Broadridge Financial Solutions, Inc. (NYSE: BR)

Broadridge Financial Solutions, Inc. is a global financial technology company that delivers technology driven solutions for investing corporate governance and communications. The firm serves banks broker dealers asset and wealth managers public companies investors mutual funds and other service industries. Its platforms enable clients to operate innovate and grow by enhancing investor engagement optimizing trading and digitizing communications.

The company generates revenue primarily through fees for its technology and business process outsourcing services. Revenue streams include proxy distribution and voting services regulatory communications data driven fund solutions corporate issuer services customer communications management capital markets processing wealth and investment management platforms and investment management solutions. Clients pay for subscription based access transaction based fees and professional services tied to the volume and complexity of the work performed.

The company operates through the following segments: Investor Communication Solutions and Global Technology and Operations.

• Investor Communication Solutions provides regulatory proxy services data driven fund solutions corporate issuer solutions and customer communications management. This segment handles the full proxy materials distribution and voting process offers electronic and hard copy delivery manages vote tabulation and provides tools for shareholder engagement and sustainability reporting. It also delivers regulatory communications prospectus delivery fund communication solutions and omnichannel customer communications for industries such as healthcare insurance and utilities.

• Global Technology and Operations delivers mission critical scale infrastructure to global financial markets through its capital markets and wealth and investment management platforms. The segment offers software as a service solutions that automate the front to back transaction lifecycle for equities mutual funds fixed income foreign exchange and exchange traded derivatives. It also provides wealth management platforms that support advisor productivity investor outcomes and back office operations and investment management solutions that include portfolio order management compliance fee billing and risk management for hedge funds family offices and traditional asset managers.

Broadridge holds a strong position in the financial technology industry as a trusted provider of scale infrastructure and data analytics. It competes with in house operations of financial institutions and specialized vendors such as proxy advisory firms transfer agents and trade processing providers. Competitive advantages include its extensive client network deep domain expertise scalable SaaS platforms and continuous investment in emerging technologies such as artificial intelligence and blockchain.

The company serves a diverse client base that includes banks broker dealers asset managers wealth managers public companies mutual funds retirement service providers corporate issuers and firms in healthcare insurance consumer finance telecommunications and utilities. Specific metrics illustrate the scale of its operations: it managed proxy voting for over 900 million equity proxy positions processed more than seven billion investor and customer communications through print and digital channels handled on average over fifteen trillion dollars in equity and fixed income trades per day provided fixed income trade processing to twenty one of the twenty five primary dealers in the United States and delivered services to the fifteen largest United States wealth providers.