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Broadridge Financial Solutions Elevated as Top Leader in 2024 Wealth Management Assessment

In a recent announcement, Broadridge Financial Solutions, Inc. (NYSE: BR), a prominent player in the Fintech sector, has been distinguished as the highest-designated leader in Market Impact and hailed as a star performer in the Wealth Management Products PEAK Matrix® Assessment for 2024 by Everest Group. This marks the second consecutive year that Broadridge has received such significant recognition in the industry.

Kriti Gupta, Practice Director at Everest Group, affirmed, "Broadridge's continuous investments in its wealth platform enable it to deliver better customer insights, enhanced engagement with clients, and more collaborative business opportunities." The report emphasizes how Broadridge's commitment to innovation and technology has cemented its status as a leader in the wealth management domain.

As a frontrunner, Broadridge has consistently demonstrated its ability to integrate advanced technologies such as Artificial Intelligence (AI) and Machine Learning (ML) into its solutions. This allows the firm not only to understand market challenges but also to anticipate the evolving needs of the next generation of investors. By prioritizing client experience through hyper-personalized services and maintaining strategic partnerships with various technology providers, Broadridge sets itself apart from its competitors.

The company's success can also be reflected in its extensive, API-first component solutions tailored to meet the unique demands of wealth management firms. Broadridge's solutions aim to enhance the investor experience while simultaneously driving advisor revenue and productivity. By fostering an open ecosystem, these firms can combine their proprietary resources with Broadridge's offerings and third-party solutions, allowing for greater customization and modernization of their tech stacks based on specific strategic goals.

Mike Alexander, President of Wealth Solutions at Broadridge, expressed his enthusiasm for the recognition. He stated, "We are thrilled to be recognized by our clients and Everest Group for our commitment to providing exceptional service and a sophisticated digital platform to address the evolving needs of the wealth and asset management industries." This statement encapsulates Broadridge's vision for not only responding to market needs but also proactively shaping the future of wealth management.

The Everest Group's assessment, which involved evaluating 17 major wealth management technology providers, encompassed various factors including interaction with IT service providers and client reference checks. The firms recognized as leaders exhibited comprehensive coverage and innovation across the value chain, demonstrating their dedication to continued investment in advanced technologies and strategic partnerships.

As we look towards 2025, Broadridge is focused on expanding its capabilities and modernizing wealth management practices, assisting clients to innovate and grow. Their commitment to developing customized solutions ensures that they remain at the forefront of the industry, driving operational resiliency and enhancing business performance while transforming investor experiences.

At its core, Broadridge Financial Solutions aims to power investing, governance, and communications for its clientele, processing over 7 billion communications annually and supporting daily trading of securities exceeding $10 trillion worldwide.

With accolades pouring in and a clear vision for the future, Broadridge is poised not only to maintain its position as a leader in wealth management technology but also to redefine the standards of service within the financial sector on a global scale.