NEW
YORK, Dec. 3, 2024 /PRNewswire/ -- Nicsa, a
prominent asset and wealth management industry association, awarded
its 2024 NOVA "Innovation in Operations" award to Broadridge
Financial Solutions, Inc. (NYSE:BR), for its Tailored Shareholder
Reports solution designed to address complexities introduced by the
SEC's TSR ruling, which came into effect in July 2024. The awards recognize best-in-class
initiatives, technologies and leadership in the asset and wealth
management industry.
"Since the Tailored Shareholder Reports rule took effect in
July 2024, Broadridge's solution has
empowered 342 fund companies by processing more than 14,000 CUSIPs,
delivering more than 140 million emails and executing approximately
57 million mailings," said Jane
Kirkland, Head of Mutual Fund Regulatory Communications at
Broadridge. "This industry recognition underscores Broadridge's
commitment to being the trusted and transformative partner for
shareholder communications."
Broadridge's end-to-end solution for funds and fund
administrators offers composition, iXBRL tagging, SEC-compliant
layered web hosting, and comprehensive SEC filings, along with a
personalized communication experience for fund investors that
efficiently combines and delivers TSRs just for the funds and share
classes investors hold within their accounts.
Far more than a simple redesign, the SEC's requirements demanded
intricate summarized disclosures aimed at helping individual
investors better understand and manage their mutual fund and ETF
investments with greater clarity and transparency. In addition,
Broadridge's solution facilitated effective oversight of the
regulatory reporting process by incorporating robust workflow and
approval capabilities
About Broadridge
Broadridge Financial Solutions (NYSE: BR), is a global
technology leader with the trusted expertise and transformative
technology to help clients and the financial services industry
operate, innovate, and grow. We power investing, governance, and
communications for our clients – driving operational
resiliency, elevating business performance, and transforming
investor experiences.
Our technology and operations platforms process and generate
over 7 billion communications per year and underpin the daily
trading of more than $10 trillion of
securities globally. A certified Great Place to Work®, Broadridge
is part of the S&P 500® Index, employing over 14,000 associates
in 21 countries. For more information, please visit
www.broadridge.com.
About Nicsa
Nicsa is a not-for-profit trade association striving to
connect all facets of the global asset and wealth management
industry in order to develop, share, and advance leading practices.
For over sixty years, Nicsa has promoted a collaborative
environment where members come together to help strategically
address the industry's most vital issues.
Broadridge Contacts:
Investors:
Edings
Thibault
Head of Investor Relations, Broadridge
broadridgeir@broadridge.com
Media:
Gregg
Rosenberg
Global Head of Corporate Communications
Gregg.Rosenberg@broadridge.com
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SOURCE Broadridge Financial Solutions, Inc.