadridge Financial Solutions' recent survey reveals that over 50% of financial services firms intend to accelerate their technology strategies post-pandemic. Executives emphasized digitization, focusing on enhancing cybersecurity (63%), multi-channel communications (60%), and customer engagement (53%). Investment priorities have shifted, with 58% planning to increase spending on interactive digital technologies and 54% on AI. The pandemic has highlighted the importance of fintech providers in offering innovative solutions, with 70% of respondents stressing the significance of next-gen technology in their operational models.
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