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Broadridge Financial Solutions, Inc. is a global leader in financial technology, offering investor communications and technology-driven solutions to a diverse clientele, including banks, broker-dealers, asset and wealth managers, public companies, investors, and mutual funds . The company operates primarily through two segments: Investor Communication Solutions (ICS) and Global Technology and Operations (GTO), providing essential infrastructure and data solutions that enhance business performance and operational efficiency . Broadridge's offerings include processing and distributing proxy materials, facilitating vote processing, and delivering technology solutions for capital markets and wealth management .
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Investor Communication Solutions (ICS) - Processes and distributes proxy materials, facilitates vote processing, and provides data-driven solutions for asset managers and retirement service providers. This segment includes:
- Regulatory Solutions - Offers compliance and regulatory communication services.
- Data-Driven Fund Solutions - Provides analytics and insights for fund management.
- Corporate Issuer Solutions - Delivers services for corporate governance and shareholder engagement.
- Customer Communications Solutions - Manages customer communication strategies and execution.
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Global Technology and Operations (GTO) - Delivers technology solutions for capital markets and wealth and investment management, including securities processing and data and analytics solutions .
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Richard J. Daly ExecutiveBoard | Executive Chairman | Member of NYSE Listed Company Advisory Board; Member of The Economic Club of New York; Advisory Board Member at Columbia Law School and NACD; Chairman of SIFMA Foundation. | CEO of BR from 2007-2019; pivotal in BR's spin-off from ADP; founded Investor Communication Solutions (ICS) business; extensive expertise in financial services and governance. | |
Timothy C. Gokey ExecutiveBoard | Chief Executive Officer (CEO) | Board Member at C.H. Robinson Worldwide, Inc.; Board of Advisors at Northwell Health Cancer Institute; Trustee at USRowing Foundation; Board Member at Partnership for New York City. | Joined BR in 2010 as Chief Corporate Development Officer; became CEO in 2019; previously COO and President; expertise in financial services and corporate governance. | View Report → |
Ashima Ghei Executive | Chief Financial Officer (CFO) | None reported. | Joined BR in 2022 as CFO of ICS; became CFO in 2024; previously held senior roles at American Express; expertise in financial strategy and governance. | |
Christopher J. Perry Executive | President | Board Member at The RepTrak Company; Boards of Make-A-Wish Foundation of New Jersey and United Way of New York City; Vice Chair of Community Food Bank of New Jersey. | Joined BR in 2014; became President in 2020; previously led global sales, marketing, and client solutions; extensive experience in financial services and client management. | |
Hope M. Jarkowski Executive | Chief Legal Officer (CLO) | National Board Member of Junior Achievement USA; Participant in 100 Women in Finance Initiative. | Joined BR in 2024; previously General Counsel at NYSE; extensive experience in securities regulation and corporate governance. | |
Laura Matlin Executive | Deputy General Counsel & Chief Compliance Officer | None reported. | Joined ADP in 1997; transitioned to BR in 2007; oversees compliance and legal strategy; previously Acting Chief HR Officer. | |
Richard J. Stingi Executive | Chief Human Resources Officer (CHRO) | None reported. | Joined BR in 2013; became CHRO in 2021; previously led HR for GTO and Corporate Functions; former Managing Director at Goldman Sachs. | |
Amit K. Zavery Board | Independent Director | VP/GM and Head of Platform for Google Cloud. | Joined BR Board in 2019; former EVP at Oracle; expertise in cloud platforms and technology strategy. | |
Annette L. Nazareth Board | Independent Director | Director at MoneyLion Inc.; Chair of Integrity Council for Voluntary Carbon Market; Vice Chair of Urban Institute. | Joined BR Board in 2021; former SEC Commissioner; extensive expertise in financial markets regulation and governance. | |
Brett A. Keller Board | Independent Director | CEO of Priceline.com; Member of National Advisory Council at Brigham Young University. | Joined BR Board in 2015; extensive experience in marketing, technology, and product development at Priceline.com. | |
Eileen K. Murray Board | Independent Director | Director at Guardian Life Insurance, HSBC Holdings, and Invisible Urban Charging. | Joined BR Board in 2022; former Co-CEO of Bridgewater Associates; extensive experience in financial services and governance. | |
Maura A. Markus Board | Independent Director | Director at Stifel Financial Corp. and Diebold Nixdorf, Inc.; Trustee at College of Mount Saint Vincent. | Joined BR Board in 2013; former President and COO of Bank of the West; extensive banking and leadership experience. | |
Melvin L. Flowers Board | Independent Director | Director at HSBC North America Holdings; Trustee at Seattle University. | Joined BR Board in 2021; former Corporate VP at Microsoft; expertise in audit and enterprise risk management. | |
Pamela L. Carter Board | Independent Director | Chairman of Enbridge Inc.; Director at Hewlett Packard Enterprise; Trustee at Indiana University Foundation. | Joined BR Board in 2017; former President of Cummins Distribution Business; first African American woman Attorney General in the U.S. (Indiana). | |
Robert N. Duelks Board | Independent Director | Emeritus Trustee at Gettysburg College. | Joined BR Board in 2009; former executive at Accenture; expertise in technology and consulting services. |
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Given that your adjusted operating income margin declined by 90 basis points in Q1 '25 due to factors like the E-Trade deconversion and ongoing reinvestment, how do you plan to offset these pressures and achieve your goal of 50 basis points of underlying core margin expansion for the full year?
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The acquisition of SIS is expected to be slightly dilutive to Broadridge's margins and have no material impact on earnings this year; how do you justify this acquisition in terms of shareholder value, and when do you anticipate it becoming accretive to both margins and earnings?
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You mentioned a lengthening of the sales pipeline with deals taking longer to close; with this uncertainty in client decision-making, how confident are you in achieving your closed sales guidance of $290 million to $330 million for fiscal '25, and what strategies are you employing to mitigate potential delays?
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With the challenges arising from T+1 settlement discrepancies between the U.S. and Europe increasing costs for brokers, what specific solutions is Broadridge developing to help clients navigate these issues, and how does this situation present an opportunity to drive growth in your capital markets franchise?
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Customer communications growth remained consistent with fiscal Q4 rather than accelerating; given your focus on digitization and the importance of digital revenues, why haven't we seen stronger growth in this area, and what concrete steps are you taking to achieve mid- to high single-digit growth in your customer communications business this fiscal year?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Kyndryl's Securities Industry Services (SIS) | 2025 | Completed acquisition with a total purchase price of approximately $185.5 million (including cash, liabilities, goodwill, and intangible assets) aimed at expanding Broadridge’s wealth management and capital markets offerings in Canada. The deal includes a managed services agreement with Kyndryl Canada and is under regulatory review by the Canadian Competition Bureau. |
CompSci Resources | 2024 | Completed acquisition where Broadridge integrated the Transform™ platform—a cloud-based financial technology solution for SEC filing processes—into its Investor Communication Solutions segment. This acquisition, announced and closed on July 1, 2024, reflects a “buy versus build” strategy with no material impact on financial results. |
AdvisorTarget | 2024 | Completed acquisition announced on May 30, 2024, and closed on June 1, 2024, with an aggregate purchase price composed of cash payments, deferred payments, and contingent consideration (up to $30.5 million). The deal, which generated significant goodwill and intangible assets, is strategically aimed at enhancing Broadridge’s data and analytics capabilities in its Investor Communication Solutions segment. |
Recent press releases and 8-K filings for BR.
- Broadridge Financial Solutions Inc. has successfully collaborated with Fnality to enable interoperability between its Distributed Ledger Repo (DLR) platform and Fnality’s Payment System, facilitating real-time delivery versus payment settlement for intraday repo transactions.
- The initiative leverages a digital representation of central bank funds to enhance liquidity management, reduce operational risk, and boost efficiency in financial markets across the U.S. and Europe.
- This collaboration is a strategic move aimed at expanding Broadridge’s DLR client base in Europe while advancing innovative digital cash solutions.
- Business Model & Growth: Broadridge highlighted its resilient strategy with a $6.5 billion revenue base driven by recurring revenue across its governance, capital markets, and wealth management franchises, and reaffirmed its goal of 5%-8% revenue growth and 8%-12% earnings growth through fiscal 2026.
- Strategic Priorities & Innovation: The firm is investing in digital communications, modernizing wealth management solutions—including the Canadian SIS acquisition—and leveraging its extensive data with AI initiatives to develop new products.
- Capital Allocation & M&A Focus: Broadridge detailed its capital allocation strategy, emphasizing stringent criteria for tuck-in M&A, share buybacks, and dividend funding to sustain long-term growth while balancing organic investments.