NEW YORK, Oct. 23, 2018 /PRNewswire/ -- In response to
customer and industry demand for greater fiduciary transparency,
Broadridge Financial Solutions, Inc. (NYSE:BR), an S&P 500
company and global Fintech leader, announces the integration
of the Fi360 Fiduciary Score within Broadridge's Distribution
Insight platform. Broadridge's predictive analytics solution,
Opportunity Hunter, will include Fi360 Fiduciary Scores for each
investment and enhanced advisor profiles, combining competitive
intelligence on funds with advisor rankings.
"Prioritizing higher levels of fund and advisor transparency is
more important than ever as a result of significant regulatory
pressure including the fiduciary rule, SEC best interest proposal
and ERISA litigation and settlements," said Dan Cwenar, Broadridge's head of asset
management data and analytics. "By augmenting our distribution
insight platform with Fi360 data, we are able to bring more
transparency to the asset manager and financial advisor
relationship, ultimately benefitting the end investor."
"Financial advisors rely on our products to improve transparency
and perform due diligence on the information provided by their
asset managers," said John Faustino,
AIFA®, PPC®, Chief Product and Strategy Officer of Fi360. "It's
only natural for asset management firms to have native visibility
into the same fiduciary metrics on which their products are
evaluated, and the integration with Broadridge will facilitate a
stronger relationship between advisors and asset managers."
Fi360 provides fiduciary technology, education and data. The
Fi360 Fiduciary Score is a transparent and objective investment
rating system that provides the ability to compare peer investments
and determine fiduciary appropriateness. By combining Fi360 scores
with existing industry data and Broadridge proprietary data,
Broadridge will provide a way for investment managers to measure
themselves, their funds and their competitors by the same metrics
that advisors trust.
Broadridge and Fi360 plan to expand this strategic partnership
in the coming months with the addition of portfolio profiles within
Broadridge's Distribution Insight platform.
About Broadridge
Broadridge Financial Solutions, Inc.
(NYSE: BR), a $4 billion global
Fintech leader and a part of the S&P 500® Index, is a leading
provider of investor communications and technology-driven solutions
to banks, broker-dealers, asset managers 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 on average more than US $5 trillion in fixed income and equity trades per
day. Broadridge employs over 10,000 full-time associates in 18
countries. For more information about Broadridge, please
visit www.broadridge.com.
About Fi360
Fi360, a fiduciary education, training and
technology company, helps financial intermediaries use prudent
fiduciary practices to profitably gather, grow and protect
investors' assets. Since 1999, the firm has provided financial
professionals with the tools necessary to act as a fiduciary in
their work with investors. Headquartered in Pittsburgh, PA, Fi360 is the home of the
Accredited Investment Fiduciary® (AIF®) designation, the Fiduciary
Focus Toolkit™ and the Fi360 Fiduciary Score®. The Fi360 Fiduciary
Score® represents an objective means of comparing investments
according to set criteria and is not intended, nor should it be
used as the sole source of information for reaching an investment
decision. Fi360 is also the parent company of CEFEX.
Media Contact:
Matthew
Luongo
Prosek Partners
mluongo@prosek.com
+1 646-396-0966
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SOURCE Broadridge Financial Solutions, Inc.