New partnership brings next-generation fintech investing to
financial institutions and their clients
LAKE SUCCESS, N.Y. and
TORONTO, Dec. 5, 2017 /CNW/ -- Broadridge Financial
Solutions, Inc. (NYSE: BR) today announced a partnership with
Wealthsimple, the leading digital investing service in Canada. Working with Wealthsimple, Broadridge
will offer sophisticated, user-friendly, automated investment
management to support both advisor-investor and direct-to-investor
models.
Broadridge's capabilities, integrated with Wealthsimple's
technology platform, will enable firms to drive efficiencies in
client onboarding, compliance, and account transfers. Additionally,
they gain access to in-demand functionality such as automated
investment management, mobile access, and lower-cost ways to
invest.
"With this new partnership, clients will be able to leverage
highly customizable technology to target new customer segments –
allowing them to get ahead of today's challenges and capitalize on
what's next," said Michael Dignam,
President, Broadridge Canadian Securities Processing Solutions.
"Our wealth solutions have the unique capacity to support both
securities and mutual fund dealers, on a single platform, even
though they are separately regulated entities in Canada."
Wealthsimple's intuitive website and mobile app have quickly
made it popular with individual investors; in just three years, the
award-winning company has grown to manage over $1 billion for 50,000 clients in Canada, the U.S., and the U.K. For its
enterprise partners, Wealthsimple builds customized solutions
through a dedicated account team, offering real control over the
product roadmap and development prioritization.
Broadridge's initial focus will be Canada, and will include integration with
Broadridge's wealth solutions. Deep integration of Wealthsimple's
technology into Broadridge's will allow for a unique single view of
all assets, passive and active, from both the advisor and customer
point of view.
"With Broadridge as our partner, we can reach more investors,
furthering our mission to bring smarter financial services to
advisors and investors," said Michael
Katchen, CEO and co-founder, Wealthsimple. "We've
always believed strongly that combining human advice with great
technology delivers the best experience and outcomes to investors.
Through this integration, clients will be able to retain their
relationships with their advisors while gaining access to a great
technology experience."
About Broadridge
Broadridge Financial Solutions, Inc. (NYSE:BR), a $4 billion global fintech leader, provides
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 percent of public companies and mutual funds
in North America, and processes
more than $5 trillion in fixed income
and equity trades per day. Broadridge employs approximately 10,000
full-time associates in 16 countries. For more information about
Broadridge, please visit www.broadridge.com.
About Wealthsimple
Wealthsimple is an online investment manager that combines
user-friendly digital tools and personal financial advice to make
smart, automated investing available to everyone. With no minimum
account size and low fees, Wealthsimple makes investing simple,
accessible, affordable and personalized. Available in the U.S., the
U.K., and Canada, Wealthsimple was
founded by a team of financial experts and technology
entrepreneurs, and is backed by the Power Financial group of
companies. Power Financial Corporation (TSX: PWF) is a diversified
management and holding company that has interests, directly or
indirectly, in companies in the financial services sector in
Canada, the United States and Europe. To learn more, visit
www.wealthsimple.com.
Contact Information:
Investors:
W. Edings Thibault
Head of Investor Relations
+1 516-472-5129
edings.thibault@broadridge.com
Media Contacts:
Tina Wadhwa
Corporate Communications
+1 212-973-6164
tina.wadhwa@broadridge.com
Brett Philbin
Edelman
+1 212-704-8263
brett.philbin@edelman.com
Rachael Factor
Wealthsimple
647-802-6751
rachael@wealthsimple.com
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SOURCE Broadridge Financial Solutions