Broadridge Financial Solutions

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Broadridge Financial Solutions, Inc.
Type	Public (NYSE: BR)
Founded
Headquarters	Jersey City, New Jersey, USA
Key people	Richard J. Daly, CEO Arthur F. Weinbach, Chairman John Hogan, President & COO Dan Sheldon, CFO[1][1] num_employees = 4,241 (June 2007)
Industry	Financial Administration
Revenue	▲ US $2.2 billion USD (2007) [1]
Net income	▲ US $197.1 million (2007)[2]
Website	www.broadridge.com

Broadridge Financial Solutions, Inc., (NYSE: BR) formerly ADP Brokerage Services Group, with nearly $2.0 billion in revenues and more than 40 years of experience, is a leading global provider of technology-based outsourcing solutions to the financial services industry. Their integrated systems and services include investor communication, securities processing, and clearing and outsourcing solutions. They offer advanced, integrated systems and services that are dependable, scalable and cost-efficient. Their systems help reduce the need for clients to make significant capital investments in operations infrastructure, thereby allowing them to increase their focus on core business activities.

[edit] History

Broadridge Financial Solutions, Inc. is the former Brokerage Services Business of ADP. The company has a 44-year history of providing innovative solutions to the financial services industry and publicly-held companies. In 1962, the Brokerage Services division of ADP opened for business with one client, processing an average of 300 trades per night. In 1979, they expanded their U.S.-based securities processing solutions to process Canadian securities. During the 1980s, they began providing desktop productivity tools extending their role as a service provider to both the front and back-office of financial institutions. They made significant additions to their Securities Processing Solutions business through two key acquisitions in the mid-1990s. In 1995, they acquired London-based Wilco International, a provider of multi-currency clearance and settlement services, to become a global supplier of transaction processing services. Wilco has opened offices in Hong Kong and Tokyo, acquired firms in Australia and Germany, and has become a key link in their ability to integrate their full suite of transaction processing services to clients around the world. In 1996, they acquired Information Catalyst Inc., a provider of institutional fixed income transaction processing systems. In their 2006 fiscal year, they processed on average approximately $2 trillion per day in fixed income trades. They began offering their proxy services in 1989. The proxy services business, which started what has become their Investor Communications Solutions business, leveraged the information processing systems and infrastructure of their Securities Processing Solutions business. Their proxy services offering attracted 31 major clients in its first year of operations. In 1992, they acquired The Independent Election Corporation of America which further increased their proxy services capabilities. By 1999, they were handling over 90% of the investor communications distributions for all securities held of record by banks and brokers in the United States — from proxy statements to annual reports. During the 1990s, they expanded their proxy services business to serve security owners of Canadian and United Kingdom issuers and they offered a complete Outsourcing solution for international proxies. In 1995, they became the exclusive owner of the ProxyEdge product after acquiring the one-half interest then owned by their joint venture partner. ProxyEdge is their workflow solution that permits the electronic voting of institutionally held shares and now accounts for the processing of approximately 50% of all U.S. shares voted by stockholders. In 1999, they acquired Management Information Services Corp., a company specializing in proxy processing services for mutual funds. They entered into a joint venture with the Tokyo Stock Exchange in 2004, gaining entry into the world’s second largest capital market and expanding their international proxy services presence. Over 100 issuers in Japan have signed on to this service. In 2005, they launched a proxy solicitation service designed for the registered mutual fund and annuity industry. In 1998, having previously provided print and distribution services as an accommodation to their transaction processing and proxy clients, they decided to focus on account statement and reporting services. In 2001, they acquired IBM’s print centers in Dallas, Texas and Columbus, Ohio, significantly expanding the size and scale of their print and distribution services. Also in that year, they developed and released PostEdge to meet the need for electronic distribution and archiving of all investor communications. In 2002, they acquired Argus Group to add on-demand customized print capabilities to their investor communication offerings. In 2005, they entered the securities clearing business by purchasing Bank of America Corporation’s U.S. Clearing and Broker Dealer Services businesses. The following year they commenced offering their unique business process outsourcing service to self-clearing U.S. broker-dealers.^[2]

[edit] References

[edit] External links

• Broadridge — Official website
• NYSE Euronext — "NYSE Euronext Web Site"
• Standard & Poors — "S&P MidCap 400 Index Web Site"