Broadridge Financial Solutions, Inc. is a leading global provider of technology-driven solutions aimed at transforming the financial industry by facilitating and automating financial transactions. Founded in 2007 as a spin-off from Automatic Data Processing (ADP), the company has its headquarters in Lake Success, New York, United States. Broadridge operates under the ticker "BR" in the New York Stock Exchange (NYSE).
The company provides communications, technology, data, and other important services to banks, broker-dealers, mutual funds, and corporate issuers globally. Broadridge's client list is an impressive assembly of some of the world's best-known financial institutions, all reliant on their advanced technological capabilities to streamline operations and reduce costs.
Broadridge's operations are divided mainly into two categories: Investor Communication Solutions and Global Technology and Operations. The former makes up the larger share of the company's net revenues. It involves the processing and distribution of proxy materials to investors, as well as offering processing solutions for mutual funds and retirement plan processing. On the other hand, the Global Technology and Operations segment provides advanced computerized real-time transaction processing services that automate the securities transaction lifecycle.
Over the years, Broadridge has demonstrated a strong commitment to innovation and continuous development. It has established a reputation for being a trendsetter in leveraging technology to transform the financial industry. Particularly, the company has been praised for its efforts in the embracement and application of blockchain technology in securities processing and its exploring of AI applications for customer communication.
Broadridge is also recognized for its dedication to maintaining ethical business practices and giving back to society. The company consistently makes it onto lists of most ethical companies and has committed to several sustainability and environmental initiatives.
Broadridge's superb operation quality has been continuously rewarded in the financial market. Its fiscal year 2020 financial results posted a record revenue of $4.5 billion, marking the 12th straight year for it to deliver record results since it has become a public company. Its consistent performance and resilience make it a much-watched entity in the broader financial services sector.
In the future, Broadridge aims to continue leading the modernization and enhancing the infrastructure of the financial services industry. The company believes that its efforts can enable the financial community to interact more effectively, thereby driving the industry toward a more inclusive and profitable future.