#United States #New York #Broadridge #Nicsa Award #Tailored Reports

Broadridge's Tailored Shareholder Reports Garners 2024 Nicsa NOVA Award

Broadridge Financial Solutions, Inc., a significant player in the financial technology sector, has earned the prestigious 2024 Nicsa NOVA “Innovation in Operations” award for its Tailored Shareholder Reports solution. This solution addresses the complexities introduced by the SEC’s Tailored Shareholder Reports (TSR) rule, which became effective in July 2024. The award recognizes outstanding initiatives, technologies, and leadership within the asset and wealth management industry, underscoring Broadridge's commitment to innovation.

Jane Kirkland, Head of Mutual Fund Regulatory Communications at Broadridge, emphasized the impactful role of their newly introduced solution: "Since the implementation of the Tailored Shareholder Reports rule, our solution has empowered 342 fund companies. Together, we have successfully processed over 14,000 CUSIPs, sent out more than 140 million emails, and executed approximately 57 million mailings. This recognition highlights our dedication to becoming a trusted partner in shareholder communications."

Broadridge’s innovative approach provides an end-to-end solution tailored for funds and fund administrators, integrating features such as composition, iXBRL tagging, SEC-compliant layered web hosting, and thorough SEC filings. The key highlight of this system is its ability to personalize the communication experience for fund investors, seamlessly combining and delivering reports specific to each investor's holdings.

The SEC's recent requirements for Tailored Shareholder Reports necessitated intricate summaries designed to enhance clarity and transparency for individual investors. This move not only aids investors in understanding and managing their mutual fund and ETF investments but also aligns with Broadridge’s vision for empowering investors with essential information.

Further strengthening their solution, Broadridge has integrated robust workflow and approval capabilities, facilitating effective oversight of the regulatory reporting process. This enhancement is vital for ensuring compliance and providing a reliable communication framework in a constantly evolving regulatory landscape.

About Broadridge

Broadridge Financial Solutions, listed on the NYSE under the ticker BR, stands as a global technology leader, providing innovative solutions to clients and the financial services sector. The company's transformative technologies support investing, governance, and communications, significantly driving operational efficiency and enhancing business performance. With a customer base that processes over 7 billion communications annually and sustains over $10 trillion in securities trading globally, Broadridge is well-positioned as a powerhouse in the industry.

The company has also earned recognition as a “Great Place to Work®” and is a proud member of the S&P 500® Index, employing more than 14,000 professionals across 21 countries.

About Nicsa

Nicsa, as a not-for-profit trade association, has worked diligently for over six decades to connect diverse elements of the global asset and wealth management industry. This organization fosters collaboration, enabling members to address pressing industry challenges through shared knowledge and best practices.

For further details about Broadridge’s innovative solutions or to understand more about the Nicsa NOVA Awards, please visit Broadridge's website or Nicsa's platform.