|
|
Post by sandi66 on Feb 25, 2008 18:46:56 GMT -5
Broadridge Issues Founder Grants to Corporate Officers LAKE SUCCESS, NY--(Marketwire - February 25, 2008) - Broadridge Financial Solutions, Inc. (NYSE: BR), a leading global provider of technology-based outsourcing solutions to the financial services industry, today announced that the Compensation Committee (the "Committee") made up of independent outside directors of the Board of Directors of the Company, approved founder equity grants under the Company's 2007 Omnibus Award Plan to certain of the Company's corporate officers. This program is in addition to the current annual equity grant program for corporate officers. The Committee determined it was appropriate to increase the total ownership of Company shares by the corporate officers through a multi-year series of stock option grants. The Committee's long-term goal is to have corporate officers own directly, or have granted to them in the form of stock options and restricted shares/units, five percent of all Company shares outstanding. The Committee anticipates it will take up to four years to meet this goal. After reviewing peer group data on officer share ownership levels, the Committee determined that the level of ownership of the Company's shares by the Company's corporate officers did not adequately align their interest with those of the Company's stockholders. "We believe it is in Broadridge stockholders' interests to have alignment between the long-term goals and objectives of management and stockholders and to encourage superior performance and long-term stability," said Thomas E. McInerney, Chairman of the Compensation Committee of the Board of Directors. These goals will be achieved through a combination of equity grant types: -- Fair market value stock options, where the exercise price of one-third of the options granted in any year equals the closing price of the Company's stock on the date of grant. -- Premium-priced stock options, where the exercise price of one-third of the options granted in any year is 10% higher than the closing price of the Company's stock on the date of the grant. -- Super Premium-priced stock options, where the exercise price of one- third of the options granted in any year is 20% higher than the closing price of the Company's stock on the date of the grant. -- The first stock option grant will vest during fiscal year 2008 and will expire 10 years from the date of grant, subject to earlier expiration upon the occurrence of certain events. The first of these grants totaling 2,000,000 shares underlying options was approved by the Committee on February 25, 2008, comprised of 666,662 fair market value stock options at an exercise price of $18.97 per share (closing price of stock on grant date), 666,667 premium-priced stock options at an exercise price of $20.87 per share (110% of fair market value stock options), and 666,671 super premium-priced stock options at an exercise price of $22.76 per share (120% of fair market value options). In addition to the long-term ownership goal stated above, the Committee is in the process of determining appropriate share ownership guidelines so that, following the vesting of these grants, corporate officers will own an adequate amount of Company shares to keep their individual interests aligned with those of the Company's stockholders. Impact of Founder Equity Grants on Fiscal Year 2008 Financial Guidance Despite a higher stock compensation expense associated with the issuance of founder equity grants, there is no change to the fiscal year 2008 financial guidance communicated in the Company's earnings release of February 7, 2008, for the second quarter ended December 31, 2007. The fiscal year 2008 financial guidance continues to be as follows: 1% - 4% revenue growth, and earnings per share before one-time transition expenses towards the higher end of the $1.30 - $1.40 per share range, based on diluted weighted average shares outstanding of approximately 141 million shares. About Broadridge Broadridge Financial Solutions, Inc., with over $2.0 billion in revenues and more than 40 years of experience, is a leading global provider of technology-based outsourcing solutions to the financial services industry. Our systems and services include investor communication, securities processing, and clearing and outsourcing solutions. We offer advanced, integrated systems and services that are dependable, scalable and cost-efficient. Our systems help reduce the need for clients to make significant capital investments in operations infrastructure, thereby allowing them to increase their focus on core business activities. For more information about Broadridge, please visit www.broadridge.com. Contact Information Investors: Marvin Sims Broadridge Financial Solutions, Inc. Vice President, Investor Relations (516) 472-5477 www.marketwire.com/mw/release.do?id=825276Remember: Broadridge's ability to continue to obtain data center services from its former parent company, Automatic Data Processing, Inc. ("ADP"); Broadridge's debt levels and financing costs, including the impact of its credit ratings on such costs; the ability of Broadridge to develop brand recognition and its reputation with its clients and employees following its separation from ADP in March 2007; the incurrence of additional costs attributable to Broadridge's operations as a stand-alone public company; Broadridge's ability to continue to obtain transitional services from ADP for up to one year from the date of Broadridge's March 2007 spin-off from ADP; changes in technology; availability of skilled technical employees; the impact of new acquisitions and divestitures; competitive conditions; and overall market and economic conditions. |
|
|
|
Post by sandi66 on Mar 31, 2010 21:18:22 GMT -5
Success Requires Support.SM Broadridge Delivers. Broadridge is a leading full-service outsourcing provider to the global financial industry, capable of meeting the most demanding requirements for efficient, secure and scalable operational support. Our reach spans the world, and encompasses an extensive array of services - from account opening and securities transaction processing to correspondent clearing to document management and investor communications as well as full operational staff outsourcing. A steadfast source of processing support, we help financial services institutions and public companies increase productivity, streamline operations, enter new markets with new products more quickly, drive down back-office costs and better manage risk. Today's dynamic business environment calls for this kind of reliable and efficient multi-dimensional support. Our wealth of solutions and deep expertise let you focus on differentiating your firm in today's complex and competitive global marketplace. www.broadridge.com/Broadridge Investor Relations History History and Development of Our Company We are the former Brokerage Services division of ADP. Broadridge Financial Solutions, Inc. was incorporated in Delaware as a wholly-owned subsidiary of ADP on March 29, 2007 in anticipation of our spin-off from ADP. On March 30, 2007, we spun off from ADP and began operating as an independent public company. Our company has more than 40 years of history of providing innovative solutions to the financial services industry and publicly-held companies. In 1962, the Brokerage Services division of ADP opened for business with one client, processing an average of 300 trades per day. In 1979, we expanded our U.S.-based securities processing solutions to process Canadian securities. We made significant additions to our Securities Processing Solutions business through two key acquisitions in the mid-1990s. In 1995, we acquired a London-based provider of multi-currency clearance and settlement services, to become a global supplier of transaction processing services. In 1996, we acquired a provider of institutional fixed income transaction processing systems. We began offering our proxy services in 1989. The proxy services business, which started what has become our Investor Communication Solutions business, leveraged the information processing systems and infrastructure of our Securities Processing Solutions business. Our proxy services offering attracted 31 major clients in its first year of operations. In 1992, we acquired The Independent Election Corporation of America which further increased our proxy services capabilities. By 1999, we were handling over 90% of the investor communication distributions for all securities held of record by banks and broker-dealers in the U.S.—from proxy statements to annual reports. During the 1990s, we expanded our proxy services business to serve security owners of Canadian and United Kingdom issuers and we began offering a complete outsourced solution for international proxies. In 1998, having previously provided print and distribution services as an accommodation to our securities processing and proxy clients, we decided to focus on account statement and reporting services. In 2001, we developed and released PostEdge ® to meet the need for electronic distribution and archiving of all investor communications. In 2004, we entered the securities clearing business by purchasing Bank of America Corporation’s U.S. Clearing and BrokerDealer Services businesses. The following year we commenced offering our unique business process outsourcing service to self-clearing U.S. broker-dealers. www.broadridge-ir.com/main/history.htmBroadridge Investor Relations History History and Development of Our Company We are the former Brokerage Services division of ADP. Broadridge Financial Solutions, Inc. was incorporated in Delaware as a wholly-owned subsidiary of ADP on March 29, 2007 in anticipation of our spin-off from ADP. On March 30, 2007, we spun off from ADP and began operating as an independent public company. Our company has more than 40 years of history of providing innovative solutions to the financial services industry and publicly-held companies. In 1962, the Brokerage Services division of ADP opened for business with one client, processing an average of 300 trades per day. In 1979, we expanded our U.S.-based securities processing solutions to process Canadian securities. We made significant additions to our Securities Processing Solutions business through two key acquisitions in the mid-1990s. In 1995, we acquired a London-based provider of multi-currency clearance and settlement services, to become a global supplier of transaction processing services. In 1996, we acquired a provider of institutional fixed income transaction processing systems. We began offering our proxy services in 1989. The proxy services business, which started what has become our Investor Communication Solutions business, leveraged the information processing systems and infrastructure of our Securities Processing Solutions business. Our proxy services offering attracted 31 major clients in its first year of operations. In 1992, we acquired The Independent Election Corporation of America which further increased our proxy services capabilities. By 1999, we were handling over 90% of the investor communication distributions for all securities held of record by banks and broker-dealers in the U.S.—from proxy statements to annual reports. During the 1990s, we expanded our proxy services business to serve security owners of Canadian and United Kingdom issuers and we began offering a complete outsourced solution for international proxies. In 1998, having previously provided print and distribution services as an accommodation to our securities processing and proxy clients, we decided to focus on account statement and reporting services. In 2001, we developed and released PostEdge ® to meet the need for electronic distribution and archiving of all investor communications. In 2004, we entered the securities clearing business by purchasing Bank of America Corporation’s U.S. Clearing and BrokerDealer Services businesses. The following year we commenced offering our unique business process outsourcing service to self-clearing U.S. broker-dealers. www.broadridge-ir.com/main/history.htmBroadridge Investor Relations Management Arthur F. Weinbach. Mr. Weinbach is our Executive Chairman and has served as the Chairman of our Board of Directors since 2007. Mr. Weinbach served as Chairman of the Board and Chief Executive Officer of ADP from 1998 to 2006. He retired as Chief Executive Officer of ADP in 2006 and retired as Chairman of ADP’s Board in 2007. Mr. Weinbach held a variety of positions of increasing responsibility since joining ADP in 1980, including two years as President and Chief Executive Officer, and two years as President and Chief Operating Officer. Prior to that, he was the Chief Financial Officer of ADP for almost 10 years. Mr. Weinbach is a director of CA, Inc., and The Phoenix Companies, Inc. He is also on the Board of Trustees of New Jersey SEEDS, a charitable organization. Richard J. Daly. Mr. Daly is our Chief Executive Officer and has been a member of our Board of Directors since 2007. Prior to the March 2007 spin-off of Broadridge from ADP, Mr. Daly served as Group President of the Brokerage Services Group of ADP, as a member of the Executive Committee and a Corporate Officer of ADP since June 1996. In his role as President, he shared the responsibility of running the Brokerage Services Group with John Hogan and was directly responsible for our Investor Communication Solutions business. Mr. Daly joined ADP in 1989 as Senior Vice President of the Brokerage Services Group. John Hogan. Mr. Hogan is our President and Chief Operating Officer. Prior to the spin-off of Broadridge from ADP, he served as Group President of the Brokerage Services Group of ADP and as a member of the Executive Committee and a Corporate Officer of ADP, positions he held since June 1996. In his role as President, he shared the responsibility of running the Brokerage Services Group with Mr. Daly and was directly responsible for our Securities Processing Solutions and Clearing and Outsourcing Solutions businesses. He joined ADP in 1993 as Senior Vice President and Chief Operations Officer of the Proxy Services business. Adam D. Amsterdam. Mr. Amsterdam is our Corporate Vice President, General Counsel and Secretary. Mr. Amsterdam is responsible for all legal matters related to the Company. Prior to the spin-off of Broadridge from ADP, he served as Associate General Counsel and Staff Vice President of ADP since January 2006. Mr. Amsterdam joined ADP in 1991 as Corporate Counsel responsible for the Brokerage Services business. In 1994, he was promoted to Senior Corporate Counsel of ADP. Mr. Amsterdam was promoted in 1996 to Assistant General Counsel and then again in 2002 to Associate General Counsel of ADP. Joseph Barra. Mr. Barra is our Corporate Vice President, Clearing and Outsourcing Solutions. He is responsible for our Clearing and Outsourcing Solutions business. Mr. Barra joined ADP’s Brokerage Services Business in 2005 as the President of ADP Clearing & Outsourcing Services, Inc. Prior to joining ADP, he was instrumental in establishing National Investor Services Corp. (NISC) as TD Waterhouse’s affiliate clearing broker-dealer, and served as its President and Chief Executive Officer from 1996 to 2005. During that time, he took on increasing responsibilities within TD Waterhouse that included overseeing its capital markets group, nationwide call centers and investment centers and also served as President, TD Waterhouse Securities Inc. J. Peter Benzie. Mr. Benzie is our Corporate Vice President, Sales. He is responsible for global sales for our three businesses. Mr. Benzie joined ADP’s Brokerage Services Business in 2005 as Executive Vice President, Global Chief Sales Officer. Prior to joining ADP, he served as Executive Vice President of National Financial, a unit of Fidelity Investments from 2001. In that role, he was responsible for Fidelity’s correspondent clearing business. He joined Fidelity in 1996, as Executive Vice President in the Private Wealth Management area where he managed Fidelity’s retail branches, phone sites, operations, sales, marketing and products. Maryjo T. Charbonnier. Ms. Charbonnier is our Corporate Vice President, Human Resources. She is responsible for all aspects of Human Resources within Broadridge. She joined the Company in August 2008, and was promoted to her current role in June 2009. Prior to joining Broadridge, Ms. Charbonnier held many senior human resource positions at PepsiCo, Inc. in the United States ( U.S. ), Canada and Mexico over a 13-year period. In her last role at PepsiCo, she was the Vice President of Talent Sustainability PepsiCo Foods and she led the talent management strategy and implementation for PepsiCo’s largest division. Douglas R. DeSchutter. Mr. DeSchutter is our Corporate Vice President, Strategic Development. Commencing in October 2009, Mr. DeSchutter’s responsibilities include transaction reporting and information distribution services. Previously, his responsibilities included mergers and acquisitions and the development of our long-term growth strategy including strategic planning and new market opportunities. Prior to the spin-off of Broadridge from ADP, Mr. DeSchutter served as Vice President of Corporate Development for ADP from 2002, until he was promoted to Staff Vice President of Corporate Development in 2006. Prior to joining ADP in 2002, he was Vice President of Mergers & Acquisitions at Lehman Brothers focusing on the technology sector. Robert F. Kalenka. Mr. Kalenka is our Corporate Vice President, Global Procurement and Facilities. In addition to being responsible for global procurement and facilities, he is responsible for the operations of our Investor Communication Solutions business. Mr. Kalenka joined ADP’s Brokerage Services Business in 1992 in the Investor Communication Services Division as Director of Finance. He was promoted to Vice President of Operations of the Investor Communication Services Division in 1994, and again as Chief Operating Officer and Senior Vice President of the Investor Communication Services Division in 1999. Charles J. Marchesani. Mr. Marchesani is our Corporate Vice President, Securities Processing Solutions. He is responsible for our securities processing services. Mr. Marchesani joined ADP’s Brokerage Services Business in 1992 in the Market Data Services Division as Director of the Help Desk and served in various roles of increasing responsibility within the Brokerage Processing Services business until he was promoted to General Manager of the Brokerage Processing Services business in 2005. Gerard F. Scavelli. Mr. Scavelli is our Corporate Vice President, Investor Communication Solutions. In 2008, he assumed responsibility for our mutual fund solutions group. Previously, Mr. Scavelli was responsible for our financial information distribution and transaction reporting services. Mr. Scavelli joined ADP’s Brokerage Services Business in 1997 as Vice President of Business Development. In 1999, he was promoted to Senior Vice President and General Manager of Information Distribution Services. Robert Schifellite. Mr. Schifellite is our Corporate Vice President, Investor Communication Solutions. He is responsible for our beneficial, registered and global proxy communications services and our reorganization/corporate actions and tax reporting services. In 2008, he also assumed responsibility for our financial information distribution and transaction reporting services. Mr. Schifellite joined ADP’s Brokerage Services Business in 1992 as Vice President, Client Services. In 1996, he was promoted to Senior Vice President and General Manager of Investor Communication Services. Dan Sheldon. Mr. Sheldon is our Corporate Vice President and Chief Financial Officer. He joined ADP in 1984 as Director of Internal Audit. During his tenure with ADP, he held various senior financial management positions in most of the major business units, including as Chief Financial Officer of the Brokerage Services Business of ADP. Mr. Sheldon was appointed Corporate Vice President and Controller of ADP in June 2003. In addition to his role as Controller, he was responsible for ADP’s shared services operations and finance information systems. www.broadridge-ir.com/mgmt/index.htm |
|
|
|
Post by sandi66 on Mar 31, 2010 21:20:27 GMT -5
Press Releases: 2008: Broadridge Receives Two Gold Awards at the 2008 International MarCom Awards December 2, 2008 Broadridge Financial Solutions, Inc. is pleased to announce that it has received Gold Awards in two categories at the 2008 International MarCom Awards. View/download in PDF Broadridge CEO to Present at JP Morgan's Tenth SMid Cap Conference November 26, 2008 Broadridge Financial Solutions, Inc. today announced that Richard J. Daly, Chief Executive Officer, is scheduled to present at JP Morgan's Tenth SMid Cap Conference on Thursday, December 4, 2008, at 4:30pm ET, to be held at the JP Morgan Conference Center in New York City. View/download in PDF Broadridge Financial Solutions, Inc. Recognized as the Industry's Top Brokerage Process Service Provider November 19, 2008 Broadridge Financial Solutions, Inc., a leading global provider of technology-based outsourcing solutions to the financial services industry, is pleased to announce it has recently received "Top Overall Honors" in "The Black Book of Outsourcing. View/download in PDF Broadridge Declares Dividend November 13, 2008 Broadridge Financial Solutions, Inc. announced today that its Board of Directors has declared a quarterly cash dividend of $0.07 per share. View/download in PDF Broadridge CEO to Present at Oppenheimer's Best Ideas Conference November 12, 2008 Broadridge Financial Solutions, Inc. today announced that Richard J. Daly, Chief Executive Officer, is scheduled to present at Oppenheimer's Best Ideas Conference on Tuesday, November 18, 2008, at 10am ET, to be held at the Millennium Broadway Hotel in New York City. View/download in PDF Broadridge Financial Solutions Receives ISO 27001 Certification for Information Security Management Systems November 10 , 2008 Broadridge Financial Solutions, Inc. has received the prestigious ISO 27001 Certification for its core ProxyPlus®, Brokerage Processing Services (BPS®), and impactsm applications. View/download in PDF Broadridge Reports First Quarter Fiscal Year 2009 Results November 6, 2008 Broadridge Financial Solutions, Inc., a leading global provider of technology-based outsourcing solutions to the financial services industry, today reported financial results for the first quarter of its fiscal year 2009. View/download in PDF Broadridge Announces the Contribution of its Draft Extensible Business Reporting Language (XBRL) Taxonomy for Proxy Statements to XBRL US, Inc. October 16 , 2008 Broadridge Financial Solutions, Inc. announced today that it has contributed the first open-source format for interactive proxy statements to XBRL US, Inc. The architecture explicitly supports the reporting requirements of the U.S. Securities and Exchange Commission (SEC) proxy statement form (DEF14A). View/download in PDF Broadridge to Webcast First Quarter Fiscal 2009 Earnings Release Conference Call on November 6, 2008 October 9 , 2008 Broadridge Financial Solutions, Inc. is scheduled to release its financial results for the first fiscal quarter ended September 30, 2008, before the opening of the New York Stock Exchange on Thursday, November 6, 2008. View/download in PDF Broadridge Confirms Barclays Bank and Lehman Brothers Are Clients of Its Securities Processing Business September 22, 2008 Broadridge Financial Solutions, Inc. confirmed today that both Barclays Bank PLC and Lehman Brothers, Inc. are clients of its Securities Processing business. View/download in PDF Broadridge Signs Neuberger Berman Broker-Dealer to Three-Year Clearing Services Contract September 18, 2008 Broadridge Financial Solutions, Inc. announced today that Neuberger Berman, LLC --- a leading asset manager and one of the broker-dealer subsidiaries that is not part of the Lehman Brothers Holdings Inc. bankruptcy filing --- has signed a three-year contract with Broadridge for clearing services. View/download in PDF Broadridge Financial Solutions, Inc. Completes $125 Million Tender Offer for Its 6.125% Senior Notes Due 2017 September 3, 2008 Broadridge Financial Solutions, Inc. announced that it has purchased $125 million principal amount of its 6.125% Senior Notes due 2017 pursuant to its previously announced cash tender offer for such notes. View/download in PDF Broadridge Financial Solutions, Inc. Increases the Principal Amount Offered to be Purchased pursuant to its Tender Offer for its 6.125% Senior Notes from $75 Million to $125 Million August 18, 2008 Broadridge Financial Solutions, Inc. announced today that it has increased the size of its offer to purchase its 6.125% Senior Notes due 2017 from $75 million aggregate principal amount of notes to a maximum of $125 million aggregate principal amount of notes. Broadridge Reports Fourth Quarter and Fiscal Year 2008 Results August 14, 2008 Broadridge Financial Solutions, Inc., a leading global provider of technology-based outsourcing solutions to the financial services industry, today reported financial results for the fourth quarter and fiscal year 2008 that are within its previously announced guidance range, and announced an increase of approximately 17% in its dividend amount for fiscal year 2009. View/download in PDF Broadridge Financial Solutions, Inc. Announces Tender Offer for up to $75 Million Aggregate Principal Amount of its 6.125% Senior Notes Due 2017 August 5, 2008 Broadridge Financial Solutions, Inc. announced that it has commenced today a cash tender offer to purchase up to $75 million aggregate principal amount of its 6.125% Senior Notes due 2017. View/download in PDF Broadridge Financial Solutions, Inc. Announces Acquisition of Investigo Corporation July 30, 2008 Broadridge Financial Solutions, Inc., a leading global provider of technology-based outsourcing solutions to the financial services industry, today announced that it has successfully completed the acquisition of Investigo Corporation. View/download in PDF Broadridge Financial Solutions Receives Four Awards of Distinction at the 14th Annual Communicator Awards July 23, 2008 Broadridge Financial Solutions, Inc. is pleased to announce that they received the Award of Distinction (Silver) in four categories at the 14 th Annual Communicator Awards on May 23, 2008 for communications Broadridge developed. View/download in PDF Broadridge to Webcast Fiscal Year 2008 Earnings Release Conference Call on August 14, 2008 July 17, 2008 Broadridge Financial Solutions, Inc. is scheduled to release its financial results for the fiscal year ended June 30, 2008, before the opening of the New York Stock Exchange on Thursday, August 14, 2008. Edward Jones & Co. Extends Its Use of Broadridge’s Brokerage Processing Services (BPS) Platform to Its Canadian Operations June 23, 2008 Broadridge Financial Solutions, Inc. announced today that Edward Jones, one of the top securities firms in investor satisfaction, has signed a multi-year contract to have Broadridge implement an integrated brokerage solution to support Edward Jones’ extensive retail business in Canada. View/download in PDF Broadridge Wins Windows in Financial Services 2008 Innovators Award For Delivering Outstanding Retail Brokerage Applications in its Ascendis™ Platform June 12, 2008 Broadridge Financial Solutions, Inc., a leading global provider of technology-based outsourcing solutions to the financial services industry, has received the prestigious Windows in Financial Services 2008 Innovators Award for its leadership in providing solutions that deliver results utilizing Microsoft technologies. View/download in PDF Investor Communications Japan (ICJ), A Joint Venture of Broadridge, the Tokyo Stock Exchange Inc. (TSE) and the Japan Securities Dealers Association (JSDA), Has Signed Over 300 Companies To Its Proxy Voting Platform in Just Two Years May 27, 2008 Broadridge Financial Solutions, Inc. has announced today that Investor Communications Japan (ICJ), the electronic proxy voting platform implemented as part of a joint venture with the Tokyo Stock Exchange (TSE) and the Japan Securities Dealers Association (JSDA), now has over 300 companies participating in its state-of-the-art shareholder communications and voting service. View/download in PDF Broadridge Enhances its ProxyEdge Service By Adding Japan Proxy Governance, Inc. To Its Platform May 20, 2008 Broadridge Financial Solutions, Inc. today announced that it has added Japan Proxy Governance, Inc. (JPG) as the fourth vote recommendation provider to ProxyEdge®, a proxy voting tool for institutional investors and investment companies. View/download in PDF Broadridge Adds BNY ConvergEx Group’s LiquidPoint to BPS Platform May 19, 2008 Broadridge Financial Solutions, Inc. announced today that they are now offering their brokerage clients access to LiquidPoint’s sophisticated electronic options trading platform. View/download in PDF Broadridge Reports Third Quarter Fiscal 2008 Results and Increases EPS Guidance May 8, 2008 Broadridge Financial Solutions, Inc., a leading global provider of technology-based outsourcing solutions to the financial services industry, today reported earnings of $29.5 million, or $0.21 per share for the third quarter ended March 31, 2008, compared to $41.9 million or $0.30 per share for the comparable quarter of the previous fiscal year. View/download in PDF Broadridge Credit Rating Unchanged by S&P Correction April 30, 2008 Earlier today, S&P issued a press release titled "S&P Downgrades Broadridge Financial Solutions (Corrected)." View/download in PDF Broadridge Comments on Large Clearing Transaction, Risk Management Practices, and Clearing and Outsourcing Strategy April 18, 2008 Broadridge Financial Solutions, Inc. today released the following statement in response to recent inquiries related to a large clearing transaction that was disclosed in its Form 10-Q filing for the period ended December 31, 2007, its risk management practices and its clearing and outsourcing strategy. View/download in PDF Broadridge To Webcast Third Quarter Fiscal 2008 Earnings Release Conference Call On May 8, 2008 April 4, 2008 Broadridge Financial Solutions, Inc. is scheduled to release its financial results for the third fiscal quarter ended March 31, 2008, before the opening of the New York Stock Exchange on Thursday, May 8, 2008. View/download in PDF Broadridge Adds Nordic Investor Services (NIS) to its ProxyEdge Platform March 31, 2008 Broadridge Financial Solutions, Inc. today announced that it has introduced enhanced services to ProxyEdge®, a proxy voting tool designed for institutional investors and investment companies. View/download in PDF Mizuho goes live with Broadridge’s CCASS Adapter in Hong Kong February 27, 2008 Broadridge Financial Solutions, Inc. has announced today that Mizuho Securities Asia Ltd. (Mizuho), has commenced live operations on the Broadridge CCASS (Central Clearing and Settlement System) Adapter in Hong Kong. View/download in PDF Broadridge Issues Founder Grants To Corporate Officers February 25, 2008 Broadridge Financial Solutions, Inc., a leading global provider of technology-based outsourcing solutions to the financial services industry, today announced that the Compensation Committee (the “Committee”) made up of independent outside directors of the Board of Directors of the Company, approved founder equity grants under the Company’s 2007 Omnibus Award Plan to certain of the Company’s corporate officers. View/download in PDF Broadridge to fund Residential Bridge Camp at Hyderabad Program strives to eradicate child labor and improve education opportunities February 25, 2008 Broadridge Financial Solutions (India) Private Limited, today announced that it would be funding Rs. 1.2 Crore over a three-year period for the development of a Bridge Camp to be operated by the MV Foundation, which works toward the eradication of child labor in India. View/download in PDF Broadridge Financial Solutions Receives Top Honor For Personalized, High-Impact Retirement Communications February 20 2008 Broadridge Financial Solutions, Inc., is pleased to announce that it has received the PODi Best Practices Award in the Direct Marketing category for its innovative personalized retirement transition statement product. View/download in PDF Broadridge Reports Strong Second Quarter Fiscal 2008 Results February 7, 2008 Broadridge Financial Solutions, Inc., a leading global provider of technology-based outsourcing solutions to the financial services industry, today reported earnings of $28.9 million, or $0.21 per share for the second quarter ended December 31, 2007, compared to $28.0 million or $0.20 per share for the comparable quarter of the previous fiscal year. View/download in PDF Broadridge Declares Dividend February 6, 2008 Broadridge Financial Solutions, Inc., a leading global provider of technology-based outsourcing solutions to the financial services industry, announced today that its Board of Directors has declared a quarterly dividend of $0.06 per share. View/download in PDF LBBW Securities, LLC Goes Live on Broadridge's Operations Outsourcing Solution January 22, 2008 Broadridge Financial Solutions, Inc. announced that LBBW Securities, LLC, a wholly owned subsidiary of Landesbank Baden-Wuerttemberg, is outsourcing a range of operations functions to its subsidiary, Ridge Clearing and Outsourcing Solutions, Inc. Broadridge to Webcast Second Quarter Fiscal 2008 Earnings Release Conference Call on February 7, 2008 January 14, 2008 Broadridge Financial Solutions, Inc. is scheduled to release its financial results for the second fiscal quarter ended December 31, 2007, before the opening of the New York Stock Exchange on Thursday, February 7, 2008. www.broadridge.com/2009: Union Bank, N.A., Live on Broadridge's International Proxy Processing Services to Manage Its International Proxy Business December 15, 2009 Broadridge Financial Solutions, Inc. today announced that Union Bank, N.A., has commenced live operations on Broadridge's Global Proxy processing solution across its Institutional Trust & Custody Services group. Broadridge CEO to Present at JP Morgan’s SMid Cap Conference November 20, 2009 Broadridge Financial Solutions, Inc. today announced that Richard J. Daly, Chief Executive Officer, is scheduled to present at JP Morgan’s SMid Cap Conference on Wednesday, December 2, 2009, at 4:30pm ET, to be held at the JP Morgan Conference Center in New York City. View/download in PDF Broadridge Declares Dividend November 18, 2009 Broadridge Financial Solutions, Inc. announced today that its Board of Directors has declared a quarterly cash dividend of $0.14 per share. View/download in PDF Geneos Wealth Management Selects Broadridge’s Investigo® Data Model November 16, 2009 Broadridge Financial Solutions, Inc. today announced that Geneos Wealth Management has replaced its legacy data model with Broadridge’s Investigo Data Model (IDM). View/download in PDF Broadridge Ranked #1 Brokerage Process Outsourcing Services Provider in the Black Book of Outsourcing for Second Consecutive Year November 10, 2009 Broadridge Financial Solutions, Inc. has been ranked the #1 Brokerage Services Outsourcing Provider for the second year in a row in the Black Book of Outsourcing, an annual report published by Brown-Wilson Group, a Datamonitor company. View/download in PDF Broadridge Appoints Richard J. Haviland as Lead Director of Its Board of Directors November 9, 2009 Broadridge Financial Solutions, Inc. today announced the appointment of Richard J. Haviland as Lead Director of its Board of Directors effective immediately. View/download in PDF Broadridge Reports First Quarter Fiscal Year 2010 Results November 2, 2009 Broadridge Financial Solutions, Inc. a leading global provider of technology-based solutions to the financial services industry, today reported net revenues of $457.9 million, net earnings of $26.4 million, and fully-diluted earnings per share of $0.19 for the first quarter ended September 30, 2009. View/download in PDF Broadridge to Webcast First Quarter Fiscal Year 2010 Earnings Release October 22, 2009 Broadridge Financial Solutions, Inc. is scheduled to release its financial results for the first fiscal quarter ended September 30, 2009, before the opening of the New York Stock Exchange on Tuesday, November 3, 2009. View/download in PDF Broadridge's MBS Expert® Certified CCP Phase 3 Compliant by Fixed Income Clearing Corp. September 16 , 2009 Broadridge Financial Solutions, Inc. today announced that it has become the first service provider to be certified as fully-compliant by the Fixed Income Clearing Corporation (FICC), a subsidiary of The Depository Trust & Clearing Corporation (DTCC), for implementation of the FICC's new Central Counterparty services (CCP), scheduled to launch in the Fall of 2009. Broadridge CEO to Present at 2009 Bank of America Merrill Lynch Smid Cap Conference September 15 , 2009 Broadridge Financial Solutions, Inc. today announced that Richard J. Daly, Chief Executive Officer, is scheduled to present at the Bank of America Merrill Lynch Smid Cap Conference on Monday, September 21, 2009, at 1:40pm ET, to be held at the InterContinental Hotel in Boston. View/download in PDF Live Webcast Broadridge Announces Enhancements and New Customers For Its International SWIFT Service Bureau September 14 , 2009 Broadridge Financial Solutions, Inc. today announced a range of enhancements to its international SWIFT Service Bureau and commitments from new customers that have committed to use the service. View/download in PDF Broadridge Japan Appoints Hideyuki Takahashi as Sales Director September 9 , 2009 Broadridge Financial Solutions, Inc. today announced that as it has appointed Hideyuki Takahashi as sales director within its international division in Japan. View/download in PDF Broadridge and NewRiver Deliver Summary Prospectus Solutions to the Mutual Fund Industry September 9 , 2009 Broadridge Financial Solutions, Inc. and NewRiver today announced a comprehensive solution to the SEC’s newly-enacted summary prospectus rule that combines Broadridge’s best in class inventory, print, fulfillment and householding capabilities with NewRiver’s patented electronic database to create a unique and highly valuable service offering. View/download in PDF Broadridge and DeltaConcept Announce Strategic Alliance August 26, 2009 Broadridge Financial Solutions, Inc. today announced that it has formed an alliance with DeltaConcept sàrl. DeltaConcept, a global provider of integrated portfolio management solutions for financial institutions, and Broadridge have launched a Switzerland-based strategic alliance to offer a front-to-back integrated solution for private banks. View/download in PDF Broadridge Relocates Frankfurt Office to New Premises August 24, 2009 Broadridge Financial Solutions, Inc. today announced that its Frankfurt office has relocated to a new, enhanced facility in order to better meet the demands of its growing business. View/download in PDF Broadridge Reports Fourth Quarter And Fiscal Year 2009 Results August 11, 2009 Broadridge Financial Solutions, Inc., a leading global provider of technology-based solutions to the financial services industry, today reported financial results for fiscal year 2009 with earnings per share slightly above the mid-point of its previously-announced guidance range. View/download in PDF Broadridge To Webcast Fiscal Year 2009 Earnings Release Conference Call On August 11, 2009 July 17, 2009 Broadridge Financial Solutions, Inc. is scheduled to release its financial results for the fiscal year ended June 30, 2009, before the opening of the New York Stock Exchange on Tuesday, August 11, 2009. View/download in PDF Broadridge Launches Aspire® Suite of Applications for Enhanced Desktop Productivity July 16, 2009 Broadridge Financial Solutions, Inc., a leading global provider of technology-based outsourcing solutions, announced the launch of Aspire, its full suite of desktop productivity solutions for broker-dealers and investment advisors. View/download in PDF Maryjo Charbonnier Appointed Chief Human Resources Officer for Broadridge July 14, 2009 Broadridge Financial Solutions, Inc. announced today that Maryjo Charbonnier has been appointed Corporate Vice President and Chief Human Resources Officer for the company. View/download in PDF TheMuniCenter, LLC Goes Live on Broadridge's Brokerage Accounting Solution June 24, 2009 Broadridge Financial Solutions, Inc. announced today that TheMuniCenter, LLC (TMC), a leading electronic marketplace for fixed-income instruments, selected Broadridge to provide it with a suite of brokerage processing services. View/download in PDF Broadridge Enhances Global Reference Data Solution to Better Mitigate Risks June 22, 2009 Broadridge Financial Solutions, Inc. today announced the upgrade of its Global Reference Data Solution (GRDS). GRDS helps firms to reduce operational risk and downstream processing errors, while helping to minimize their overall data management expenditure. Broadridge Introduces Global Corporate Actions Solution June 22, 2009 Broadridge Financial Solutions, Inc., a leading global provider of technology-based outsourcing solutions to the financial services industry, announced the launch of its new Global Corporate Actions Solution (GCAS), a fully managed service that automates the entire corporate actions processing lifecycle. View/download in PDF Broadridge Announces the Latest Release of Gloss, Its International Securities Processing Platform June 16, 2009 Broadridge Financial Solutions, Inc. today announced the latest release of Gloss, its international securities processing platform. View/download in PDF CalSTRS Turns to Broadridge for Electronic Voting Proxy Services May 27, 2009 Broadridge Financial Solutions, Inc. today announced that the California State Teachers' Retirement System (CalSTRS) -- the nation's second-largest public pension fund and an advocate for good corporate governance -- has become the first institutional investor to pre-disclose their voting decisions through Broadridge's ProxyEdge® integrated vote recommendation service. View/download in PDF Broadridge Acquires Access Data Corp. May 21, 2009 Broadridge Financial Solutions, Inc., a leading global provider of technology solutions to the financial services industry, today announced the acquisition of Access Data Corp. (“Access Data”). View/download in PDF Broadridge Announces New Service Portal For Its International Shareholder Communication (ISC) Programme May 19, 2009 Broadridge Financial Solutions, Inc. today announced that it has introduced a robust online service portal to its International Shareholder Communications (ISC) Programme, which is designed to provide optimal vote output for participating corporate issuers or their agents for all shareholder meetings. View/download in PDF Broadridge Launches Shareholder Education Website May 12, 2009 Broadridge Financial Solutions, Inc. today announced the launch of a new shareholder education website (www.shareholdereducation.com) designed to provide retail shareholders with important information about the proxy voting process. Broadridge Reports Third Quarter Fiscal Year 2009 Results May 11, 2009 Broadridge Financial Solutions, Inc., a leading global provider of technology-based outsourcing solutions to the financial services industry, today reported net revenues of $481.2 million, net earnings of $40.9 million, and fully-diluted earnings per share of $0.29 for the third quarter ended March 31, 2009, which includes the benefit from a state tax credit of $7.3 million, or a $0.05 contribution to fully-diluted earnings per share. View/download in PDF Broadridge Declares Dividend April 29, 2009 Broadridge Financial Solutions, Inc. announced today that its Board of Directors has declared a quarterly cash dividend of $0.07 per share. View/download in PDF Broadridge Announces the Launch of New and Upgraded Solutions at SIFMA’s 2009 Operations Conference & Exhibit April 27, 2009 Broadridge Financial Solutions, Inc. today announced that it has introduced several new and upgraded solutions to the marketplace. View/download in PDF Broadridge to Webcast Third Quarter Fiscal 2009 Earnings Release Conference Call on May 11, 2009 April 17, 2009 Broadridge Financial Solutions, Inc. is scheduled to release its financial results for the third fiscal quarter ended March 31, 2009, before the opening of the New York Stock Exchange on Monday, May 11, 2009. View/download in PDF Broadridge Financial Solutions, Inc. Launches Online Investment Community Providing Legitimacy, Direct Access to Corporate Issuers and Expanded Value for Retail Investors April 15, 2009 Broadridge Financial Solutions, Inc. , a leading global provider of technology-based outsourcing solutions to the financial services industry, announced today that Firstrade is the first broker-dealer to integrate its brokerage website with The Investor Network (www.theinvestornetwork.com), an online community dedicated to serving investors. View/download in PDF Intel Corporation Turns to Broadridge for Virtual Annual Meeting Capability and Shareholder Forum April 8, 2009 Broadridge Financial Solutions, Inc., a leading global provider of technology-based outsourcing solutions, announced that Intel Corporation is the first corporation to use a number of Broadridge's new e-solutions aimed to meet Intel's goal of enhancing communications with its stockholders. View/download in PDF Broadridge and Beacon Announce Strategic Alliance to Address Liquidity Challenges in the Fixed-Income Market March 31, 2009 Broadridge Financial Solutions, Inc., a leading global provider of technology-based outsourcing solutions to the financial services industry, and Beacon Capital Strategies, Inc., which operates a marketplace dedicated to providing liquidity and electronic trading in the less-liquid fixed-income market, today announced a multi-year strategic alliance. View/download in PDF Broadridge Introduces a Fully Integrated Solution for the Japanese Securities Market March 23, 2009 Broadridge Financial Solutions, Inc. announced that its international service capability has been extended to include Japanese equities, convertible bonds and subscription rights processed by on-shore Japanese broker-dealer operations. View/download in PDF Broadridge Announces Strategic Alliance with Oracle Mantas to provide Industry Leading Web-Based Compliance Solution March 18, 2009 Broadridge Financial Solutions, Inc. (NYSE:BR) today announced a strategic alliance with Oracle Financial Services Software (Reuters: IFLX.BO & IFLX.NS) to offer a comprehensive best practices compliance solution for financial institutions using Oracle Mantas. View/download in PDF Broadridge Financial Solutions, Inc. and NewRiver, Inc. sign Agreement to Deliver Summary Prospectus Fulfillment Solution to Brokerage Industry March 16, 2009 The Investor Communication Solutions division of Broadridge Financial Solutions, Inc., a leading global provider of technology-based outsourcing solutions to the financial services industry, and NewRiver, Inc. – creators of the leading central repository of mutual fund documents and data for financial services firms – today announced an agreement, whereby Broadridge will exclusively offer NewRiver’s Prospectus Express and Virtual Document Warehouse products for pre-sales and first-dollar deliveries in the brokerage market. View/download in PDF Information Mosaic Signs Strategic Partnership Deal With Global Outsourcing Provider Broadridge Financial Solutions, Inc. March 16, 2009 Information Mosaic, the trusted provider of advanced custody, asset management and wealth management solutions that manage risk in the investor services industry, today signed a multi-year strategic partnership agreement with Broadridge Financial Solutions, Inc. a leading global provider of technology-based outsourcing solutions to the financial services industry. View/download in PDF Broadridge Reports Second Quarter Fiscal Year 2009 Results February 3, 2009 Broadridge Financial Solutions, Inc., a leading global provider of technology-based outsourcing solutions to the financial services industry, today reported net earnings of $29.9 million and diluted earnings per share of $0.21 for the second quarter ended December 31, 2008, compared to net earnings of $28.9 million and diluted earnings per share of $0.21 for the comparable quarter of the previous fiscal year. View/download in PDF Broadridge Declares Dividend January 26, 2009 Broadridge Financial Solutions, Inc. announced today that its Board of Directors has declared a quarterly cash dividend of $0.07 per share. View/download in PDF Broadridge to Webcast Second Quarter Fiscal 2009 Earnings Release Conference Call on February 3, 2009 January 20, 2009 Broadridge Financial Solutions, Inc. is scheduled to release its financial results for the second fiscal quarter ended December 31, 2008, before the opening of the New York Stock Exchange on Tuesday, February 3, 2009. View/download in PDF Instinet Europe Selects Broadridge Financial Solutions' Gloss January 14, 2009 Broadridge Financial Solutions, Inc. today announced that Instinet Europe Ltd, the European brokerage subsidiary of Instinet Incorporated, a global leader in electronic trading and agency-only brokerage services, has selected Broadridge's Gloss international securities processing solution. Manulife Securities Selects Broadridge’s Dataphile Solution Following Acquisition of Berkshire-TWC January 5, 2009 Broadridge Financial Solutions, Inc. today announced that Canadian broker-dealer, Manulife Securities Inc. (a division of Manulife Financial) has successfully implemented Broadridge’s Dataphile solution for over 1,500 advisors in both its securities and mutual funds business segments. View/download in PDF www.broadridge-ir.com/ne/2009.htm |
|
|
|
Post by sandi66 on Mar 31, 2010 21:20:59 GMT -5
Broadridge to Webcast Second Quarter Fiscal Year 2010 Earnings Release Conference Call on February 4, 2010 Contact: Investor Relations Marvin Sims Broadridge Financial Solutions, Inc. (516) 472-5477 LAKE SUCCESS, New York -- January 19, 2010 -- Broadridge Financial Solutions, Inc. (NYSE: BR) is scheduled to release its financial results for the second fiscal quarter ended December 31, 2009, before the opening of the New York Stock Exchange on Thursday, February 4, 2010. Broadridge will host a conference call at 8:30 a.m. ET on February 4, 2010, to discuss the results for the quarter. Richard J. Daly, Chief Executive Officer; Dan Sheldon, Chief Financial Officer; and Marvin Sims, Vice President of Investor Relations, will be participating on the call. Investors and interested participants are invited to listen to the conference call and view the accompanying slide presentation via live webcast. The webcast can be accessed through Broadridge's home page, www.broadridge.com, or Broadridge's Investor Relations home page, www.broadridge-ir.com. In addition, the slide presentation will be available to download and print approximately one hour before the webcast at Broadridge's Investor Relations home page. A replay of the webcast will be available for two weeks after the event and can be accessed in the same manner as the live webcast. About Broadridge Broadridge is a technology services company focused on global capital markets. Broadridge is the market leader enabling secure and accurate processing of information for communications and securities transactions among issuers, investors and financial intermediaries. Broadridge builds the infrastructure that underpins proxy services for over 90% of public companies and mutual funds in North America; processes more than $3 trillion in fixed-income and equity trades per day; and saves companies billions annually through its technology solutions. ### www.broadridge-ir.com/ne/br011910.htm |
|
|
|
Post by sandi66 on Mar 31, 2010 21:21:52 GMT -5
Broadridge Declares Dividend Contact: Investor Relations Marvin Sims Broadridge Financial Solutions, Inc. (516) 472-5477 LAKE SUCCESS, New York -- February 2, 2010 -- Broadridge Financial Solutions, Inc. (NYSE:BR) announced today that its Board of Directors has declared a quarterly cash dividend of $0.14 per share. The dividend is payable on April 1, 2010, to stockholders of record at the close of business on March 17, 2010. Broadridge is a technology services company focused on global capital markets. Broadridge is the market leader enabling secure and accurate processing of information for communications and securities transactions among issuers, investors and financial intermediaries. Broadridge builds the infrastructure that underpins proxy services for over 90% of public companies and mutual funds in North America; processes more than $3 trillion in fixed-income and equity trades per day; and saves companies billions annually through its technology solutions. For more information about Broadridge, please visit www.broadridge.com. ### www.broadridge-ir.com/ne/br020210.htm |
|
|
|
Post by sandi66 on Mar 31, 2010 21:22:33 GMT -5
BROADRIDGE REPORTS SECOND QUARTER FISCAL YEAR 2010 RESULTS Strong Second Quarter Financial Results Driven by Mutual Fund Proxy Activity Contact Information Investors: Marvin Sims Broadridge Financial Solutions, Inc. Vice President, Investor Relations (516) 472-5477 Lake Success, New York – February 4, 2010 – Broadridge Financial Solutions, Inc. (NYSE:BR), a technology services company focused on global capital markets, today reported revenues of $529.7 million, net earnings from continuing operations of $51.5 million and diluted earnings per share from continuing operations of $0.37 for the second fiscal quarter ended December 31, 2009. This compares with revenues of $437.5 million, net earnings from continuing operations of $30.0 million and diluted earnings per share from continuing operations of $0.21 for the comparable quarter of the previous fiscal year. Commenting on the results, Richard J. Daly, Chief Executive Officer, said, “I am pleased with the strong financial results for the quarter and especially our closed sales, which are up 30% for the quarter and 36% year-to-date.” Mr. Daly added, “Revenues for the quarter were up significantly, driven by an unprecedented level of event-driven mutual fund proxy revenues and related distribution revenues. We had planned for the event-driven mutual fund revenues to rebound, but they were stronger than anticipated and were a significant contributor to our revenue growth this quarter.” Financial Results for Second Quarter Fiscal Year 2010 It is anticipated that the previously announced Penson transaction will close in the second half of the 2010 fiscal year, subject to the satisfaction of customary closing conditions, including regulatory approvals. Beginning in the second quarter of the 2010 fiscal year, the financial results of the securities clearing business will be accounted for as a discontinued operation and the operations outsourcing solutions business retained by Broadridge will be aggregated into the Securities Processing Solutions segment. For the second quarter of fiscal year 2010, revenues from continuing operations increased 21% to $529.7 million compared to $437.5 million for the same period last year, primarily as a result of higher contributions from fee revenues of $59.7 million and higher distribution revenues of $32.5 million. Higher fee revenues were driven primarily by event-driven mutual fund proxy revenues. Pre-tax margins from continuing operations of 12.9% increased compared to 11.1% for the same period last year, as a result of higher margin revenue. Net earnings from continuing operations increased 72% to $51.5 million from $30.0 million for the same period last year, primarily due to higher revenues and a lower effective tax rate. Diluted earnings per share from continuing operations increased to $0.37 per share on lower weighted-average shares outstanding, compared to $0.21 per share for the same period last year. Our closed sales of $58.1 million for the quarter increased 30% above last year’s comparable quarter. During the second quarter of fiscal year 2010, the Company repurchased approximately 2.6 million shares of Broadridge common stock under its stock repurchase plan at an average price of approximately $22.62 per share. Financial Results for Year-to-Date Fiscal Year 2010 For the six months ended December 31, 2009, revenues from continuing operations increased 8% to $967.9 million compared to $893.0 million for the same period last year, primarily driven by higher contributions from fee revenues of $55.7 million and higher distribution revenues of $19.2 million. Pre-tax margins from continuing operations of 11.5% declined compared to 12.1% for the same period last year as a result of a one-time gain from the purchase of the senior notes in fiscal year 2009. Excluding this one-time gain, pre-tax margins would be up 0.4 percentage points. Net earnings from continuing operations increased 18% to $78.1 million from $66.1 million for the same period last year, primarily due to higher revenues and a lower effective tax rate. Diluted earnings per share from continuing operations increased to $0.56 per share on lower weighted-average shares outstanding, compared to $0.47 per share for the same period last year. Our closed sales of $88.1 million increased 36% above last year’s comparable period. During the first six months of fiscal year 2010, the Company repurchased approximately 6.1 million shares of Broadridge common stock under its stock repurchase plan at an average price of approximately $21.43 per share. Analysis of Second Quarter Fiscal Year 2010 Investor Communication Solutions Revenues for the Investor Communication Solutions segment in the second quarter of fiscal year 2010 increased 33% to $393.3 million compared to the second quarter of fiscal year 2009. The increase was driven primarily by higher event-driven mutual fund proxy revenues and related distribution revenues. Operating margin increased by 6.2 percentage points compared to the second quarter of fiscal year 2009, as a result of higher event-driven proxy activity. Securities Processing Solutions Revenues for the Securities Processing Solutions segment in the second quarter of fiscal year 2010 decreased 9% to $133.8 million compared to the second quarter of fiscal year 2009. The decrease was primarily related to the carryover impact of the previously announced client losses and price concessions and lower trade volumes in our equity and fixed income businesses, slightly offset by an increase in new business. Non-trade revenues and operations outsourcing revenues were essentially unchanged. Operating margin decreased 8.5 percentage points compared to the second quarter of fiscal year 2009, as a result of lower revenues. Other Revenues from Other in the second quarter of fiscal year 2010 increased $2.1 million compared to the second quarter of fiscal year 2009, reflecting primarily one-time termination fees. Pre-tax loss from continuing operations for Other was $6.8 million for the second quarter of fiscal year 2010, an improvement of $1.3 million, compared to the second quarter of fiscal year 2009. The improvement is primarily related to one-time termination fees. Fiscal Year 2010 Financial Guidance We anticipate our revenue growth from continuing operations to be in the range of 7% to 9%. Our GAAP earnings per share from continuing operations are expected to be in the range of $1.56 to $1.66 on a diluted share basis. Our non-GAAP earnings per share from continuing operations are expected to be in the range of $1.50 to $1.60 on a diluted share basis, which excludes a positive $0.06 per share impact of a one-time foreign tax credit. Our GAAP earnings per share are expected to be in the range of $1.40 to $1.50 on a diluted share basis, which includes a $0.16 loss on the pending sale of the securities clearing business. The earnings per share guidance is based on diluted weighted-average shares outstanding of approximately 139 million shares. In addition, our fiscal year 2010 financial guidance assumes that the Penson transaction closes during the second half of our 2010 fiscal year. We anticipate margins from continuing operations before interest and taxes in the range of 15.4% to 16.0% (non-GAAP). Our effective annual tax rate will be approximately 34.7% (GAAP) and approximately 36.7% (non-GAAP), excluding the one-time foreign tax credit of $0.06 per share. Free cash flow is expected to be in the range of $235 million to $270 million. Our closed sales forecast for fiscal year 2010 is expected to be in a range of $185 million to $205 million. Mr. Daly commented, “I am pleased with our second quarter financial results, our sales continue to be strong and our proven strong free cash flows continue as anticipated. These results should enable us to achieve our financial guidance for this fiscal year. As we move forward with our clear and executable strategy, we remain confident in Broadridge’s future to grow our business to the benefit of our shareholders, customers and associates.” Non-GAAP Measures In certain circumstances, results have been presented that are non-GAAP financial measures and should be viewed in addition to, and not as a substitute for, the Company’s measures of financial performance prepared in accordance with GAAP. Management believes that such non-GAAP measures, when presented in conjunction with comparable GAAP measures, provide investors with a more complete understanding of Broadridge’s underlying operational results. These non-GAAP measures are indicators that management uses to provide additional meaningful comparisons between current results and prior reported results, and as a basis for planning and forecasting for future periods. Accompanying this release is a reconciliation of non-GAAP measures to the comparable GAAP measures. Earnings Conference Call An analyst conference call will be held today, Thursday, February 4, at 8:30 a.m. ET. A live webcast of the call will be available to the public on a listen-only basis. To listen to the webcast and view the slide presentation, go to www.broadridge-ir.com and click on the webcast icon. The presentation will be available to download and print approximately 60 minutes before the webcast on the Broadridge Investor Relations home page at www.broadridge-ir.com. Broadridge's news releases, current financial information, SEC filings and Investor Relations presentations are accessible on the same website. About Broadridge Broadridge is a technology services company focused on global capital markets. Broadridge is the market leader enabling secure and accurate processing of information for communications and securities transactions among issuers, investors and financial intermediaries. Broadridge builds the infrastructure that underpins proxy services for over 90% of public companies and mutual funds in North America; processes more than $3 trillion in fixed-income and equity trades per day; and saves companies billions annually through its technology solutions. For more information about Broadridge, please visit www.broadridge.com. Forward-Looking Statements This press release and other written or oral statements made from time to time by representatives of Broadridge may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that are not historical in nature, such as our fiscal year 2010 financial guidance, and which may be identified by the use of words like “expects,” “assumes,” “projects,” “anticipates,” “estimates,” “we believe,” “could be” and other words of similar meaning, are forward-looking statements. These statements are based on management’s expectations and assumptions and are subject to risks and uncertainties that may cause actual results to differ materially from those expressed. These risks and uncertainties include those risk factors discussed in Part I, “Item 1A. Risk Factors” of our Annual Report on Form 10-K for the fiscal year ended June 30, 2009 (the “2009 Annual Report”), as they may be updated in any future reports filed with the Securities and Exchange Commission. Any forward-looking statements are qualified in their entirety by reference to the factors discussed in the 2009 Annual Report. These risks include: the success of Broadridge in retaining and selling additional services to its existing clients and in obtaining new clients; the pricing of Broadridge’s products and services; changes in laws affecting the investor communication services provided by Broadridge; changes in laws regulating registered securities clearing firms and broker-dealers; declines in trading volume, market prices, or the liquidity of the securities markets; any material breach of Broadridge security affecting its clients’ customer information; Broadridge’s ability to continue to obtain data center services from its former parent company, Automatic Data Processing, Inc. (“ADP”); any significant slowdown or failure of Broadridge’s systems; Broadridge’s failure to keep pace with changes in technology and demands of its clients; availability of skilled technical employees; the impact of new acquisitions and divestitures; competitive conditions; and overall market and economic conditions. Broadridge disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Broadridge Financial Solutions, Inc. Condensed Consolidated Statements of Earnings (In millions, except per share amounts) (Unaudited) Three Months Six Months Ended December 31, Ended December 31, ------------------ ------------------ 2009 2008 2009 2008 -------- -------- -------- -------- Revenues $ 529.7 $ 437.5 $ 967.9 $ 893.0 -------- -------- -------- -------- Cost of revenues 399.7 328.2 738.2 676.4 Selling, general and administrative expenses 58.4 62.0 111.8 115.7 Other (income) expenses, net 3.1 (1.4) 6.9 (6.9) -------- -------- -------- -------- Total expenses 461.2 388.8 856.9 785.2 -------- -------- -------- -------- Earnings from continuing operations before income taxes 68.5 48.7 111.0 107.8 Provision for income taxes 17.0 18.7 32.9 41.7 -------- -------- -------- -------- Net earnings from continuing operations 51.5 30.0 78.1 66.1 Loss from discontinued operations, net of tax benefit (17.9) (0.1) (18.1) (0.6) -------- -------- -------- -------- Net earnings $ 33.6 $ 29.9 $ 60.0 $ 65.5 ======== ======== ======== ======== Earnings per share: Basic earnings per share from continuing operations $ 0.38 $ 0.21 $ 0.57 $ 0.47 Basic loss per share from discontinued operations (0.13) -- (0.13) -- -------- -------- -------- -------- Basic earnings per share $ 0.25 $ 0.21 $ 0.44 $ 0.47 ======== ======== ======== ======== Diluted earnings per share from continuing operations $ 0.37 $ 0.21 $ 0.56 $ 0.47 Diluted loss per share from discontinued operations (0.13) -- (0.13) (0.01) -------- -------- -------- -------- Diluted earnings per share $ 0.24 $ 0.21 $ 0.43 $ 0.46 ======== ======== ======== ======== Weighted-average shares outstanding: Basic 135.7 140.2 136.9 140.3 Diluted 139.5 141.3 140.0 141.7 Dividends declared per common share $ 0.14 $ 0.07 $ 0.28 $ 0.14 Broadridge Financial Solutions, Inc. Condensed Consolidated Balance Sheets (In millions, except per share amounts) (Unaudited) December 31, June 30, 2009 2009 ------------ ------------ Assets Current assets: Cash and cash equivalents $ 147.1 $ 173.4 Accounts receivable, net of allowance for doubtful accounts of $1.3 and $2.3, respectively 314.6 381.0 Other current assets 87.8 83.2 Assets of discontinued operations 1,430.5 1,414.2 ------------ ------------ Total current assets 1,980.0 2,051.8 Property, plant and equipment, net 75.6 75.4 Other non-current assets 126.0 136.3 Goodwill 486.4 481.8 Intangible assets, net 27.7 29.4 ------------ ------------ Total assets $ 2,695.7 $ 2,774.7 ============ ============ Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 70.2 $ 72.0 Accrued expenses and other current liabilities 181.8 216.7 Deferred revenues 24.0 34.6 Liabilities of discontinued operations 1,144.4 1,106.6 ------------ ------------ Total current liabilities 1,420.4 1,429.9 Long-term debt 324.1 324.1 Other non-current liabilities 54.0 60.8 Deferred revenues 50.5 50.9 ------------ ------------ Total liabilities 1,849.0 1,865.7 ------------ ------------ Commitments and contingencies Stockholders' equity: Preferred stock: Authorized, 25.0 shares; issued and outstanding, none -- -- Common stock, $0.01 par value: Authorized, 650.0 shares; issued, 143.2 shares and 141.8 shares, respectively; outstanding, 134.6 and 139.3 shares, respectively 1.4 1.4 Additional paid-in capital 546.6 505.9 Retained earnings 454.4 432.3 Treasury stock--at cost, 8.6 and 2.5 shares, respectively (169.4) (37.5) Accumulated other comprehensive income 13.7 6.9 ------------ ------------ Total stockholders' equity 846.7 909.0 ------------ ------------ Total liabilities and stockholders' equity $ 2,695.7 $ 2,774.7 ============ ============ Broadridge Financial Solutions, Inc. Segment Results (In millions) (Unaudited) Revenues ------------------------------------------ Three Months Six Months Ended December 31, Ended December 31, -------------------- -------------------- 2009 2008 2009 2008 ---------- --------- --------- --------- Investor Communication Solutions $ 393.3 $ 295.5 $ 703.2 $ 609.3 Securities Processing Solutions 133.8 146.5 263.9 285.9 Other 2.2 0.1 2.2 0.4 Foreign currency exchange 0.4 (4.6) (1.4) (2.6) ---------- --------- --------- --------- Total $ 529.7 $ 437.5 $ 967.9 $ 893.0 ========== ========= ========= ========= Earnings (Loss) from Continuing Operations Before Income Taxes ------------------------------------------ Three Months Six Months Ended December 31, Ended December 31, -------------------- -------------------- 2009 2008 2009 2008 ---------- --------- --------- --------- Investor Communication Solutions $ 50.9 $ 19.8 $ 74.3 $ 43.1 Securities Processing Solutions 23.4 38.1 49.0 73.4 Other (6.8) (8.1) (13.4) (8.9) Foreign currency exchange 1.0 (1.1) 1.1 0.2 ---------- --------- --------- --------- Total $ 68.5 $ 48.7 $ 111.0 $ 107.8 ========= ========= ========= ========= Broadridge Financial Solutions, Inc. Reconciliation of Non-GAAP to GAAP Measures Earnings per Share and EBIT From Continuing Operations FY 2010 Guidance (In millions, except per share amounts) (Unaudited) Earnings per Share From Continuing Operations Non-GAAP to GAAP Reconciliation Low High -------- -------- Diluted EPS Before One-Time Items (Non-GAAP) $ 1.50 $ 1.60 Foreign Tax Credit - Tax Restructuring 0.06 0.06 -------- -------- Diluted EPS (GAAP) $ 1.56 $ 1.66 ======== ======== EBIT From Continuing Operations Non-GAAP to Earnings From Continuing Operations Before Income Taxes GAAP Reconciliation Low High ------- ------- EBIT From Continuing Operations (Non-GAAP) $ 341 $ 363 Margin % (Non-GAAP) 15.4% 16.0% Interest on Borrowings (11) (10) ------- ------- 0.5% 0.5% ------- ------- Earnings From Continuing Operations Before Income Taxes (GAAP) $ 330 $ 353 ======= ======= Margin % (GAAP) 14.9% 15.6% Broadridge Financial Solutions, Inc. Reconciliation of Non-GAAP to GAAP Measures Free Cash Flow Guidance (In millions) (Unaudited) FY10 Range Low High ------- ------- Net earnings from continuing operations (GAAP) $ 216 $ 230 Depreciation and amortization 60 62 Stock-based compensation expense 31 33 Other (5) (5) ------- ------- Subtotal 302 320 Working capital changes (12) (8) Long-term assets & liabilities changes 3 ------- ------- Net cash flow provided by continuing operating activities 290 315 Cash flows from investing activities Capital expenditures & purchase of intangibles (55) (45) ------- ------- Free cash flow (non-GAAP) $ 235 $ 270 ======= ======= ### www.broadridge-ir.com/ne/br210.htm |
|
|
|
Post by sandi66 on Mar 31, 2010 21:23:19 GMT -5
Broadridge CEO to Present at Credit Suisse 12th Annual Global Services Conference Richard J. Daly to Speak on February 23, 2010 Contact: Investor Relations Marvin Sims Broadridge Financial Solutions, Inc. (516) 472-5477 LAKE SUCCESS, New York -- February 5, 2010 -- Broadridge Financial Solutions, Inc. (NYSE: BR) today announced that Richard J. Daly, Chief Executive Officer, is scheduled to present at the Credit Suisse 12th Annual Global Services Conference on Tuesday, February 23, 2010, at 1pm MST (3pm ET), to be held at the Arizona Biltmore Resort & Spa in Phoenix, Arizona. Mr. Daly's presentation will be webcast live and will be available to download and print from the Broadridge Investor Relations home page, www.broadridge-ir.com. A replay of the webcast will be available for two weeks following the conference. About Broadridge Broadridge is a technology services company focused on global capital markets. Broadridge is the market leader enabling secure and accurate processing of information for communications and securities transactions among issuers, investors and financial intermediaries. Broadridge builds the infrastructure that underpins proxy services for over 90% of public companies and mutual funds in North America; processes more than $3 trillion in fixed-income and equity trades per day; and saves companies billions annually through its technology solutions. For more information about Broadridge, please visit www.broadridge.com. ### www.broadridge-ir.com/ne/br020510.htm |
|
|
|
Post by sandi66 on Mar 31, 2010 21:24:28 GMT -5
Broadridge Acquires StockTrans New Dimension of Service Offered as Broadridge Enters Stock Transfer Agency Business Media Contact: Edward Orgon The Torrenzano Group (212) 681-1700 Media Contact: Arlene Driscoll Broadridge Financial Solutions, Inc. (212) 981-1347 Investor Relations Contact: Rick Rodick Broadridge Financial Solutions, Inc. (201) 714-3423 Lake Success, New York -- March 9, 2010 -- Broadridge Financial Solutions, Inc. (NYSE: BR), a leading provider of technology services to public companies and the financial services industry, today announced the acquisition of StockTrans, a leading provider of registrar, stock transfer and record keeping services with over 35 years of experience in the stock transfer agency industry. The acquisition closed yesterday, March 8th. Broadridge's strategic acquisition of StockTrans is intended to better address the needs public companies have voiced for lower-cost, more reliable shareholder record maintenance and communication services. StockTrans and Broadridge share an uncompromising dedication to delivering extraordinary service, and together are focused on ways to further reduce corporate issuers' overall costs by aggressively applying technology to registrar and stock transfer processes. Broadridge and StockTrans are delivering these enhanced services in concert with shareholder communications and voting solutions to make the year-round management of these functions easier and more efficient for corporate issuers. "Acquiring StockTrans is a natural extension of the proxy and shareholder communication services that over 1,600 corporate issuers have chosen Broadridge to perform on their behalf. It also allows us to expand on the experience we have in record keeping services, processing corporate actions and escheatment," said Robert Schifellite, president of Broadridge's Investor Communication Solutions business. "This is an opportunity to apply our proven leading technologies to a broader set of solutions and support even more corporate issuers as they face increasing budget constraints and resource demands, all while increasing transparency through the entire process," Mr. Schifellite explained. He continued, "Broadridge will add value to the stock transfer process by establishing new standards for streamlined processing and communications by leveraging its established processes with over 800 bank and broker-dealer clients that coordinate the existing beneficial stockholder clearance and settlement system." StockTrans, with over 140 clients throughout the U.S. and around the globe, servicing approximately 60,000 shareholders, was founded in 1976. It will retain its function as a part of Broadridge's Investor Communication Solutions business. "The synergies between StockTrans and Broadridge enable a significantly more streamlined service offering for existing and prospective clients," said Jonathan Miller, president of StockTrans. "As part of Broadridge, our clients and employees benefit from the combined expertise and dedication of our organizations. This positions us to better anticipate and meet client needs in the rapidly changing transfer agency marketplace." Broadridge is leveraging StockTrans' proven service model and extending the same reliability, innovative thinking and cost efficiencies to the registrar and transfer agency business that it has to proxy and shareholder communications for more than two decades. Broadridge also introduces the highest level of data security to stock transfer services. Broadridge will soon utilize its ISO 27001 certified data centers to manage StockTrans' applications and data. ISO 27001 certification is the world's highest accreditation for information protection and security. Broadridge is one of only nine U.S. data processing services providers to the financial services industry that is ISO 27001 certified. About Broadridge Broadridge is a technology services company focused on global capital markets. It is the market leader enabling secure and accurate processing of information for communications and securities transactions among issuers, investors and financial intermediaries. Broadridge builds the infrastructure that underpins proxy services for over 90% of public companies and mutual funds in North America; processes more than $3 trillion in fixed-income and equity trades per day; and saves companies billions annually through its technology solutions. For more information about Broadridge, please visit www.broadridge.com. About StockTrans StockTrans is an industry leading stock transfer agent helping small and mid-cap companies around the world with their stock transfer and plan administration needs. For more than 37 years, StockTrans has stood out in the stock transfer industry with its unmatched customer service, experienced staff, affordable services and use of the latest technology. For more information, please visit www.stocktrans.com. Forward-Looking Statements This press release and other written or oral statements made from time to time by representatives of Broadridge may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that are not historical in nature, and which may be identified by the use of words like "expects," "assumes," "projects," "anticipates," "estimates," "we believe," "could be" and other words of similar meaning, are forward-looking statements. These statements are based on management's expectations and assumptions and are subject to risks and uncertainties that may cause actual results to differ materially from those expressed. These risks and uncertainties include those risk factors discussed in Part I, "Item 1A. Risk Factors" of our Annual Report on Form 10-K for the fiscal year ended June 30, 2009 (the "2009 Annual Report"), as they may be updated in any future reports filed with the Securities and Exchange Commission. Any forward-looking statements are qualified in their entirety by reference to the factors discussed in the 2009 Annual Report. These risks include: the success of Broadridge in retaining and selling additional services to its existing clients and in obtaining new clients; the pricing of Broadridge's products and services; changes in laws affecting the investor communication services provided by Broadridge; changes in laws regulating registered securities clearing firms and broker-dealers; declines in trading volume, market prices, or the liquidity of the securities markets; any material breach of Broadridge security affecting its clients' customer information; Broadridge's ability to continue to obtain data center services from its former parent company, Automatic Data Processing, Inc. ("ADP"); any significant slowdown or failure of Broadridge's systems; Broadridge's failure to keep pace with changes in technology and demands of its clients; availability of skilled technical employees; the impact of new acquisitions and divestitures; competitive conditions; and overall market and economic conditions. Broadridge disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. ### www.broadridge-ir.com/ne/br030910.htm |
|
|
|
Post by sandi66 on Mar 31, 2010 21:25:14 GMT -5
Edward Jones Selects Broadridge for Company-Wide Performance Reporting Aspire Performance Reporting Service Now Deployed for 12,000 Financial Advisors and Nearly Seven Million Clients Media Broadridge Financial Solutions, Inc. Arlene Driscoll, 212-981-1347 Arlene.Driscoll@broadridge.com The Torrenzano Group Edward Orgon, 212-681-1700 ed@torrenzano.com LAKE SUCCESS, New York -- March 11, 2010 -- Broadridge Financial Solutions, Inc. today announced that financial services firm Edward Jones has implemented Broadridge's Aspire® Performance Reporting service for its nearly seven million retail clients. More than 12,000 Edward Jones financial advisors can now use Broadridge's Aspire Performance Reporting to deliver premium performance reporting to all of their clients - perhaps the largest on-demand performance reporting solution in the industry. Norm Eaker, a principal at Edward Jones, said: "Now our 12,000-plus financial advisors are always ready when a client asks: 'How am I doing today?' Our financial advisors are thrilled with the high level of personal service they can offer to their clients. Broadridge's Aspire Performance Reporting service gave us a new and unique solution that made it technically and economically practical to take this step." Greg Johnson, an Edward Jones financial advisor from Tennessee adds: "Having a succinct and understandable performance report adds to our ability to meet client needs. It will allow me to provide much better service in the future!" "Edward Jones is one of the most highly-respected and nationally-recognized firms in our industry, and we're delighted to have them as the first client to take advantage of our new Aspire Performance Reporting service," said Charlie Marchesani, President, Securities Processing Solutions-US, Broadridge. "We built our Aspire Performance Reporting engine with the goal of providing the differentiating capability for our users to cost-effectively offer performance reporting to all their clients. We are very proud to have worked with Edward Jones to implement Aspire Performance consistent with this goal and to provide exceptional value to all their financial advisors and clients," Mr. Marchesani added. This deployment expands the extensive partnership between Broadridge and Edward Jones. Edward Jones also uses Broadridge's brokerage processing, tax-lot accounting, and other core processing services. Broadridge's Aspire Performance Reporting service was built to offer tremendous functionality and economic value to broker-dealers looking to extend or enhance a performance offering for all their customers. Aspire provides dramatically higher capacity than ever before available, at dramatically lower cost-per-account, with a full range of highly sophisticated analytical capabilities. The service provides daily performance returns - calculated by security, strategy, account, household, and composite -- for any user-selected period. The service: -- Offers time- and dollar-weighted calculations, net or gross of fees -- Supports standard and composite benchmarks and provides extensive performance analytics, including standard deviation, Sharpe Ratio, alpha and beta statistics -- Provides multi-currency/multi-strategy processing and reporting About Edward Jones Edward Jones provides financial services for individual investors in the United States and, through its affiliate, in Canada. Every aspect of the firm's business, from the types of investment options offered to the location of branch offices, is designed to cater to individual investors in the communities in which they live and work. The firm's 12,000-plus financial advisors work directly with nearly 7 million clients to understand their personal goals -- from college savings to retirement -- and create long-term investment solutions that emphasize a well-balanced portfolio and a buy-and-hold strategy. Edward Jones embraces the importance of building long-term, face-to-face relationships with clients, helping them to understand and make sense of the investment options available today. Edward Jones, which ranked No. 2 on FORTUNE magazine's "100 Best Companies to Work For 2009," is headquartered in St. Louis. The Edward Jones Web site is located at www.edwardjones.com, and its recruiting Web site is www.careers.edwardjones.com. Member SIPC. About Broadridge Broadridge is a technology services company focused on global capital markets. Broadridge is the market leader enabling secure and accurate processing of information for communications and securities transactions among issuers, investors and financial intermediaries. Broadridge builds the infrastructure that underpins proxy services for over 90% of public companies and mutual funds in North America, processes more than $3 trillion in fixed-income and equity trades per day, and saves companies billions annually through its technology solutions. For more information about Broadridge, please visit www.broadridge.com. ### www.broadridge-ir.com/ne/br031110.htm |
|
|
|
Post by sandi66 on Mar 31, 2010 21:27:51 GMT -5
Edward Jones Selects Broadridge for Company-Wide Performance Reporting Aspire Performance Reporting Service Now Deployed for 12,000 Financial Advisors and Nearly Seven Million Clients Media Broadridge Financial Solutions, Inc. Arlene Driscoll, 212-981-1347 Arlene.Driscoll@broadridge.com The Torrenzano Group Edward Orgon, 212-681-1700 ed@torrenzano.com LAKE SUCCESS, New York -- March 11, 2010 -- Broadridge Financial Solutions, Inc. today announced that financial services firm Edward Jones has implemented Broadridge's Aspire® Performance Reporting service for its nearly seven million retail clients. More than 12,000 Edward Jones financial advisors can now use Broadridge's Aspire Performance Reporting to deliver premium performance reporting to all of their clients - perhaps the largest on-demand performance reporting solution in the industry. Norm Eaker, a principal at Edward Jones, said: "Now our 12,000-plus financial advisors are always ready when a client asks: 'How am I doing today?' Our financial advisors are thrilled with the high level of personal service they can offer to their clients. Broadridge's Aspire Performance Reporting service gave us a new and unique solution that made it technically and economically practical to take this step." Greg Johnson, an Edward Jones financial advisor from Tennessee adds: "Having a succinct and understandable performance report adds to our ability to meet client needs. It will allow me to provide much better service in the future!" "Edward Jones is one of the most highly-respected and nationally-recognized firms in our industry, and we're delighted to have them as the first client to take advantage of our new Aspire Performance Reporting service," said Charlie Marchesani, President, Securities Processing Solutions-US, Broadridge. "We built our Aspire Performance Reporting engine with the goal of providing the differentiating capability for our users to cost-effectively offer performance reporting to all their clients. We are very proud to have worked with Edward Jones to implement Aspire Performance consistent with this goal and to provide exceptional value to all their financial advisors and clients," Mr. Marchesani added. This deployment expands the extensive partnership between Broadridge and Edward Jones. Edward Jones also uses Broadridge's brokerage processing, tax-lot accounting, and other core processing services. Broadridge's Aspire Performance Reporting service was built to offer tremendous functionality and economic value to broker-dealers looking to extend or enhance a performance offering for all their customers. Aspire provides dramatically higher capacity than ever before available, at dramatically lower cost-per-account, with a full range of highly sophisticated analytical capabilities. The service provides daily performance returns - calculated by security, strategy, account, household, and composite -- for any user-selected period. The service: -- Offers time- and dollar-weighted calculations, net or gross of fees -- Supports standard and composite benchmarks and provides extensive performance analytics, including standard deviation, Sharpe Ratio, alpha and beta statistics -- Provides multi-currency/multi-strategy processing and reporting About Edward Jones Edward Jones provides financial services for individual investors in the United States and, through its affiliate, in Canada. Every aspect of the firm's business, from the types of investment options offered to the location of branch offices, is designed to cater to individual investors in the communities in which they live and work. The firm's 12,000-plus financial advisors work directly with nearly 7 million clients to understand their personal goals -- from college savings to retirement -- and create long-term investment solutions that emphasize a well-balanced portfolio and a buy-and-hold strategy. Edward Jones embraces the importance of building long-term, face-to-face relationships with clients, helping them to understand and make sense of the investment options available today. Edward Jones, which ranked No. 2 on FORTUNE magazine's "100 Best Companies to Work For 2009," is headquartered in St. Louis. The Edward Jones Web site is located at www.edwardjones.com, and its recruiting Web site is www.careers.edwardjones.com. Member SIPC. About Broadridge Broadridge is a technology services company focused on global capital markets. Broadridge is the market leader enabling secure and accurate processing of information for communications and securities transactions among issuers, investors and financial intermediaries. Broadridge builds the infrastructure that underpins proxy services for over 90% of public companies and mutual funds in North America, processes more than $3 trillion in fixed-income and equity trades per day, and saves companies billions annually through its technology solutions. For more information about Broadridge, please visit www.broadridge.com. ### www.broadridge-ir.com/ne/br031110.htm |
|
|
|
Post by sandi66 on Mar 31, 2010 21:28:33 GMT -5
Broadridge Appoints New Vice President Of Investor Relations Contact Information Investors: Rick Rodick Broadridge Financial Solutions, Inc. Treasurer and Vice President Investor Relations (516) 472-5474 Rick.Rodick@broadridge.com Lake Success, New York – March 12, 2010 –Broadridge Financial Solutions, Inc. (NYSE:BR) today announced the appointment of Rick Rodick as its new vice president of investor relations. During his six years with the Company, Mr. Rodick has held numerous senior financial leadership roles, including that of Treasurer, a position he will continue to hold. This appointment becomes effective on March 15th. Rick Rodick will succeed Marvin Sims who was recently appointed a vice president of regulatory affairs supporting Broadridge’s Investor Communications business. Commenting on the appointments, Broadridge’s Chief Financial Officer Dan Sheldon said, “I am pleased to have Rick assume leadership of the investor relations function as we continue our commitment to provide a high level of transparency in our communications with the investment community. Rick has developed a strong knowledge of Broadridge’s business and its strategies, as well as a solid understanding of the capital markets during the last three years in his role as head of Treasury and working with Broadridge’s banks and credit rating agencies.” Mr. Sheldon added, “I would like to thank Marvin Sims for his efforts in successfully building and leading our investor relations function during a very challenging and unprecedented time in the financial markets. Since our spin-off from Automatic Data Processing, Inc. in April 2007, Marvin has been instrumental in creating and maintaining the necessary business communications infrastructure and transparency that has helped the investment community understand the Company’s business and services, as well as its strategies and industry position. I look forward to Marvin’s continued valuable contribution to the Company in his new role.” About Broadridge Broadridge is a technology services company focused on global capital markets. Broadridge is the market leader enabling secure and accurate processing of information for communications and securities transactions among issuers, investors and financial intermediaries. Broadridge builds the infrastructure that underpins proxy services for over 90% of public companies and mutual funds in North America; processes more than $3 trillion in fixed-income and equity trades per day; and saves companies billions annually through its technology solutions. For more information about Broadridge, please visit www.broadridge.com. ### www.broadridge-ir.com/ne/br031210.htm |
|
|
|
Post by sandi66 on Mar 31, 2010 21:56:06 GMT -5
“StockTrans is now a Broadridge Company, learn more” Welcome to StockTrans - One of the world's leading stock transfer agents and registrars. For more than 34 years, StockTrans has been an industry leading stock transfer agent, helping companies from around the world with their stock transfer and registrar needs. In all that time, we have never lost a client to dissatisfaction -- NEVER! We are proud of this unequalled record of achievement and we remain dedicated to providing our clients with superlative service. StockTrans provides a complete array of worry-free transfer and registrar services.. Our professional transfer agent staff will provide you with complete assistance with any corporate stock actions and guide you through any transfer of stock ownership. StockTrans vs. other Stock Transfer Agents In the stock transfer industry, StockTrans stands out. The biggest difference between us and our competitors is our uncompromising dedication to providing unmatched service. When you experience the way we fulfill all of the needs that you, your company and your shareholders have, you will understand what we mean when we say service is what matters most. Looking for the right Stock Transfer Agent? StockTrans has a Perfect Record! The proof of our dedication to service is illustrated by the fact that in our 34 plus years, StockTrans has never lost a client due to dissatisfaction! Having trouble reaching your stock transfer agent? It's always easy at StockTrans. Every time you call us, a real live human being will actually answer the phone in three rings or less! No more spending ten minutes winding through a voice mail system, just to leave a message for someone who isn't even there! Every member of StockTrans will know you and be able to assist you. Work with a Stock Transfer Agent that can actually save you money We do not have the overhead of the mega-transfer agents and we pass the savings on to you. The efficiency of our expert transfer agent staff can also save you thousands of dollars as we help you eliminate costly mistakes. Manage your Corporate Stock Transfers and Administer your Stock Option Plans with the the latest technology StockTrans has industry-leading technology and experienced professional stock transfer agents to help you administer stock options and keep up with the status of your Coporate Actions at any time. We have developed our web services with the end user in mind. 24 hours a day, seven days a week, access for you and your shareholders is just a mouse click away. www.stocktrans.com/Stock Transfer Agent and Registrar Services Issuer Services Download our Stock Transfer Brochure StockTrans offers the unique combination of highly personalized stock transfer agent service, decades of experience in the stock transfer business and industry leading technology. We pride ourselves on building a close, personal, and responsive relationship with each of our clients. Stock Transfer Financial Services offered by StockTrans: Account Maintenance Stock and Bond Transfers Lost Shareholder Searches and Escheatment Shareholder Correspondence OFAC and Patriot Act Scrubbing Shareholder Services Restricted Stock Transfers Our staff is not only expertly trained at their own specific duties, but they are also cross-trained to professionally handle others' responsibilities. You'll never have to worry that your "account rep" will be out to lunch, home sick or on vacation. Your company will be covered all day, every day. You just won't find this level of care at other stock transfer companies. Our clients also benefit from the latest technology. StockTrans has always been ahead of the technology curve, and today we offer financial services online that provide you and your shareholders with up to the minute data, reports and powerful online tools to enhance your stock transfer financial services and make stock option administration easy. Stock Transfer Agent Services & Corporate Actions In today’s ever changing, fast paced corporate landscape, issuers must be able to rely on their stock transfer agent to be able to tackle changes as they occur, often at lightning speed. Are you purchasing another company with existing shareholders? Are you interested in reducing your number of odd-lot shareholders in order to save money and increase efficiency? Are you planning to recapitalize with a stock split? StockTrans is ready! We are able to respond quickly and efficiently while providing superior stock transfer company. Our ability to turn around requests is unparalleled in the industry because we listen to your needs and respond accordingly. Our complete lack of red tape means that when you ask, we respond. How many companies can promise that kind of service and flexibility? StockTrans is pleased to offer a full array of Corporate and Dividend Services for our clients. We have extensive experience handling the largest transactions valued well over one billion dollars. Our stock transfer solutions provide personalized service coupled with the latest in automation and efficiency. Each transaction is assigned an experienced Account Manager and team who will work with you step by step to insure a prompt and seamless transaction. StockTrans has proven experience supporting the full range of corporate stock transfer and corporate action services, including: Exchange Agent Information Agent Escrow Agent Warrant Agent Stock Buy Backs Stock Splits Rights Offerings Writing Letters of Transmittal Our work begins as soon as you contact us. We will work with you, your counsel , and financial advisor, to prepare all shareholder documents to insure the maximum results. We can provide sample documents and provide document review consultation to present the most user-friendly documents to your shareholders. We also provide the interface with the Depository Trust Company and all your street holders to make sure they enjoy the same level of service and dedication Once your transaction is underway, our dedicated team provides you with the information and tools needed to ensure that your project is moving forward as promised and planned. StockTrans, Inc. can offer all the services you need to launch a successful corporate action. From printing and mailing services, accepting and processing shares, issuing checks and the subsequent tax forms to serving as information agent to keep everyone informed, StockTrans, Inc. puts the action in corporate action. Dividend Reinvestment and Direct Stock Purchase Plans Dividend Reinvestment Plans are offered by companies to their shareholders as a way to buy stock directly (usually through a transfer agent) in very small amounts to large amounts, and usually on a monthly basis if desired. The plans also reinvest all or partial dividends paid (it's up to the shareholder) into more stock, thus the name "Dividend Reinvestment Plan." DRIPs are an excellent option for investors wanting to invest in small amounts. To become eligible for a DRIP program, an investor usually needs to own at least one share of stock. DRIPs differ from Direct Purchase Plans (DPPs), however, as a DRIP requires an investor to already own a share prior to setting up the account (we will get into the details surrounding ownership a little later on) whereas a DPP allows investors to buy stock directly from the company, even prior to owning one share. www.stocktrans.com/Stock_transfer_agent_services.htmDataTrax Online Services Issuer Data Access Issuers may login with a secure number and password and access shareholder lists, stock transfer journals, and outstanding and shares authorized information. Please contact StockTrans at 610-649-7300 for password information. Please click here Shareholder Data Access Shareholder may logon to the secure system to view account information and make account changes. Please click here Vote Your Proxy! Shareholders may vote their proxy online. Please log on securely with the information provided on the proxy card. Refer to your proxy card for information and instructions or call StockTrans at 610-649-7300 for assistance Please click here. www.stocktrans.com/Stock_Transfer_online_services.htmAnnual Meeting Services There are countless items to deal with as your annual meeting approaches. You have many filings and deadlines to meet. We understand what it takes to have a successful annual meeting and we will help you every step of the way — before, during and after the event. We provide all of the annual meeting services listed and more. And every year we receive many “thank you!”'s from our “non-stressed ” clients. Let us make the process as smooth as possible. Proxy Solicitation When we call your shareholders, you know that we will treat them with the same care and respect that we always do. They know us so it won't be just another telemarketing call they hang up on from a large solicitor who does not know them or your company. We will make your shareholders feel appreciated and you will obtain a larger vote and a faster quorum. Online and Phone Voting Internet and telephone voting provide multiple benefits for you and your shareholders. First and foremost — they're easy to use! No more worrying about lost proxy cards, postal mishaps, or asking your shareholders to do too much work to vote. We keep it simple, and you look good to your shareholders by keeping up with the latest technology. Internet and phone voting totals continue to increase dramatically — they help you achieve a quorum, and bring in a larger tally. They also make it easier for you to get in last minute votes. Please contact us for the particulars, so that we can help make your meeting a success. Online Access to Voting Results We offer you and your management team 24 hour access to updated voting reports. You will know which shareholders voted, how they voted, when they voted and how many shares they voted. You will see the overall percentages of the vote at the push of the button, and have all the data you need to stay informed and on top of your company's vote! www.stocktrans.com/Stock_transfer_annual_meeting.htmEmployee Stock Option Plan Administration Stock Option Plan Administration and Software Whether you seek full administration or the ideal employee stock option software to help you administer one of your stock option plans, StockTrans has the answer. We have an experienced staff and a number of cutting-edge web-based tools to help you. We have developed unique and robust technology , including stock option software, for administering various stock plans. Our benefit plan administrators have years of experience administering stock options. No other employee stock option software offers the power, convenience and affordability of OptionTrax(TM). The program is very easy to use and provides all the data and reports you and your optionees will ever want or need. And it's at your fingertips, 24 hours a day, 365 days a year. Our stock plan administrators have the experience, the professionalism, and the technology to provide you with the right solution at the right time--every time. Employee Stock Purchase Plans When StockTrans manages an Employee Stock Purchase Plan,our administrators handle all aspects from setup to purchase to sale. It starts with recording all the cash contributions, the purchases of shares for the plan and it's participants, managing the new outstanding plan shares and voting the ESPP shares at proxy time. Companies offer Employee Stock Purchase Plans to employees to allow them the opportunity to share the success of the firm. A stock purchase plan enables employees to purchase their company's common stock, often at a discount from the market price. Employee stock options are perceived to be an effective employee retention and incentive tool. Stock purchase plans help employees think more like an owner, which aligns their interests with those of shareholders. Restricted Stock Plans A Restricted Stock Award Share is a grant of company stock in which the recipient's rights in the stock are restricted until the shares "vest" (also know as a "lapse in restrictions"). This period of restrictions is called a vesting period. Once the vesting requirements are met the employee will own the shares outright and may treat them as they would any other share of stock in their account. Ask StockTrans how we can help manage your restricted plan. www.stocktrans.com/stock_option_administration.htmContact Us Please contact us with any questions or comments about our stock transfer or services. Please include your name, address, phone, fax and e-mail address so that we can get back to you. Your requests or questions will be answered as soon as possible. StockTrans, Inc. Mailing Address 44 West Lancaster Ave Ardmore, PA 19003 610-649-7300 For information about our company please click here If you are interested in becoming a Stock Transfer Agent client please click here For Stock Option Plan Administration please click here If you are a Stock Transfer client and need information please click here or call 610-649-7300 If you are a shareholder please click here or call 610-649-7300 For technical support for DataTrax Web Services please click here Where it says "please click here", go to link below.... www.stocktrans.com/contact_us.htmlStockTrans Site Map Home Stock Transfer Agent Services Issuer Services Corporate Actions www.stocktrans.com/Stock_transfer_agent_services.htmOnline Services Issuer Data Access Investor Data Access Vote Your Proxy! www.stocktrans.com/Stock_Transfer_online_services.htmAnnual Meeting Services Proxy Solicitation Online and Phone Voting Online Access to Voting Results www.stocktrans.com/Stock_transfer_annual_meeting.htmStock Plan Services OptionTrax ESPP Restricted Stock Plans Dividend Reinvestment Plans www.stocktrans.com/stock_option_administration.htmFAQ www.stocktrans.com/FAQ.htmDownload Forms Form W-9 Affidavit of Domicile Gift of Shares Letter Stock Power www.stocktrans.com/forms.htmlContact Us www.stocktrans.com/contact_us.htmlwww.stocktrans.com/stocktrans_sitemap.htm
|
|
|
|
Post by sandi66 on Apr 1, 2010 11:11:39 GMT -5
Broadridge and IBM Team Up for Data Center Services Agreement and Business Alliance Broadridge Media Contact: Broadridge Financial Solutions, Inc. Arlene Driscoll (212) 981-1347 Arlene.Driscoll@broadridge.com The Torrenzano Group Edward Orgon (212) 681-1700 ed@torrenzano.com Broadridge Investor Relations Contact: Broadridge Financial Solutions, Inc. Rick Rodick (201) 714-3423 Rick.Rodick@broadridge.com IBM Media Contact: Tara Sucato IBM Media Relations (917) 472-3701 tjsucato@us.ibm.com LAKE SUCCESS, New York and ARMONK, New York-- April 1, 2010 -- Broadridge Financial Solutions, Inc. (NYSE: BR) and IBM (NYSE: IBM) today announced an information technology (IT) services agreement whereby IBM will provide Broadridge data center and information processing services. In addition to the IT services agreement, Broadridge and IBM have signed a business alliance agreement. Under the 10-year IT services agreement, IBM will provide all infrastructure services to Broadridge including data center, IT operations and network support. From enhanced information security controls to advanced replication and redundancy technology, IBM will manage the sophisticated IT requirements for Broadridge's range of financial markets clients, better positioning Broadridge for long term growth. Broadridge expects the migration of its data center processing to IBM to take approximately 18-24 months to complete. As a result of the business alliance agreement, Broadridge's clients in the U.S. and globally will immediately be able to leverage IBM's extensive suite of solutions which includesdata center support, business and technology consulting services, application development, as well as managed business processing, migration and integration services. The collaboration of Broadridge and IBM will enable clients to focus their resources on revenue-generating activities to compete more effectively in the marketplace, rather than supporting in-house transaction processing and technology infrastructures. "We are very excited to team with IBM, the premier data center services provider, to offer these strategic capabilities. We firmly believe that this agreement will empower Broadridge's clients with the ability to enhance their operations infrastructure and business models," said Richard J. Daly, Chief Executive Officer, Broadridge."The technological expertise and global footprint of both firms associated with our single-source solution is unrivaled in the marketplace today and will enable our clients to be competitive for years to come," Mr. Daly added. "This is a very exciting time to be working with a leading technology services provider in the financial markets industry," said Patrick Kerin, General Manager, IBM Global Technology Services. "The IT services we are providing Broadridge will help their clients to accelerate operations and focus on growth by providing them with a reliable IT infrastructure. The alliance brings together the strengths of both parties with Broadridge's deep industry knowledge and assets, and IBM's deep technical skills and advanced products." Both contracts were signed on March 31, 2010. About Broadridge Broadridge is a technology services company focused on global capital markets. Broadridge is the market leader enabling secure and accurate processing of information for communications and securities transactions among issuers, investors and financial intermediaries. Broadridge builds the infrastructure that underpins proxy services for over 90% of public companies and mutual funds in North America; processes more than $3 trillion in fixed-income and equity trades per day; and saves companies billions annually through its technology solutions. For more information about Broadridge, please visit www.broadridge.com. About IBM For more information, please visit www.ibm.com/services. Forward-Looking Statements This press release and other written or oral statements made from time to time by representatives of Broadridge may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that are not historical in nature, and which may be identified by the use of words like "expects," "assumes," "projects," "anticipates," "estimates," "we believe," "could be" and other words of similar meaning, are forward-looking statements. These statements are based on management's expectations and assumptions and are subject to risks and uncertainties that may cause actual results to differ materially from those expressed. These risks and uncertainties include those risk factors discussed in Part I, "Item 1A. Risk Factors" of our Annual Report on Form 10-K for the fiscal year ended June 30, 2009 (the "2009 Annual Report"), as they may be updated in any future reports filed with the Securities and Exchange Commission. Any forward-looking statements are qualified in their entirety by reference to the factors discussed in the 2009 Annual Report. These risks include: the success of Broadridge in retaining and selling additional services to its existing clients and in obtaining new clients; the pricing of Broadridge's products and services; changes in laws affecting the investor communication services provided by Broadridge; changes in laws regulating registered securities clearing firms and broker-dealers; declines in trading volume, market prices, or the liquidity of the securities markets; any material breach of Broadridge security affecting its clients' customer information; Broadridge's ability to continue to obtain data center services from its former parent company, Automatic Data Processing, Inc.("ADP"); any significant slowdown or failure of Broadridge's systems; Broadridge's failure to keep pace with changes in technology and demands of its clients; availability of skilled technical employees; the impact of new acquisitions and divestitures; competitive conditions; and overall market and economic conditions. Broadridge disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. ### |
|
|
|
Post by sandi66 on Apr 8, 2010 16:00:09 GMT -5
Broadridge Adds To Senior Management Depth Appoints Former H&R Block Retail Tax President and McKinsey Partner SVP and Chief Corporate Development Officer Media Contacts: Arlene Driscoll Broadridge Financial Solutions, Inc. +1 (212) 981-1347 Arlene.Driscoll@broadridge.com Ed Orgon The Torrenzano Group +1 (212) 681-1700, ext. 102 ed@torrenzano.com Lake Success, New York – April 5, 2010 – Broadridge Financial Solutions, Inc. (NYSE:BR) today announced that the former President of H&R Block’s Retail Tax Services, Timothy C. Gokey, has joined the company as Senior Vice President and Chief Corporate Development Officer. Mr. Gokey, 48, also a former McKinsey partner, will assist in driving Broadridge’s continued growth by identifying strategic growth opportunities that maximize Broadridge’s assets. He will also lead efforts to prioritize Broadridge’s high-value potential acquisitions and joint ventures. “With the extraordinary background Tim brings to our company, we anticipate he will materially add to – and accelerate – our continuing growth,” said Richard J. Daly, Chief Executive Officer, Broadridge. “Tim has a demonstrable record of success and his experience in leading H&R Block’s Retail Tax Business as well as co-founding the CRM practice at McKinsey, will further enhance our strong service reputation,” Mr. Daly explained. At H&R Block, where he had direct responsibility for $3.7 billion in revenue and over $900 million in pre-tax profit, Mr. Gokey directed company and franchise operations, international, financial products, and corporate marketing. During his five year tenure, he significantly improved both revenues and profitability while refocusing Block on its Tax Professionals. Among his accomplishments were reshaping H&R Block's field management team, building a new product pipeline, improving end-to-end client service, expanding Block’s distribution platform, and re-positioning the brand. “Joining Broadridge, which is both the market leader and on the move, is a perfect fit for my experience and goals,” Mr. Gokey said. “Broadridge has significant growth opportunities and I anticipate making significant contributions to that effort,” he added. Before joining H&R Block, Tim was a partner at McKinsey & Company. In his 15 years there, he led the firm's North American Financial Institutions Marketing and Sales practice. Earlier, he co-founded and led McKinsey's North American CRM practice. In both of these roles, he worked with leading financial services companies on a broad range of strategic and operational initiatives. Mr. Gokey holds a doctorate in finance and a combined bachelor’s and master’s degree in philosophy, politics, and economics from Oxford University, where he studied as a Rhodes Scholar. He completed his undergraduate degree in management engineering and public affairs from Princeton University, where he was Phi Beta Kappa. About Broadridge Broadridge is a technology services company focused on global capital markets. Broadridge is the market leader enabling secure and accurate processing of information for communications and securities transactions among issuers, investors and financial intermediaries. Broadridge builds the infrastructure that underpins proxy services for over 90% of public companies and mutual funds in North America; processes more than $3 trillion in fixed-income and equity trades per day; and saves companies billions annually through its technology solutions. Photos/Multimedia Gallery Available: www.businesswire.com/cgi-bin/mmg.cgi?eid=6238095&lang=en ### |
|
|
|
Post by sandi66 on May 4, 2010 11:22:27 GMT -5
Broadridge Financial Solutions Named #1 Best Large Company to Work For In New York Media Contact: The Torrenzano Group Ed Orgon +1 (212) 681-1700, ext. 102 ed@torrenzano.com Broadridge Media Contact: Broadridge Financial Solutions, Inc. Arlene Driscoll + 1 (212) 981-1347 Arlene.Driscoll@broadridge.com LAKE SUCCESS, New York -- May 4, 2010 -- Broadridge Financial Solutions, Inc. (NYSE:BR), a technology services company focused on the global capital markets, is the #1 “Best Large Company to Work For in New York State” according to new rankings issued by the “Best Companies to Work For in New York” 2010 state-wide survey and awards program. This is the third consecutive year Broadridge has been included on the “Best Companies to Work for in New York” list, ranking 13th in 2007-2008 and 6th in 2008-2009, respectively. Broadridge has three primary locations in New York: its headquarters in Lake Success; a major operations center in Edgewood; and an office in New York City. In total, Broadridge employs more than 5,000 associates worldwide, with nearly 2,000 associates in New York. The state-wide, multi-year initiative compiled by the New York State Society for Human Resource Management (NYS-SHRM) and the Best Companies Group identifies, recognizes, and honors the best places of employment in New York. The final list of 40 companies acknowledges the 25 best small-to-medium-sized companies (15-249 employees), and the 15 best large-sized companies (250 or more employees). Final rankings are based on employee surveys that assess a company’s workplace policies, practices, philosophy, systems, demographics, and measure overall employee experience. “Our vision at Broadridge to deliver extraordinary value to the financial services industry is the same philosophy we hold in regards to our associates. Our commitment to creating an optimal culture is certainly reflected in the superior service and dedication our associates deliver to clients and shareholders on a day-to-day basis,” said Maryjo Charbonnier, Chief Human Resources Officer, Broadridge. “To be considered among the Best Companies to Work For in New York State for the last two years is an honor, but to be recognized as the #1 Best Large Company this year is a particularly incredible achievement made possible by the energy, expertise and teamwork that shapes our global workplace and makes Broadridge an unparalleled leader in our industry,” stated Ms. Charbonnier. ”Broadridge continually evaluates the effectiveness of our people, their skills, their deployment and how we can improve on all measures. This creates a winning company and a winning attitude among our employees, at all levels,” Ms. Charbonnier explained. Broadridge is a recipient of a number of awards worldwide recognizing its workplace leadership. Most recently, Broadridge was awarded the 2010 Gallup Great Workplace Award, an award which recognizes the 25 most productive and engaged workforces in the world. Among its other honors, Broadridge is one of Canada’s Great Places to Work, according to the Great Place to Work® Institute Canada and is also recognized within India, receiving multiple honors including the Leading HR Practice Award by the Singapore HR Institute (SHRI), the Global HR Strategy Award from The Employer Branding Institute Award, and a Certificate of Excellence from the Smart Workplace Awards. In the U.K., Broadridge is designated as “One to Watch” by the Best Companies UK organization. For more information about the Best Companies to Work for in New York awards program, or to access a full list of 2010 winners, visit www.bestcompaniesNY.com. About Broadridge Broadridge is a technology services company focused on global capital markets. Broadridge is the market leader enabling secure and accurate processing of information for communications and securities transactions among issuers, investors and financial intermediaries. Broadridge builds the infrastructure that underpins proxy services for over 90% of public companies and mutual funds in North America; processes more than $3 trillion in fixed-income and equity trades per day; and saves companies billions annually through its technology solutions. ### |
|
|
|
Post by sandi66 on May 4, 2010 14:23:13 GMT -5
Broadridge Declares Dividend LAKE SUCCESS, NY--(Marketwire - May 4, 2010) - Broadridge Financial Solutions, Inc. (NYSE: BR) announced today that its Board of Directors has declared a quarterly cash dividend of $0.14 per share. The dividend is payable on July 1, 2010, to stockholders of record at the close of business on June 15, 2010. Broadridge is a technology services company focused on global capital markets. Broadridge is the market leader enabling secure and accurate processing of information for communications and securities transactions among issuers, investors and financial intermediaries. Broadridge builds the infrastructure that underpins proxy services for over 90% of public companies and mutual funds in North America; processes more than $3 trillion in fixed-income and equity trades per day; and saves companies billions annually through its technology solutions. For more information about Broadridge, please visit www.broadridge.com. Contact: Investor Relations: Rick Rodick Broadridge Financial Solutions, Inc. (516) 472-5474 www.marketwire.com/press-release/Broadridge-Declares-Dividend-NYSE-BR-1158769.htm |
|
|
|
Post by sandi66 on May 12, 2010 3:20:34 GMT -5
Broadridge CEO to Present at the 38th Annual J.P. Morgan Global Technology, Media and Telecom Conference Richard J. Daly to Speak on May 17, 2010 LAKE SUCCESS, NY--(Marketwire - May 11, 2010) - Broadridge Financial Solutions, Inc. (NYSE: BR) today announced that Richard J. Daly, Chief Executive Officer, is scheduled to present at the 38th Annual J.P. Morgan Global Technology, Media and Telecom Conference on Monday, May 17, 2010, at 3:10 pm ET, to be held at the Westin Boston Waterfront Hotel in Boston, MA. Mr. Daly's presentation will be webcast live and can be viewed on Broadridge's Investor Relations home page, www.broadridge-ir.com. A replay of the webcast will be available for two weeks following the conference. About Broadridge Broadridge is a technology services company focused on global capital markets. Broadridge is the market leader enabling secure and accurate processing of information for communications and securities transactions among issuers, investors and financial intermediaries. Broadridge builds the infrastructure that underpins proxy services for over 90% of public companies and mutual funds in North America; processes more than $3 trillion in fixed-income and equity trades per day; and saves companies billions annually through its technology solutions. For more information about Broadridge, please visit www.broadridge.com. Investor Relations: Rick Rodick Treasurer and VP, Investor Relations Broadridge Financial Solutions, Inc. (516) 472-5474 www.marketwire.com/press-release/Broadridge-CEO-Present-38th-Annual-JP-Morgan-Global-Technology-Media-Telecom-Conference-NYSE-BR-1258490.htm |
|
|
|
Post by sandi66 on Jun 28, 2010 23:43:00 GMT -5
Broadridge Closes Penson Transaction, Expands Outsourcing Business Contact Information Investors: Rick Rodick Broadridge Financial Solutions, Inc. Vice President, Investor Relations (516) 472-5474 Broadridge Media Contact: Arlene Driscoll Broadridge Financial Solutions, Inc. + 1 (212) 981-1347 Arlene.Driscoll@broadridge.com Media Contact: Ed Orgon The Torrenzano Group +1 (212) 681-1700, ext. 102 ed@torrenzano.com Lake Success, New York – June 28, 2010 – Broadridge Financial Solutions, Inc. (NYSE:BR) today announced the successful completion of the previously announced sale of the contracts of substantially all of the securities clearing clients of its subsidiary, Ridge Clearing & Outsourcing Solutions, Inc. (“Ridge”), to Penson Financial Services, Inc. (“PFSI”), a subsidiary of Penson Worldwide, Inc. (“PWI”) (NASDAQ:PNSN), for an aggregate purchase price of approximately $35.2 million. In addition, Broadridge announced the execution of an 11-year global outsourcing services contract to provide securities processing and back-office support services to PFSI. The outsourcing services contract includes operations support and turn-key processing services for the securities clearing client contracts acquired by PFSI from Broadridge as well as PFSI’s existing securities clearing clients. PFSI will utilize Broadridge’s technology platform and staff to service the acquired clients and PFSI expects to convert its existing clients to Broadridge’s platform during 2011. Broadridge expects the global outsourcing services contract to generate approximately $50 to $55 million in annual revenue when PFSI’s clients are fully converted onto Broadridge’s securities processing platform. With the closing of the sale, Broadridge exits the securities clearing business. As a result, it is expected that Broadridge will gain access to net cash estimated in the range of $210 to $240 million previously committed by Broadridge to the securities clearing business as regulatory capital. The purchase price paid to Broadridge consists of (i) a five-year subordinated note from PWI in the principal amount of approximately $20.6 million bearing interest at an annual rate of 6.0%, and (ii) approximately 2,455,627 shares of PWI’s common stock (representing approximately 9.5% of PWI’s outstanding common stock as of May 31, 2010), at Friday’s closing price of PWI’s common stock of $5.95 per share. The purchase price is subject to certain adjustments post-closing including adjustments to reflect certain recently signed correspondent clearing contracts. “This transaction is aligned with the strategic objectives of both Broadridge and Penson,” said Joseph Barra, President, Ridge Clearing & Outsourcing Solutions, Inc. “For Broadridge, this creates considerable momentum for our securities processing and outsourcing strategy, while Penson continues their long track record of success in growing their global clearing business,” he explained. In connection with the closing, the parties entered into agreements to revise certain terms of the original transaction agreements, including finalizing the list of correspondent contracts to be sold to PFSI, agreeing on certain terms of the contracts signed at closing, and deferring the delivery of certain agreements pending further discussions. About Broadridge Broadridge is a technology services company focused on global capital markets. Broadridge is the market leader enabling secure and accurate processing of information for communications and securities transactions among issuers, investors and financial intermediaries. Broadridge builds the infrastructure that underpins proxy services for over 90% of public companies and mutual funds in North America; processes more than $3 trillion in fixed-income and equity trades per day; and saves companies billions annually through its technology solutions. For more information about Broadridge, please visit www.broadridge.com . Forward-Looking Statements This press release and other written or oral statements made from time to time by representatives of Broadridge may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that are not historical in nature, such as our fiscal year 2010 financial guidance, and which may be identified by the use of words like “expects,” “assumes,” “projects,” “anticipates,” “estimates,” “we believe,” “could be” and other words of similar meaning, are forward-looking statements. These statements are based on management’s expectations and assumptions and are subject to risks and uncertainties that may cause actual results to differ materially from those expressed. These risks and uncertainties include those risk factors discussed in Part I, “Item 1A. Risk Factors” of our Annual Report on Form 10-K for the fiscal year ended June 30, 2009 (the “2009 Annual Report”), as they may be updated in any future reports filed with the Securities and Exchange Commission. Any forward-looking statements are qualified in their entirety by reference to the factors discussed in the 2009 Annual Report. These risks include: the success of Broadridge in retaining and selling additional services to its existing clients and in obtaining new clients; the pricing of Broadridge’s products and services; changes in laws affecting the investor communication services provided by Broadridge; changes in laws regulating registered securities clearing firms and broker-dealers; declines in trading volume, market prices, or the liquidity of the securities markets; any material breach of Broadridge security affecting its clients’ customer information; the failure of our outsourced data center services provider to provide the anticipated levels of service; any significant slowdown or failure of Broadridge’s systems; Broadridge’s failure to keep pace with changes in technology and demands of its clients; availability of skilled technical employees; the impact of new acquisitions and divestitures; competitive conditions; and overall market and economic conditions. Broadridge disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. ### |
|
|
|
Post by sandi66 on Jul 19, 2010 11:28:44 GMT -5
Broadridge’s Access Data Introduces New Market Intelligence Product for ETF Market Public Relations Firm of Record: Edward Orgon The Torrenzano Group +1 (212) 681-1700 eorgon@torrenzano.com Broadridge Media Contact: Arlene Driscoll Broadridge Financial Solutions, Inc. + 1 (212) 981-1347 Arlene.Driscoll@broadridge.com Lake Success, New York – July 19, 2010 – Broadridge Financial Solutions, Inc. (NYSE:BR) today announced that for the first time issuers of Exchange Trade Funds (ETF) are able to gain a solid understanding of how financial intermediaries are using ETF products through its Access Data SalesVision® Distribution Platform. The introduction of Market Intelligence, a new and unique module, provides ETF managers with previously unattainable levels of data transparency across all distribution channels. It combines this data with innovative analytic tools from Access Data SalesVision, including dashboards for asset flow changes, trend analysis and peer comparisons. SalesVision is an industry-leading enterprise reporting and data management platform used by asset management firms and financial intermediaries for more than ten years. “ETF managers are now able to assess their relative market position and view asset positions and flows across all distributors,” said Gerard Scavelli, President, Mutual Fund Solutions, Broadridge. “In the same way Access Data SalesVision provides transparency for mutual funds, it now offers ETF issuers the technology tools to effectively focus their sales and service resources,” he added. ETF providers can compare and contrast asset flows against similar products by investment category across all distribution channels, including independent broker dealers, registered investment advisory firms, retail supermarkets, retirement platforms, clearing firms and custodians. Distributor asset positions and flows are further broken down to local office locations with comparisons against industry flows. Market information includes such unique data as average account size by office location, market share for executing firms trading with financial supermarkets and market share by product categories. About Broadridge Broadridge (NYSE: BR) is a technology services company focused on global capital markets. Broadridge is the market leader enabling secure and accurate processing of information for communications and securities transactions among issuers, investors and financial intermediaries. Broadridge builds the infrastructure that underpins proxy services for over 90% of public companies and mutual funds in North America; processes more than $3 trillion in fixed-income and equity trades per day; and saves companies billions annually through its technology solutions. For more information about Broadridge, please visit www.broadridge.com. About Access Data Access Data Corp., a Broadridge Company, is a leader in enterprise data management, analysis and reporting for the financial services industry. Today over 50 leading asset management firms and financial intermediaries utilize Access Data’s proprietary technology and services to gain visibility into how sales and assets are generated and address a myriad of challenges in distribution, compensation management and compliance and risk management. Access Data’s flagship product, Access Data SalesVision® provides comprehensive storage and analysis solutions, delivering web-based reporting as Software as a Service. |
|
|
|
Post by sandi66 on Jul 22, 2010 14:54:58 GMT -5
BROADRIDGE TO WEBCAST FISCAL YEAR 2010 EARNINGS RELEASE CONFERENCE CALL ON AUGUST 12, 2010 Contact: Investor Relations: Rick Rodick Broadridge Financial Solutions, Inc. (516) 472-5474 rick.rodick@broadridge.com Lake Success, New York – July 22, 2010 – Broadridge Financial Solutions, Inc. (NYSE:BR) is scheduled to release its financial results for the fiscal quarter ended June 30, 2010, before the opening of the New York Stock Exchange on Thursday, August 12, 2010. Broadridge will host a conference call at 8:30 a.m. ET on August 12, 2010, to discuss the results for the quarter and the fiscal year. Richard J. Daly, Chief Executive Officer; Dan Sheldon, Chief Financial Officer; and Rick Rodick, Treasurer and Vice President of Investor Relations, will participate on the call. Investors and interested participants are invited to listen to the conference call and view the accompanying slide presentation via live webcast. The webcast can be accessed through Broadridge’s home page, www.broadridge.com, or Broadridge’s Investor Relations home page, www.broadridge-ir.com. In addition, the slide presentation will be available to download and print approximately one hour before the webcast from Broadridge’s Investor Relations home page. A replay of the webcast will be available for two weeks after the event and can be accessed in the same manner as the live webcast. About Broadridge Broadridge is a technology services company focused on global capital markets. Broadridge is the market leader enabling secure and accurate processing of information for communications and securities transactions among issuers, investors and financial intermediaries. Broadridge builds the infrastructure that underpins proxy services for over 90% of public companies and mutual funds in North America; processes more than $3 trillion in fixed-income and equity trades per day; and saves companies billions annually through its technology solutions. For more information about Broadridge, please visit www.broadridge.com. ### |
|
|
|
Post by sandi66 on Aug 17, 2010 11:52:44 GMT -5
Broadridge Declares Dividend Board Authorizes Increase in Dividend Amount LAKE SUCCESS, NY--(Marketwire - August 3, 2010) - Broadridge Financial Solutions, Inc. (NYSE: BR) announced today that its Board of Directors has declared a quarterly cash dividend of $0.15 per share. The dividend is payable on October 1, 2010, to stockholders of record at the close of business on September 15, 2010. The annual dividend amount was increased from $0.56 per share to $0.60 per share, an approximate 7% increase, subject to the discretion of the Board of Directors. About Broadridge Broadridge is a technology services Company focused on global capital markets. Broadridge is the market leader enabling secure and accurate processing of information for communications and securities transactions among issuers, investors and financial intermediaries. Broadridge builds the infrastructure that underpins proxy services for over 90% of public companies and mutual funds in North America; processes more than $3 trillion in fixed-income and equity trades per day; and saves companies billions annually through its technology solutions. For more information about Broadridge, please visit www.broadridge.com. Contact Information Investor Relations: Rick Rodick Broadridge Financial Solutions, Inc. Vice President, Investor Relations (516) 472-5474 www.marketwire.com/press-release/Broadridge-Declares-Dividend-NYSE-BR-1299511.htm |
|
|
|
Post by sandi66 on Aug 17, 2010 11:55:14 GMT -5
Broadridge Reports Fourth Quarter and Fiscal Year 2010 Results Board Authorizes an Additional 10 Million Share Repurchase; Provides Fiscal Year 2011 Guidance LAKE SUCCESS, NY--(Marketwire - August 12, 2010) - Broadridge Financial Solutions, Inc. (NYSE: BR) today reported financial results for the fourth quarter and fiscal year 2010 with earnings per share from continuing operations at the mid-point of its previously-announced guidance range. In addition, the Board of Directors has authorized the repurchase of up to an additional 10 million shares of Broadridge's outstanding common stock. For the fiscal year ended June 30, 2010, the Company reported revenues of $2,209.2 million, net earnings from continuing operations of $225.1 million, GAAP diluted earnings per share from continuing operations of $1.62, and Non-GAAP diluted earnings per share from continuing operations of $1.56. This compares with revenues of $2,073.0 million, net earnings from continuing operations of $223.1 million, GAAP diluted earnings per share from continuing operations of $1.58, and Non-GAAP diluted earnings per share from continuing operations of $1.51 for the previous fiscal year. Commenting on the results, Richard J. Daly, Chief Executive Officer, said, "I am satisfied with our overall results for fiscal year 2010 and, in particular, our ability to achieve these results during these challenging market conditions. I am also very pleased with our record closed sales which increased 26% over last year's results." Mr. Daly added, "Our significant increase in closed sales continues to demonstrate Broadridge's expanding indispensable role in our markets. Strong closed sales, a 98% client revenue retention rate and record event-driven mutual fund revenues would normally have resulted in very strong financial performance; however, the weaker market activity of this recession offset some of the benefits of our strong performance. Until individual investor participation in the securities markets returns to a consistently positive level, the value of our strong execution will be muted." Mr. Daly further added, "Beyond our closed sales results, I am very pleased with the execution of our strategies throughout the year. In the fourth quarter, we closed the Penson transaction and expanded our global reach with the acquisition of City Networks, Ltd; in the third quarter, we signed a data center services agreement and a business alliance agreement with IBM and entered the stock transfer agency business with the acquisition of StockTrans, Inc.; and in the second quarter, we signed an agreement to provide customer communication services to Morgan Stanley Smith Barney ("MSSB"). We anticipate that each of these opportunities will contribute to our future ability to grow revenues and earnings." Financial Results for Fourth Quarter Fiscal Year 2010 For the fourth quarter of fiscal year 2010, revenues from continuing operations increased 5% to $750.5 million, compared to $716.3 million for the comparable period last year. The results were primarily driven by the continued growth in event-driven mutual fund proxy revenues and increased transaction reporting revenues from the MSSB transaction. Pre-tax margin from continuing operations of 24.3% decreased compared to 25.6% in the same period last year as the contribution from higher fee revenues was offset by revenue mix and strategic initiatives including the MSSB transaction and acquisitions. Net earnings from continuing operations were $116.2 million compared to $115.8 million for the same period last year. Diluted earnings per share from continuing operations increased to $0.84 per share on lower weighted-average shares outstanding, compared to $0.82 per share in the fourth quarter of fiscal year 2009. During the fourth quarter of fiscal year 2010, the Company repurchased approximately 7.1 million shares of Broadridge common stock under its stock repurchase plans at an average price of approximately $19.48 per share. Beginning in the second quarter of the 2010 fiscal year, the financial results of the securities clearing business were accounted for as a discontinued operation and the results of the operations outsourcing solutions business retained by Broadridge have been included in the Securities Processing Solutions segment. Financial Results for Fiscal Year 2010 Closed sales were $175.0 million for the fiscal year ended June 30, 2010, a 26% increase compared to last year's results. The client revenue retention rate was 98% for fiscal year 2010. For the fiscal year ended June 30, 2010, revenues from continuing operations grew by 7% to $2,209.2 million, compared to $2,073.0 million in the previous fiscal year. The results were primarily driven by the growth in event-driven mutual fund proxies, new sales and acquisitions, which were partially offset by the prior year's client losses and price concessions as well as lower trade volumes in the Securities Processing Solutions segment. Pre-tax margin from continuing operations of 15.5% declined compared to 16.7% in the previous fiscal year primarily due to revenue mix and strategic initiatives. The margin decline also reflects the one-time gain of $8.4 million from the purchase of $125.0 million of our senior notes in fiscal year 2009. Net earnings from continuing operations increased 1% to $225.1 million from $223.1 million, primarily due to a lower effective tax rate driven by the one-time recognition of a deferred tax asset in the second quarter of this fiscal year, partially offset by a tax credit in the third quarter of the previous fiscal year. Diluted earnings per share from continuing operations increased to $1.62 per share from higher net earnings and lower weighted-average shares outstanding, compared to $1.58 per share in fiscal year 2009. During fiscal year 2010, the Company repurchased approximately 13.7 million shares of Broadridge common stock under its stock repurchase plans at an average price of approximately $20.43 per share. On June 30, 2010, there were approximately 6.3 million shares available for repurchase under the stock repurchase plan authorized by the Company's Board on June 7, 2010. Analysis of Fourth Quarter Fiscal Year 2010 Investor Communication Solutions Revenues for the Investor Communication Solutions segment in the fourth quarter of fiscal year 2010 increased 4% to $609.9 million compared to the fourth quarter of fiscal year 2009. The increase was driven primarily by event-driven mutual fund proxies, the MSSB transaction and acquisitions. Operating margin decreased by 1.4 percentage points compared to the fourth quarter of fiscal year 2009 as the contribution from higher fee revenues was offset by strategic initiatives including the MSSB transaction and increased investment spend on acquisitions. Securities Processing Solutions Revenues for the Securities Processing Solutions segment in the fourth quarter of fiscal year 2010 increased 1% to $138.4 million compared to the fourth quarter of fiscal year 2009. The increase was primarily related to new business, offset by the carryover impact of fiscal year 2009 client losses and price concessions. Operating margin decreased 2.2 percentage points compared to the fourth quarter of fiscal year 2009, as a result of revenue mix. Other Revenues from Other in the fourth quarter of fiscal year 2010 were unchanged from the fourth quarter of fiscal year 2009. Pre-tax loss from continuing operations for Other increased by $0.7 million compared to the fourth quarter of fiscal year 2009. Dividend Increase and Share Repurchase Plan As previously announced, on August 3, 2010, the Company's Board of Directors declared a quarterly dividend of $0.15 per share payable on October 1, 2010 to stockholders of record on September 15, 2010. The annual dividend amount was increased approximately 7% from $0.56 per share to $0.60 per share, subject to the discretion of the Board of Directors. In addition, on August 11, 2010, the Company's Board of Directors authorized the repurchase of up to an additional 10 million shares of Broadridge's common stock. The share repurchases will be made in the open market or privately negotiated transactions in compliance with applicable legal requirements and other factors. Fiscal Year 2011 Financial Guidance We anticipate revenue growth in the range of 1% to 4%, earnings before interest and taxes margin in the range of 14.8% to 15.2%, and diluted earnings per share from continuing operations in the range of $1.55 to $1.65, based on diluted weighted-average shares outstanding in the range of approximately 128 million to 130 million shares. We expect earnings to be lower in the first six months of fiscal year 2011, as a result of a previously-announced client loss, the implementation of the Penson outsourcing services agreement and the non-recurrence of two significant mutual fund proxy jobs. Free cash flow is expected to be in the range of approximately $170 million to $220 million which includes approximately $45 million in investment implementation costs in connection with the Penson outsourcing implementation and the IBM data center services agreement. Free cash flow is defined as cash flow from operating activities, less capital expenditures and intangibles. Closed sales are expected to be in the range of $160 million to $215 million. Our guidance does take into consideration share repurchases by the Company of approximately 2.5 million shares made between July 1, 2010 and July 27, 2010. Our guidance does not take into consideration the effect of any future acquisitions, additional debt or share repurchases in excess of the repurchases needed to be within our 128 million to 130 million weighted-average outstanding shares guidance. Mr. Daly commented, "I am very pleased with our ability to close sales and execute our strategies during these difficult market conditions and I anticipate that we will grow even faster once retail investors return to the markets. Irrespective of market conditions, we will continue to execute our strategies, drive new revenues and manage our cash with the intent of creating long-term shareholder value." Closing of Penson Transaction On June 25, 2010, the Company completed the sale of the contracts of substantially all of the securities clearing clients of our subsidiary, Ridge Clearing & Outsourcing Solutions, Inc., to Penson Financial Services, Inc. ("PFSI"), a subsidiary of Penson Worldwide, Inc., for an aggregate purchase price of $35.2 million. In addition, the Company announced the execution of an 11-year global outsourcing services contract to provide securities processing and back-office support services to PFSI. The Company expects the global outsourcing services contract to generate $50 to $55 million in annual revenue when PFSI's clients are fully converted onto the Company's securities processing platform. The Company has now commenced the wind down of its securities clearing business. As a result, Broadridge gained access to net cash of approximately $240 million previously committed by the Company to its securities clearing business as regulatory capital. Non-GAAP Measures In certain circumstances, results have been presented that are Non-GAAP measures and should be viewed in addition to, and not as a substitute for, the Company's reported results. Management believes such Non-GAAP measures provide investors with a more complete understanding of Broadridge's underlying operational results. These Non-GAAP measures are indicators that management uses to provide additional meaningful comparisons between current results and prior reported results, and as a basis for planning and forecasting for future periods. Accompanying this release is a reconciliation of Non-GAAP measures to the comparable GAAP measures. Earnings Conference Call An analyst conference call will be held today, Thursday, August 12, at 8:30 a.m. ET. A live webcast of the call will be available to the public on a listen-only basis. To listen to the webcast and view the slide presentation, go to www.broadridge-ir.com and click on the webcast icon. The presentation will be available to download and print approximately 30 minutes before the webcast on the Broadridge Investor Relations homepage at www.broadridge-ir.com. Broadridge's news releases, current financial information, SEC filings and Investor Relations presentations are accessible on the same website. About Broadridge Broadridge is a technology services company focused on global capital markets. Broadridge is the market leader enabling secure and accurate processing of information for communications and securities transactions among issuers, investors and financial intermediaries. Broadridge builds the infrastructure that underpins proxy services for over 90% of public companies and mutual funds in North America; processes more than $3 trillion in fixed income and equity trades per day; and saves companies billions annually through its technology solutions. For more information about Broadridge, please visit www.broadridge.com. Forward-Looking Statements This press release and other written or oral statements made from time to time by representatives of Broadridge may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that are not historical in nature, such as our fiscal year 2011 financial guidance, and which may be identified by the use of words like "expects," "assumes," "projects," "anticipates," "estimates," "we believe," "could be" and other words of similar meaning, are forward-looking statements. These statements are based on management's expectations and assumptions and are subject to risks and uncertainties that may cause actual results to differ materially from those expressed. These risks and uncertainties include those risk factors discussed in Part I, "Item 1A. Risk Factors" of our Annual Report on Form 10-K for the fiscal year ended June 30, 2010 (the "2010 Annual Report"), as they may be updated in any future reports filed with the Securities and Exchange Commission. Any forward-looking statements are qualified in their entirety by reference to the factors discussed in the 2010 Annual Report. These risks include: the success of Broadridge in retaining and selling additional services to its existing clients and in obtaining new clients; the pricing of Broadridge's products and services; changes in laws and regulations affecting the investor communication services provided by Broadridge; declines in participation and activity in the securities markets; overall market and economic conditions and their impact on the securities markets; any material breach of Broadridge security affecting its clients' customer information; the failure of Broadridge's outsourced data center services provider to provide the anticipated levels of service; any significant slowdown or failure of Broadridge's systems or error in the performance of Broadridge's services; Broadridge's failure to keep pace with changes in technology and demands of its clients; Broadridge's ability to attract and retain key personnel; the impact of new acquisitions and divestitures; and competitive conditions. Broadridge disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Broadridge Financial Solutions, Inc. Consolidated Statements of Earnings (In millions, except per share amounts) (Unaudited) Three Months Fiscal Year Ended June 30, Ended June 30, -------------------- -------------------- 2010 2009 2010 2009 --------- --------- --------- --------- Revenues $ 750.5 $ 716.3 $ 2,209.2 $ 2,073.0 --------- --------- --------- --------- Cost of revenues 497.3 476.4 1,616.4 1,510.1 Selling, general and administrative expenses 69.8 48.5 241.6 212.9 Other expenses, net 0.7 7.7 9.1 4.0 --------- --------- --------- --------- Total expenses 567.8 532.6 1,867.1 1,727.0 --------- --------- --------- --------- Earnings from continuing operations before income taxes 182.7 183.7 342.1 346.0 Provision for income taxes 66.5 67.9 117.0 122.9 --------- --------- --------- --------- Net earnings from continuing operations 116.2 115.8 225.1 223.1 Earnings (loss) from discontinued operations, net of tax benefit (expense) (11.1) 1.1 (35.1) 0.2 --------- --------- --------- --------- Net earnings $ 105.1 $ 116.9 $ 190.0 $ 223.3 ========= ========= ========= ========= Basic earnings per share: Basic earnings per share from continuing operations $ 0.86 $ 0.83 $ 1.66 $ 1.60 Basic earnings (loss) per share from discontinued operations (0.08) 0.01 (0.26) -- --------- --------- --------- --------- Basic earnings per share $ 0.78 $ 0.84 $ 1.40 $ 1.60 ========= ========= ========= ========= Diluted earnings per share: Diluted earnings per share from continuing operations $ 0.84 $ 0.82 $ 1.62 $ 1.58 Diluted earnings (loss) per share from discontinued operations (0.08) 0.01 (0.25) -- --------- --------- --------- --------- Diluted earnings per share $ 0.76 $ 0.83 $ 1.37 $ 1.58 ========= ========= ========= ========= Weighted-average shares outstanding: Basic 134.8 139.9 135.9 140.0 Diluted 137.6 141.5 139.1 141.6 Dividends declared per common share $ 0.14 $ 0.07 $ 0.56 $ 0.28 Broadridge Financial Solutions, Inc. Consolidated Balance Sheets (In millions, except per share amounts) (Audited) June 30, June 30, 2010 2009 --------- --------- Assets Current assets: Cash and cash equivalents $ 412.6 $ 173.4 Accounts receivable, net of allowance for doubtful accounts of $2.0 and $2.3, respectively 354.3 381.0 Other current assets 101.7 83.2 Assets of discontinued operations 123.8 1,414.2 --------- --------- Total current assets 992.4 2,051.8 Property, plant and equipment, net 87.4 75.4 Other non-current assets 159.0 136.3 Goodwill 509.5 481.8 Intangible assets, net 46.1 29.4 --------- --------- Total assets $ 1,794.4 $ 2,774.7 ========= ========= Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 91.3 $ 72.0 Accrued expenses and other current liabilities 261.2 216.7 Deferred revenues 34.8 34.6 Liabilities of discontinued operations 99.1 1,106.6 --------- --------- Total current liabilities 486.4 1,429.9 Long-term debt 324.1 324.1 Deferred taxes 56.2 23.2 Other non-current liabilities 72.8 37.6 Deferred revenues 47.8 50.9 --------- --------- Total liabilities 987.3 1,865.7 --------- --------- Commitments and contingencies Stockholders' equity: Preferred stock: Authorized, 25.0 shares; issued and outstanding, none -- -- Common stock, $0.01 par value: Authorized, 650.0 shares; issued, 145.9 shares and 141.8 shares at June 30, 2010 and 2009, respectively; outstanding, 129.2 and 139.3 shares at June 30, 2010 and 2009, respectively 1.5 1.4 Additional paid-in capital 587.8 505.9 Retained earnings 546.9 432.3 Treasury stock -- at cost, 16.7 and 2.5 shares, respectively (327.7) (37.5) Accumulated other comprehensive income (loss) (1.4) 6.9 --------- --------- Total stockholders' equity 807.1 909.0 --------- --------- Total liabilities and stockholders' equity $ 1,794.4 $ 2,774.7 ========= ========= Broadridge Financial Solutions, Inc. Segment Results (In millions) (Unaudited) Revenues ------------------------------------------ Three Months Fiscal Year Ended June 30, Ended June 30, -------------------- -------------------- 2010 2009 2010 2009 --------- --------- --------- --------- Investor Communication Solutions $ 609.9 $ 587.0 $ 1,669.6 $ 1,531.0 Securities Processing Solutions 138.4 136.7 535.9 558.9 Other 0.1 0.2 2.4 1.5 Foreign currency exchange 2.1 (7.6) 1.3 (18.4) --------- --------- --------- --------- Total $ 750.5 $ 716.3 $ 2,209.2 $ 2,073.0 ========= ========= ========= ========= Earnings (Loss) from Continuing Operations before Income Taxes ------------------------------------------ Three Months Fiscal Year Ended June 30, Ended June 30, -------------------- -------------------- 2010 2009 2010 2009 --------- --------- --------- --------- Investor Communication Solutions $ 170.5 $ 172.5 $ 272.8 $ 248.9 Securities Processing Solutions 25.8 28.4 99.3 133.8 Other (15.7) (15.0) (34.1) (32.5) Foreign currency exchange 2.1 (2.2) 4.1 (4.2) --------- --------- --------- --------- Total $ 182.7 $ 183.7 $ 342.1 $ 346.0 ========= ========= ========= ========= Broadridge Financial Solutions, Inc. Reconciliation of Non-GAAP to GAAP Measures Diluted Earnings Per Share from Continuing Operations Unaudited Earnings Per Share From Continuing Operations FY10 FY09 Non-GAAP to GAAP Reconciliation Actual Actual --------- --------- Diluted EPS From Continuing Operations (Non-GAAP) $ 1.56 $ 1.51 One-time recognition of a deferred tax asset 0.06 - One-times: Bond gain and State tax credit - 0.07 --------- --------- Diluted EPS From Continuing Operations (GAAP) $ 1.62 $ 1.58 ========= ========= Broadridge Financial Solutions, Inc. Reconciliation of Non-GAAP to GAAP Measures Free Cash Flow Guidance (In millions) (Unaudited) FY11 Range -------------------- Low High --------- --------- Earnings (GAAP) $ 201 $ 212 Depreciation and amortization 65 75 Stock-based compensation expense 30 30 Other (5) 5 --------- --------- Subtotal 291 322 Working capital changes (30) (25) Long-term assets & liabilities changes (30) (20) --------- --------- Net cash flow provided by operating activities 231 277 Cash Flows From Investing Activities IBM/ITO data center investment (20) (15) Capital expenditures & intangibles (45) (40) --------- --------- Free cash flow (Non-GAAP) $ 166 $ 222 ========= ========= Contact Information Investors: Rick Rodick Broadridge Financial Solutions, Inc. Vice President, Investor Relations (516) 472-5474 www.marketwire.com/press-release/Broadridge-Reports-Fourth-Quarter-and-Fiscal-Year-2010-Results-NYSE-BR-1303711.htm |
|
|
|
Post by sandi66 on Aug 17, 2010 11:56:13 GMT -5
Broadridge Signs Agreement to Acquire NewRiver, Inc., a Leading Innovator in Electronic Investor Disclosure LAKE SUCCESS, NY--(Marketwire - August 17, 2010) - Broadridge Financial Solutions, Inc. (NYSE: BR) announced today that it has signed an agreement to acquire NewRiver, Inc., a leader in electronic investor disclosure solutions, for approximately $77 million. The merger agreement, which was signed last night, has been approved by the Boards of Directors of both companies, and the transaction is expected to close in August subject to customary closing conditions. The acquisition is expected to be accretive to Broadridge's earnings per share in fiscal year 2011. NewRiver, founded in 1995, pioneered the first electronic prospectus. Its regulatory disclosure communication solutions allow customers to reduce their compliance risk and lower their costs. Its clients include some of the industry's leading mutual funds, variable annuity insurers, retirement plan administrators and brokerage firms. NewRiver is a leader in helping clients transition from paper to electronic disclosure and has been an important supplier to Broadridge for nearly 10 years. The acquisition accelerates Broadridge's overall e-strategy while strengthening its industry-leading compliance communication capabilities. "Combining the best-of-breed compliance communication tools and technology of our two organizations will enable us to provide a broader and deeper set of compliance communication solutions for our brokerage, mutual fund, and annuity and retirement plan administrator clients," explained Robert Schifellite, President, Investor Communication Solutions, Broadridge. He continued, "At the same time, NewRiver's capabilities will enable us to help our clients continue the transition toward electronic document delivery and access a richer set of electronic solutions." Broadridge and NewRiver share a common belief that accurate data and documents are the cornerstone of an educated investor. Broadridge's integrated e-delivery and hard copy fulfillment capabilities, combined with NewRiver's database of content and its FundPOINT® compliance and productivity tool, will assist financial institutions in meeting their compliance and oversight requirements. "Broadridge's acquisition of NewRiver is a natural strategic fit, as evidenced by the success of the joint solution we extended the industry last year in response to the SEC's Summary Prospectus rule," said Russell Planitzer, NewRiver's Chief Executive Officer. "More importantly, our combined creative thinking and expertise brings new levels of sophistication and innovation to electronic disclosure," he said. NewRiver's associates, located in Andover, Massachusetts and New Delhi, India, will become part of Broadridge's Investor Communication Solutions division. Raymond James & Associates acted as financial advisor to NewRiver in the transaction. About Broadridge Broadridge is a technology services company focused on global capital markets. Broadridge is the market leader enabling secure and accurate processing of information for communications and securities transactions among issuers, investors and financial intermediaries. Broadridge builds the infrastructure that underpins proxy services for over 90% of public companies and mutual funds in North America; processes more than $3 trillion in fixed income and equity trades per day; and saves companies billions annually through its technology solutions. For more information about Broadridge, please visit www.broadridge.com. Forward-Looking Statements This press release and other written or oral statements made from time to time by representatives of Broadridge may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that are not historical in nature, such as our fiscal year 2011 financial guidance, and which may be identified by the use of words like "expects," "assumes," "projects," "anticipates," "estimates," "we believe," "could be" and other words of similar meaning, are forward-looking statements. These statements are based on management's expectations and assumptions and are subject to risks and uncertainties that may cause actual results to differ materially from those expressed. These risks and uncertainties include those risk factors discussed in Part I, "Item 1A. Risk Factors" of our Annual Report on Form 10-K for the fiscal year ended June 30, 2010 (the "2010 Annual Report"), as they may be updated in any future reports filed with the Securities and Exchange Commission. Any forward-looking statements are qualified in their entirety by reference to the factors discussed in the 2010 Annual Report. These risks include: the success of Broadridge in retaining and selling additional services to its existing clients and in obtaining new clients; the pricing of Broadridge's products and services; changes in laws and regulations affecting the investor communication services provided by Broadridge; declines in participation and activity in the securities markets; overall market and economic conditions and their impact on the securities markets; any material breach of Broadridge security affecting its clients' customer information; the failure of Broadridge's outsourced data center services provider to provide the anticipated levels of service; any significant slowdown or failure of Broadridge's systems or error in the performance of Broadridge's services; Broadridge's failure to keep pace with changes in technology and demands of its clients; Broadridge's ability to attract and retain key personnel; the impact of new acquisitions and divestitures; and competitive conditions. Broadridge disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Contact Information Broadridge Investors: Rick Rodick Broadridge Financial Solutions, Inc. Vice President, Investor Relations (516) 472-5474 Broadridge Media Contacts: Ed Orgon The Torrenzano Group +1 (212) 681-1700, ext. 102 Email Contact Arlene Driscoll Broadridge Financial Solutions, Inc. + 1 (212) 981-1347 Email Contact www.marketwire.com/press-release/Broadridge-Signs-Agreement-Acquire-NewRiver-Inc-Leading-Innovator-Electronic-Investor-NYSE-BR-1305512.htm |
|
|
|
Post by sandi66 on Aug 25, 2010 12:59:33 GMT -5
Broadridge Completes Acquisition of NewRiver, Inc., a Leading Innovator in Electronic Investor Disclosure Contact Information Broadridge Investors: Rick Rodick Broadridge Financial Solutions, Inc. Vice President, Investor Relations (516) 472-5474 Broadridge Media Contacts: Ed Orgon The Torrenzano Group +1 (212) 681-1700, ext. 102 ed@torrenzano.com Arlene Driscoll Broadridge Financial Solutions, Inc. + 1 (212) 981-1347 Arlene.Driscoll@broadridge.com Lake Success, New York – August 25, 2010 – Broadridge Financial Solutions, Inc. (NYSE:BR) today announced the closing of its acquisition of NewRiver, Inc., a leader in electronic investor disclosure solutions that has been an important supplier to Broadridge for nearly a decade. This acquisition will strengthen its capabilities as the industry leader in compliance communications and intelligent document fulfillment. NewRiver’s data warehouse of regulatory disclosure documents and productivity tools will enable Broadridge to offer additional solutions to its brokerage, mutual fund, variable annuity and retirement plan clients. Furthermore, the integration of additional data and technology accelerates Broadridge's overall e-strategy with a broader set of solutions to assist its clients in the transition from paper to electronic document delivery. With the goal of delivering increased value to its clients, Broadridge will begin immediately integrating NewRiver’s business into its organization. About Broadridge Broadridge is a technology services company focused on global capital markets. Broadridge is the market leader enabling secure and accurate processing of information for communications and securities transactions among issuers, investors and financial intermediaries. Broadridge builds the infrastructure that underpins proxy services for over 90% of public companies and mutual funds in North America; processes more than $3 trillion in fixed income and equity trades per day; and saves companies billions annually through its technology solutions. For more information about Broadridge, please visit www.broadridge.com . Forward-Looking Statements This press release and other written or oral statements made from time to time by representatives of Broadridge may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that are not historical in nature, such as our fiscal year 2011 financial guidance, and which may be identified by the use of words like “expects,” “assumes,” “projects,” “anticipates,” “estimates,” “we believe,” “could be” and other words of similar meaning, are forward-looking statements. These statements are based on management’s expectations and assumptions and are subject to risks and uncertainties that may cause actual results to differ materially from those expressed. These risks and uncertainties include those risk factors discussed in Part I, “Item 1A. Risk Factors” of our Annual Report on Form 10-K for the fiscal year ended June 30, 2010 (the “2010 Annual Report”), as they may be updated in any future reports filed with the Securities and Exchange Commission. Any forward-looking statements are qualified in their entirety by reference to the factors discussed in the 2010 Annual Report. These risks include: the success of Broadridge in retaining and selling additional services to its existing clients and in obtaining new clients; the pricing of Broadridge’s products and services; changes in laws and regulations affecting the investor communication services provided by Broadridge; declines in participation and activity in the securities markets; overall market and economic conditions and their impact on the securities markets; any material breach of Broadridge security affecting its clients’ customer information; the failure of Broadridge’s outsourced data center services provider to provide the anticipated levels of service; any significant slowdown or failure of Broadridge’s systems or error in the performance of Broadridge’s services; Broadridge’s failure to keep pace with changes in technology and demands of its clients; Broadridge’s ability to attract and retain key personnel; the impact of new acquisitions and divestitures; and competitive conditions. Broadridge disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. ### |
|
|
|
Post by sandi66 on Aug 31, 2010 11:27:10 GMT -5
Broadridge Announces Extension of Gloss Solution’s International Multi-Asset Processing Capabilities Media: The Torrenzano Group Ed Orgon 212-681-1700 ed@torrenzano.com Broadridge Financial Solutions, Ltd. Mike West +44 (0)20 7551 3224 Vice President, International Marketing mike.west@broadridge.com LAKE SUCCESS, New York -- August 31, 2010 -- Broadridge Financial Solutions, Inc. (NYSE:BR) today announced that it has extended the range of multi-asset processing capabilities of its Gloss international transaction processing solution. This includes post-execution transaction processing for FX forwards, non-deliverable forwards (NDFs) and forward rate agreements (FRAs). Gloss is very well established internationally as a leading multi-currency trade processing and settlement platform with extensive functionality for equities, fixed income and warrants. It has always provided an FX capability, but now this has been enhanced and extended to specifically recognise and cater for FX forwards, NDFs and FRAs. This capability has been provided in response to the requirements of clients and prospects globally, particularly in the Asia Pacific region which is an important strategic focus for Broadridge’s international business. Additionally, Broadridge’s recent acquisition of City Networks, now rebranded as Broadridge City Networks, means that Broadridge is able to offer a combined solution that includes Gloss and ProActiveTM Matching to provide a complete FX transaction processing, confirmation, matching and settlement solution. “This latest investment by Broadridge is part of our response to the requirement to process many different asset classes on a single platform,” said Robin Kneale, Head of Strategy and Product Management, Securities Processing Solutions, International, Broadridge. “We see demand for this functionality from our clients and prospects internationally, especially in Asia Pacific, and we are pleased to demonstrate the flexibility and configurability of the Gloss engine in this way to meet these requirements. Now we plan to go on to provide functionality for exchange-traded futures and options and CFDs.” About Broadridge Broadridge is a technology services company focused on global capital markets. Broadridge is the market leader enabling secure and accurate processing of information for communications and securities transactions among issuers, investors and financial intermediaries. Broadridge builds the infrastructure that underpins proxy services for over 90% of public companies and mutual funds in North America; processes more than $3 trillion in fixed income and equity trades per day; and saves companies billions annually through its technology solutions. For more information about Broadridge, please visit www.broadridge.com. ### |
|
|
|
Post by sandi66 on Sept 15, 2010 7:46:43 GMT -5
Broadridge to Expand Its Business Process Outsourcing Services New, Extended Outsourcing Flexibility Added to Market Leading Technology Solutions Media: The Torrenzano Group Edward Orgon (212) 681-1700 ed@torrenzano.com Investor Relations: Broadridge Financial Solutions, Inc. Rick Rodick (201) 714-3423 Rick.Rodick@broadridge.com Broadridge Financial Solutions, Inc. Arlene Driscoll (212) 981-1347 Arlene.Driscoll@broadridge.com LAKE SUCCESS, New York -- September 15, 2010 -- Broadridge Financial Solutions (NYSE: BR), a market leading technology services and outsourcing company to the global financial services industry, today announced a major expansion of its outsourcing solutions offering. In response to market demand, Broadridge has extended its business process outsourcing (BPO) services beyond securities processing functions and, in order to offer greater flexibility to global financial institutions, now enables firms to use their technology of choice while taking advantage of Broadridge’s BPO solutions. Broadridge’s expanded BPO services now include the performance of the back-office, middle-office, corporate and finance functions of global financial services firms. These solutions are differentiated by Broadridge’s global subject matter expertise and financial services industry experience. Broadridge also continues to provide BPO solutions to its clients in connection with its own proprietary securities processing platform. “Broadridge’s BPO solutions are flexible and completely customizable for our clients’ needs. Any financial services firm can now benefit from Broadridge’s significant subject matter expertise and proven track record in the financial services industry,” explained Joseph Barra, President, SPS International and Global Outsourcing Solutions, Broadridge. The back-office functions supported by Broadridge include securities clearance and settlement, corporate actions, tax reporting, mutual funds, and other books and records processing. The middle-office functions supported by Broadridge include account opening and maintenance, and account and asset transfers. Corporate and finance functions supported by Broadridge include traditional accounting processes such as accounts payable and management reporting and also treasury, risk, compliance and regulatory reporting. “Broadridge’s BPO solutions allow financial services firms to leverage Broadridge’s economies of scale and its on- and off-shore processing resources, regardless of the technology platform a firm prefers,” Mr. Barra added. “Our metric-driven, scalable BPO solutions offer continuous process improvement and security, enabling clients to reduce fixed costs and infrastructure risk. Clients will also be able to focus more on accelerating growth in their existing businesses and entering new markets, asset classes, lines of business and geographies,” he concluded. Broadridge, with more than 40 years of experience in providing technology and outsourcing solutions to the global financial services industry, was ranked #1 Brokerage Process Services Outsourcing Provider by The Black Book of Outsourcing, an annual report published by Orbys, a Datamonitor company, for the third consecutive year. About Broadridge Broadridge is a technology services and outsourcing company focused on global capital markets. Broadridge is the market leader enabling secure and accurate processing of information for communications and securities transactions among issuers, investors and financial intermediaries. Broadridge builds the infrastructure that underpins proxy services for over 90% of public companies and mutual funds in North America; processes more than $3 trillion in fixed income and equity trades per day; and saves companies billions annually through its technology solutions. For more information about Broadridge, please visit www.broadridge.com. ### |
|
|
|
Post by sandi66 on Oct 4, 2010 9:42:16 GMT -5
Broadridge Announces Shareholder Forum in Canada TORONTO, Oct 4 /CNW/ - Broadridge Financial Solutions, Inc. (NYSE:BR) today announced the Canadian rollout of Shareholder Forum, a hosted online venue where validated shareholders can submit questions, vote their shares, respond to surveys and interact directly with their corporate issuers year-round. Corporate shareholders are increasingly relying on online tools to obtain information, voice their opinions, communicate and vote. The Broadridge Shareholder Forum solution provides a robust and interactive online destination where corporate issuers can interact directly with both their institutional and retail shareholders to increase shareholder engagement and to ensure that corporate executive teams and Board members are continuously prepared. Patricia Rosch, President, Investor Communication Solutions, Canada, Broadridge, noted, "We are pleased to offer the Canadian corporate issuer industry a unique and very robust online tool that combines our core strengths in electronic investor communications and proxy tools and voting interaction." About Broadridge Broadridge is a technology services company focused on global capital markets. Broadridge is the market leader enabling secure and accurate processing of information for communications and securities transactions among issuers, investors and financial intermediaries. Broadridge builds the infrastructure that underpins proxy services for over 90% of public companies and mutual funds in North America; processes more than $3 trillion in fixed income and equity trades per day; and saves companies billions annually through its technology solutions. For more information about Broadridge, please visit www.broadridge.com. For further information: Media Contacts: Ed Orgon The Torrenzano Group +1 (212) 681 1700 ed@torrenzano.com Broadridge Media Contact: Grant Brigden Broadridge Financial Solutions, Inc. +1 (416) 865-6591 grant.brigden@broadridge.com www.newswire.ca/en/releases/archive/October2010/04/c7673.html |
|
|
|
Post by sandi66 on Nov 22, 2010 10:57:04 GMT -5
Oppenheimer & Co. Inc. Goes Live with Broadridge's Global Proxy Services
Media:
The Torrenzano Group
Ed Orgon, 212-681-1700
ed@torrenzano.com
Mike West
Vice President, International Marketing
+44 (0)20 7551 3224
mike.west@broadridge.com
LAKE SUCCESS, New York -- November 22, 2010 -- Broadridge Financial Solutions, Inc. today announced that Oppenheimer & Co. Inc. ("Oppenheimer") has signed a new multi-year agreement and commenced live operations with Broadridge's Global Proxy services to support its clients' international assets in over 70 markets.
The new agreement enables Oppenheimer's institutional and branch clients to receive and vote proxy notifications for international securities through Broadridge's web-based ProxyEdge® service. The service includes a fully-automated, multi-language electronic solution supporting straight-through processing from account collection and agenda distribution through vote processing.
Broadridge has witnessed an increased requirement from U.S.-based brokers seeking to service the growing proportion of cross-border assets in their clients' investment portfolios which, in turn, has led to the expansion of Broadridge's Global Proxy services in the U.S. brokerage sector.
"We are very pleased to be working with Broadridge for our international proxy processing requirements. Their highly automated service enables us to offer our institutional and branch clients a more comprehensive range of services," said the Managing Director of Operations at Oppenheimer & Co. Inc. "After a well-managed implementation process, we are now strongly positioned to further support our clients as they capitalize on the global markets."
"We are very proud to extend our relationship with Oppenheimer through our Global Proxy services," said James O'Regan, General Manager, Investor Communication Solutions, International, Broadridge. "We are fully committed to supporting their cross-border asset servicing needs with the highest standards of service delivery."
This service strengthens Broadridge's existing relationship with Oppenheimer in the U.S. where they already use a range of Broadridge's solutions for investor communications and securities processing.
About Broadridge
Broadridge is a technology services company focused on global capital markets. Broadridge is the market leader enabling secure and accurate processing of information for communications and securities transactions among issuers, investors and financial intermediaries. Broadridge builds the infrastructure that underpins proxy services for over 90% of public companies and mutual funds in North America; processes more than $3 trillion in fixed income and equity trades per day; and saves companies billions annually through its technology solutions.
###
|
|
|
|
Post by sandi66 on Jan 6, 2011 13:13:11 GMT -5
Broadridge Expands Multi-Channel Communications Offerings Broadridge First to Partner with Pitney Bowes to Offer Secure Digital Delivery Service Public Relations Firm of Record: The Torrenzano Group Edward Orgon, 212-681-1700 ed@torrenzano.com Broadridge Media Contact: Broadridge Financial Solutions, Inc. Arlene Driscoll, 212-981-1347 Arlene.Driscoll@broadridge.com LAKE SUCCESS, New York -- January 6, 2011 -- Broadridge Financial Solutions (NYSE: BR) continues to expand its multi-channel communications offerings by adding another distribution channel to its portfolio of communication solutions with the introduction of Pitney Bowes’ (NYSE: PBI) new Volly™ secure digital delivery service. Broadridge clients will be able to communicate with customers and shareholders using the latest digital technology, as Broadridge becomes the first to adopt Volly, an opt-in service that enables consumers to selectively push information into a digital mailbox they control. “Consumer preferences are rapidly shifting towards the use of technology to improve their access to information and their ability to act upon it. Our newest strategic partnership exemplifies Broadridge’s continuing commitment to bring the latest communications technologies to financial service firms and public companies,” said Doug DeSchutter, President, Customer Communications, Broadridge. “The Volly secure digital delivery service will increase our clients’ flexibility, choice and control over how they communicate with their customers and shareholders.” Pitney Bowes’ Volly secure digital delivery service is a new platform that will empower consumers to receive, view, organize, and manage bills, statements, financial documents and other content from multiple providers using a single spam free application. This consumer-focused delivery and consolidation service will be added to Broadridge’s portfolio of electronic communications solutions to enable its brokerage firm and public company clients to provide their customers with more choice and control over how they receive and manage their financial communications. “Combining Volly’s cutting edge technology and innovative communications tools with our existing operations and processes will allow us to provide a more comprehensive and cost effective communication solution for our clients,” continued Mr. DeSchutter. The Broadridge strategic partnership with Pitney Bowes furthers the company’s commitment to multi-channel communications and new technologies to improve client and shareholder communications. Over the past several months Broadridge has enhanced its multi-channel communications platform by: •Extending its ProxyVote®.com online proxy voting platform to all major mobile devices, •Acquiring Forefield, Inc., a leading provider of real-time sales, education, and client communication solutions for financial institutions and their advisors, •Acquiring NewRiver, Inc., a leading provider of digital communication solutions in the mutual fund space, and •Enhancing its existing suite of multi-channel tools including Investor Mailbox, Advisor Mailbox, Virtual Shareholder Meeting, and Shareholder Forum. “We are pleased that Broadridge is our first strategic partner in the introduction of the Volly secure digital delivery service,” said Leslie Abi-Karam, Executive Vice President, Pitney Bowes and President, Volly. “This new service will help Broadridge optimize their customer communications management in a single implementation,” continued Abi-Karam. The strategic partnership was announced by Mr. DeSchutterat a Pitney Bowes press conference at The Modern Restaurant at The Museum of Modern Art. About Broadridge Broadridge (NYSE: BR) is a technology services company focused on global capital markets. Broadridge is the market leader enabling secure and accurate processing of information for communications and securities transactions among issuers, investors and financial intermediaries. Broadridge builds the infrastructure that underpins proxy services for over 90% of public companies and mutual funds in North America; processes more than $3 trillion in fixed income and equity trades per day; and saves companies billions annually through its technology solutions. For more information about Broadridge, please visit www.broadridge.com. About Pitney Bowes Delivering more than 90 years of innovation, Pitney Bowes provides software, hardware and services that integrate physical and digital communications channels. Long known for making its customers more productive, Pitney Bowes is increasingly helping other companies grow their business through advanced customer communications management. Pitney Bowes is a $5.6 billion company and employs 33,000 worldwide. Pitney Bowes: Every connection is a new opportunity™. www.pb.com. |
|
|
|
Post by sandi66 on Apr 18, 2011 8:44:47 GMT -5
Broadridge Launches Affiliate Matching & Settlement Solution Solution Boosts Operational Efficiencies and Reduces Costs Associated with Cross-Border Trading Mike West +44 (0)20 7551 3224 Vice President, International Marketing mike.west@broadridge.com The Torrenzano Group Ed Orgon +1 212-681-1700 ed@torrenzano.com LAKE SUCCESS, New York -- Aprril 18, 2011 -- Broadridge Financial Solutions, Inc. today announced the launch of its unique international Affiliate Matching & Settlement solution. The solution, which utilises the same technology as Broadridge's leading international trade processing and settlement solution, Gloss, enables firms to clear and settle cross-border trades within their own organisation's infrastructure allowing firms to significantly increase the operational efficiency of their cross-border flows, consolidate their agent bank or CSD relationships, and reduce their settlement and messaging costs per trade. In order to help clients understand the concept, and in conjunction with global business and technology consulting firm Investance, Broadridge has produced a white paper entitled 'Cleared for Globalisation -- Time to Rationalise with Affiliate Matching & Settlement', which looks at how firms can centralise settlement and clearing as cross-border processing volumes for securities and other asset classes continue to increase. It is particularly targeted at firms looking to rationalise existing complex cross-border trade flows, or for firms which are looking for lower-cost entry options into growth markets such as Asia. The white paper can be accessed via www.broadridge.com/affiliate . Available now, and live with two clients, the platform removes the need for firms to have their own settlement mechanism in every market, reducing counterparty, custodial and operational risk, and the costs associated with cross-border flows as well as boosting efficiencies. One client is a top-tier Japanese firm which has implemented the solution to allow investors outside of Japan access to the Japanese equities market. The second, a large US institution, has this year implemented the solution for cross-border affiliate clearing in London, in order to facilitate its Asian expansion plans. Implementation of these solutions can take as little as two months. Available as a hosted solution or onsite, it gives firms control of their cross-border processing and enables the consolidation of external agent bank relationships and accounts. A reduction of custodial relationships also helps to minimise risk exposure, and users can also expect to see a sizeable reduction in network management overheads and external messaging fees. The Affiliate Matching & Settlement solution can be implemented alongside a firm's existing back office solution or as part of Broadridge's industry-leading settlement solution which, in conjunction with the Affiliate Matching & Settlement solution, delivers the highest levels in operational efficiency and timely processing. "The launch of our international Affiliate Matching & Settlement solution is part of the Broadridge strategy to continue increasing our global reach. We are already seeing a lot of interest from banks and brokers with two clients live on the solution today," said Robin Kneale, Head of Strategy & Product Management, Securities Processing Solutions International, Broadridge. "As demand for international portfolios grows, affiliate matching and settlement has the potential to overcome the inefficiencies associated with the traditional multi-entity approach. Our technology solution offers firms a centralised, rational matching and settlement model and an ability to enter new markets quickly to compete in the growing cross-border arena," Dr. Kneale added. Jonathan Purchase, Senior Manager at Investance, said: "A key finding of this study is that significant savings can be made in equity and fixed income cross-border post-trade processing at most investment banks. Centralising clearing and settlement by adopting affiliate matching and settlement provides a cost-effective and scalable solution that will also address the expected future growth in volume from existing clients and expansion into new markets. This is definitely an option that should be on the agenda when considering post-trade strategies at international institutions." About Broadridge Broadridge is a technology services company focused on global capital markets. Broadridge is the market leader enabling secure and accurate processing of information for communications and securities transactions among issuers, investors and financial intermediaries. Broadridge builds the infrastructure that underpins proxy services for over 90% of public companies and mutual funds in North America; processes more than $3 trillion in fixed income and equity trades per day; and saves companies billions annually through its technology solutions. For more information about Broadridge, please visit www.broadridge.com . ### |
|
