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.
Stay informed about developments affecting Broadridge Financial Solutions, a financial technology company providing critical infrastructure to capital markets and the broader financial services industry. News coverage encompasses technology platform enhancements, client wins, regulatory developments, financial performance, strategic initiatives, and industry trends impacting investor communications, securities processing, and trading systems.
Broadridge operates essential technology infrastructure for proxy voting, shareholder communications, securities clearing and settlement, trading connectivity, and wealth management operations. News affecting the company may include announcements of new clients or contract renewals with major financial institutions, launches of new technology platforms or features, expansion into new markets or asset classes, acquisitions of complementary businesses, regulatory changes affecting proxy voting or securities processing, partnerships with industry participants or technology providers, and recognition for innovation or market leadership.
The company's business model relies on recurring revenue from transaction processing and technology services, making client relationships, regulatory environment, trading volumes, and technology adoption key factors in business performance. Industry developments such as changes to proxy rules, securities settlement cycles, trading protocols, or regulatory reporting requirements can significantly impact Broadridge's operations and growth opportunities. Follow news and analysis to understand how market trends, technological innovation, competitive dynamics, and regulatory evolution affect this financial technology infrastructure provider.
Broadridge Financial Solutions (NYSE: BR) has been selected by R.J. O'Brien & Associates to enhance its global exchange-traded derivatives operations through Broadridge's post-trade platform. This partnership aims to boost efficiency, reduce operational complexity by consolidating two back-office systems, and support RJO's strategic growth. Broadridge's platform promises productivity gains via streamlined workflows and proactive management. RJO's CEO highlighted their commitment to service excellence and innovation, positioning the firm as a leader in global derivatives processing.
Broadridge Financial Solutions (NYSE: BR) has appointed Edmund Reese as Chief Financial Officer, effective November 30, 2020. Reese, formerly CFO at American Express's Global Consumer Services Group, brings a wealth of experience in financial services, having held various senior positions since 2009. CEO Tim Gokey praised Reese's expertise in delivering results and shareholder value. The interim CFO, Matt Connor, will continue in an expanded role within the Global Technology and Operations team. Broadridge is a leading $4 billion fintech provider, processing over $8 trillion in trades daily.
Magnifi, a TIFIN Group company, has integrated Fi360 Fiduciary Score® into its investment platform, enhancing the ability of advisors to suggest suitable investment products while adhering to fiduciary standards. This partnership aims to facilitate compliance with Reg BI requirements, providing tools for efficient client and retirement plan management. CEO Rick Hurwitz emphasized the importance of this integration amid market volatility and rising interest in ESG themes. A webinar demonstrating the new features will occur on November 10, 2020, at 2:00 p.m. ET.
Broadridge Financial Solutions (NYSE: BR) reported a strong first quarter for FY2021, with total revenues of $1,017 million, a 7% increase year-over-year. Recurring fee revenues grew by 8% to $671 million, driven by net new business onboarding. Operating income rose 8% to $79 million, while diluted EPS increased 17% to $0.56. Notably, adjusted operating income surged 45% to $151 million. The company updated its guidance, expecting recurring revenue growth of 3-6% and adjusted EPS growth of 6-10% for the full fiscal year.
Broadridge Financial Solutions (NYSE:BR) has announced the integration of its AI-driven trading platform, LTX, with Charles River Investment Management Solution. This collaboration aims to enhance efficiency in the corporate bond market by enabling users to digitize workflows, improving liquidity and execution for illiquid corporate bonds. LTX processes over $7 trillion daily and utilizes next-gen AI to provide insights for better trading decisions. The partnership is positioned to empower institutional investors to connect more effectively with dealers, optimizing trade execution.
Broadridge Financial Solutions (NYSE: BR) announced a partnership with PAG, a leading Asia-focused investment group, to provide a cloud-based portfolio management solution. The Broadridge Sentry system aims to enhance PAG's private debt operations by integrating middle- and back-office functions into a single platform. This move is expected to improve operational efficiencies and support PAG's growth in the complex private debt market of Asia. Broadridge continues to expand its capabilities in the financial technology sector, particularly for private debt and equity markets.
Broadridge Financial Solutions (NYSE: BR) has launched a new platform for Securities-Based Lending (SBL), leveraging cloud technology for enhanced efficiency. The Broadridge SBL platform integrates Rockall's credit risk technology with new loan origination features, aimed at improving the lending process for advisors and clients. Key benefits include same-day funding and streamlined self-service loan management. This digital offering enhances connectivity across the SBL ecosystem and supports robust risk management.
Broadridge Financial Solutions, Inc. (NYSE: BR) will release its financial results for the first quarter ended September 30, 2020, on October 30, 2020. A conference call will be held at 8:30 a.m. ET to discuss these results, featuring CEO Tim Gokey and Interim CFO Matt Connor. Broadridge, a global leader in fintech with a valuation of $4 billion, supports over 50% of public companies in proxy voting and processes more than $8 trillion in securities trades daily. Investors can access the webcast through the company's Investor Relations site.
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