LAKE SUCCESS, N.Y.,
July 26, 2016 /PRNewswire/ --
Broadridge Financial Solutions, Inc. (NYSE:BR) has signed an
agreement with SEI (NASDAQ: SEIC) that will provide SEI private
banking clients access to Broadridge's global securities class
action services.
Through the new strategic partnership, SEI private banking
clients can elect to utilize Broadridge's services, which will
monitor securities class action lawsuit settlements worldwide to
spot opportunities to help recover funds for SEI clients and their
customers. Broadridge's solution includes case and settlement
research, class action notifications and distribution, loss
calculation, completion and submission of claims forms, collection
of payments, and associated recordkeeping and reporting.
"The securities class action space has become more complex and
the need for an efficient, scalable and reliable provider with a
proven track record is more important than ever," said Sandy Ewing, senior vice president, TRUST 3000,
SEI Private Banking. "Broadridge has been a trusted partner for
over 20 years. Global securities class action services is another
example of Broadridge leading the industry with technology,
service, and expertise that will ensure the highest level of
satisfaction for the end-customer."
"Securities class actions are an increasing area of focus for
sophisticated investors, with billions of dollars in settlements
that go unclaimed each year. We are pleased to offer SEI private
banking clients the opportunity to efficiently and effectively
manage the research, filing and recovery process," said
Joseph Vicari, vice president of
business development, Broadridge.
This new strategic partnership is an expansion of the proxy
voting, corporate actions, first-dollar-in prospectus fulfillment
and master-limited partnership tax reporting solutions Broadridge
has provided to SEI and its clients for over 20 years. Effective
immediately, SEI private banking clients will be able to select
Broadridge as their provider of global securities class actions
filing and recovery services.
About Broadridge
Broadridge Financial Solutions, Inc.
(NYSE: BR) is the leading provider of investor communications and
technology-driven solutions for broker-dealers, banks, mutual funds
and corporate issuers globally. Broadridge's investor
communications, securities processing and managed services
solutions help clients reduce their capital investments in
operations infrastructure, allowing them to increase their focus on
core business activities. With over 50 years of experience,
Broadridge's infrastructure underpins proxy voting services for
over 90% of public companies and mutual funds in North America, and processes on average
$5 trillion in equity and fixed
income trades per day. Broadridge employs more than 9,000 full-time
associates in 14 countries. For more information about Broadridge,
please visit www.broadridge.com.
About SEI
SEI (NASDAQ:SEIC) is a leading global
provider of investment processing, investment management, and
investment operations solutions that help corporations, financial
institutions, financial advisors, and ultra-high-net-worth families
create and manage wealth. As of March 31,
2016, through its subsidiaries and partnerships in which the
company has a significant interest, SEI manages or administers
$684 billion in mutual fund and
pooled or separately managed assets, including $265 billion in assets under management and
$419 billion in client assets under
administration. For more information, visit seic.com.
Media Contact:
Linda
Namias
Broadridge Financial Solutions
+1
631-254-7711
linda.namias@broadridge.com
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SOURCE Broadridge Financial Solutions, Inc.