LAKE SUCCESS, N.Y.,
June 6, 2018 /PRNewswire/ --
Broadridge Financial Solutions, Inc. (NYSE: BR), a global fintech
leader, today announced a new strategic partnership with StatPro
Group, the leading provider of cloud-based portfolio analytics and
asset pricing services for the global asset management industry.
This partnership enhances the existing Broadridge Performance
Reporting platform, which allows clients to receive customized
daily performance calculations and is another example of how
Broadridge is delivering real business value through
technology-driven solutions.
The strategic partnership with StatPro provides comprehensive
analytics for alternative and traditional asset managers working to
meet an increased demand for performance measurement, attribution
and risk analytics. StatPro's cloud-based performance and risk
platform will streamline the analytics process through automating
the upload of client portfolio data into the system, triggering
performance calculations instantaneously and making results
available for download to Broadridge's data warehouse to support
the investment process and client reporting.
"As Broadridge expands its investment management capabilities
for its growing base of asset management clients, we are investing
in partnerships that we believe will provide the analytics and
tools our client base requires," said Eric
Bernstein, head of Broadridge's asset management solutions.
"With its connections to index data providers and aggregators,
StatPro will help provide data we believe will add significant
value to our clients. Our shared goal is to save time for asset
managers so they can focus on generating returns and serving their
clients."
"StatPro firmly believes that as the asset management industry
matures and competition intensifies, asset managers will turn to
the best platform providers for comprehensive services," said
Justin Wheatley, CEO at StatPro.
"Broadridge has proved itself to be a leading provider in this
market and we are proud to partner with them to provide their
clients with our full range of portfolio analytics ranging from
performance measurement to risk management tools, including complex
fixed income analysis using StatPro Revolution: our super-scalable
cloud-based portfolio analytics platform."
The transition to StatPro is already in progress for existing
Broadridge performance clients and is expected to be completed by
the end of 2018.
About Broadridge
Broadridge Financial Solutions, Inc.
(NYSE: BR), the $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 50 percent of public companies and mutual funds globally, 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 StatPro
StatPro is a global provider of
award-winning portfolio analytics solutions for the investment
community. The Group's cloud-based platform provides vital analysis
of portfolio performance, attribution, risk, and compliance. This
multi-asset class analytics platform helps StatPro's clients
increase assets under management, improve client service, meet
tough regulations and reduce costs.
The Group's integrated and global data coverage includes over
3.2 million securities such as equities, bonds, mutual funds, FX
rates, futures, options, OTCs, sector classifications and much else
besides. StatPro also covers most families of benchmarks including
MSCI, FTSE, Russell, NASDAQ and the open source Freedom Index.
StatPro has grown its Annualized Recurring Revenue from less
than £1 million in 1999 to around £53 million at the end of
December 2017. The Group has
operations in Europe, North America, South
Africa, Asia, and
Australia, with hundreds of
clients in 39 countries around the world. Approximately 80% of
recurring revenues are generated outside the UK. StatPro Group plc
shares are listed on AIM.
Media contacts:
Broadridge
Matthew
Luongo
Prosek Partners
mluongo@prosek.com
+1 646-396-0966
StatPro
Neil Smyth
Neil.smyth@statpro.com
+44 (0)20 8410 9876
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SOURCE Broadridge Financial Solutions, Inc.