Broadridge Enhances Alternative Investment Platform with Key Features
In a significant move, Broadridge Financial Solutions, Inc. (NYSE: BR), a prominent figure in the global fintech landscape, has upgraded its multi-asset portfolio and trade order management platform. The enhancements are designed specifically for alternative investment managers, introducing fully integrated general ledger capabilities alongside a refreshed user interface (UI). This development aligns with Broadridge's broader strategy to provide a comprehensive investment management solution that not only boosts operational efficiency but also elevates fiduciary oversight and expedites decision-making for buyside firms.
According to Frank Cataudo, the General Manager of Investment Management Solutions at Broadridge, firms across the alternative investment and asset management spectrum are facing intense pressure to modernize their outdated technology infrastructure and enhance operational controls amidst growing competition. “Broadridge is making meaningful investments to evolve our platform, allowing clients to tackle these challenges effectively,” Cataudo stated. The recent update, featuring an integrated general ledger and a revamped UI, demonstrates Broadridge's commitment to delivering a transparent, unified, and scalable platform for future investment management solutions.
The newly integrated general ledger capabilities enhance Broadridge’s portfolio management system by embedding period accounting and financial statement reporting into the investment management platform. This solution not only provides a fund-level general ledger but also facilitates systematic posting of accounting entries related to all investment activities. Clients can utilize tools for period adjustments, workflows to close out periods, and benefit from out-of-the-box financial statements. Such capabilities enable clients to produce a comprehensive shadow book of record, enhancing accuracy and efficiency during their month-end close processes—ensuring alignment with the records held by official fund administrators.
As pressure mounts on asset managers to provide greater transparency, automation, and regulatory compliance, the integration of the general ledger is expected to bolster fiduciary controls and improve operational consistency and data accuracy. Furthermore, the design architecture is geared to provide scalability for future global operations, accommodating growing business needs.
In addition to the general ledger enhancements, the redesigned UI presents a modern, intuitive workspace tailored for portfolio managers and traders. The updated interface optimizes workflows by consolidating portfolio management, risk management, analytics, and reporting into a singular user experience. This change simplifies navigation, allowing users to operate more efficiently and make quicker, well-informed decisions without the distraction of juggling multiple screens.
Broadridge's multi-asset portfolio and trade order management platform is well-regarded among asset managers, hedge funds, asset owners, and other buyside entities. The platform excels by providing seamless integration across various asset classes, which is critical for enhancing decision-making processes and operational productivity.
About Broadridge: Broadridge Financial Solutions (NYSE BR) is recognized as a leader in financial technology, harnessing transformative technology and trusted expertise to support clients within the financial services industry. Broadridge fuels investing, governance, and communication processes, thereby driving operational resilience, enhancing business performance, and transforming investor experiences. Remarkably, Broadridge's technology and operational platforms process and generate more than 7 billion communications each year, underpinning an average of over $15 trillion in daily transactions of various securities, including equities and fixed income. The company, celebrated as a certified Great Place to Work®, is a component of the S&P 500® Index and employs a diverse workforce of over 15,000 personnel across 21 countries. For additional details, please visit www.broadridge.com.
According to Frank Cataudo, the General Manager of Investment Management Solutions at Broadridge, firms across the alternative investment and asset management spectrum are facing intense pressure to modernize their outdated technology infrastructure and enhance operational controls amidst growing competition. “Broadridge is making meaningful investments to evolve our platform, allowing clients to tackle these challenges effectively,” Cataudo stated. The recent update, featuring an integrated general ledger and a revamped UI, demonstrates Broadridge's commitment to delivering a transparent, unified, and scalable platform for future investment management solutions.
The newly integrated general ledger capabilities enhance Broadridge’s portfolio management system by embedding period accounting and financial statement reporting into the investment management platform. This solution not only provides a fund-level general ledger but also facilitates systematic posting of accounting entries related to all investment activities. Clients can utilize tools for period adjustments, workflows to close out periods, and benefit from out-of-the-box financial statements. Such capabilities enable clients to produce a comprehensive shadow book of record, enhancing accuracy and efficiency during their month-end close processes—ensuring alignment with the records held by official fund administrators.
As pressure mounts on asset managers to provide greater transparency, automation, and regulatory compliance, the integration of the general ledger is expected to bolster fiduciary controls and improve operational consistency and data accuracy. Furthermore, the design architecture is geared to provide scalability for future global operations, accommodating growing business needs.
In addition to the general ledger enhancements, the redesigned UI presents a modern, intuitive workspace tailored for portfolio managers and traders. The updated interface optimizes workflows by consolidating portfolio management, risk management, analytics, and reporting into a singular user experience. This change simplifies navigation, allowing users to operate more efficiently and make quicker, well-informed decisions without the distraction of juggling multiple screens.
Broadridge's multi-asset portfolio and trade order management platform is well-regarded among asset managers, hedge funds, asset owners, and other buyside entities. The platform excels by providing seamless integration across various asset classes, which is critical for enhancing decision-making processes and operational productivity.
About Broadridge: Broadridge Financial Solutions (NYSE BR) is recognized as a leader in financial technology, harnessing transformative technology and trusted expertise to support clients within the financial services industry. Broadridge fuels investing, governance, and communication processes, thereby driving operational resilience, enhancing business performance, and transforming investor experiences. Remarkably, Broadridge's technology and operational platforms process and generate more than 7 billion communications each year, underpinning an average of over $15 trillion in daily transactions of various securities, including equities and fixed income. The company, celebrated as a certified Great Place to Work®, is a component of the S&P 500® Index and employs a diverse workforce of over 15,000 personnel across 21 countries. For additional details, please visit www.broadridge.com.
Topics Financial Services & Investing）
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