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 Fintech and technology company whose activities generate frequent, market-relevant news for investors and industry participants. Company announcements emphasize that Broadridge’s technology and operations platforms power investing, governance, and communications for clients, support post-trade processing and asset servicing, and underpin the daily average trading of more than $15 trillion in securities globally. As a result, developments at Broadridge can be relevant to capital markets infrastructure, wealth management technology, and regulatory-driven services.
This news page aggregates coverage of Broadridge (BR) across key themes highlighted in the company’s own releases. Readers can expect updates on its post-trade and capital markets platforms, including the Distributed Ledger Repo (DLR) platform, which the company describes as processing large average daily volumes of tokenized repo transactions. News also covers enhancements to its multi-asset portfolio and trade order management platform for asset managers and buyside firms, such as integrated general ledger capabilities and redesigned user interfaces.
Broadridge’s communications also feature strategic partnerships and acquisitions in areas like asset servicing, global tax and client reporting, and cross-border fund distribution and regulatory services. In addition, the company publishes thought leadership on operational resilience and regulation, including a whitepaper on the European Union’s Digital Operational Resilience Act (DORA) and related global regulatory trends.
Because Broadridge is part of the S&P 500 Index and is active across multiple segments of financial market infrastructure, its news flow often includes earnings announcements, dividend declarations, technology migrations, AI initiatives, and recognition in independent technology assessments. This page provides a centralized view of such developments for those tracking BR’s role in financial technology and market operations.
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.
Broadridge Financial Solutions (NYSE: BR) has launched its AI-driven corporate bond trading platform, LTX®, which recently executed its first trades. Developed in partnership with Jim Toffey, LTX aims to enhance liquidity, efficiency, and execution in corporate bond trading for broker-dealers and asset managers. The platform utilizes advanced AI and a new digital execution protocol, RFX®, to better connect buyers and sellers in the nearly $10 trillion U.S. corporate debt market. Broadridge continues to innovate in fintech, aiding clients in navigating complex trading environments.
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