NEW YORK and LONDON, Sept. 15,
2020 /PRNewswire/ -- Broadridge Financial Solutions,
Inc. (NYSE: BR), a global Fintech leader, has announced an
agreement to provide Smith & Williamson Group, a leading
financial and professional services firm in the UK and Ireland, with its Shareholder Rights Directive
(SRD II) solution for proxy voting. Smith & Williamson is using
the Broadridge solution to support its discretionary and
non-discretionary execution clients, spanning both institutional
and retail investors.
An existing user of Broadridge's shareholder communication
solutions, Smith & Williamson has upgraded to Broadridge's
enhanced end-to-end Global Proxy solution to fulfil its new
responsibilities under SRD II, which had a regulatory readiness
deadline of 3rd September
2020. This includes the distribution of meeting agendas
within stricter timeframes, reconciling votes on a daily basis and
processing votes "without delay." It also handles all aspects of
vote confirmation, including timely electronic confirmation back to
shareholders.
"We take our regulatory obligations extremely seriously and it
is important to us, and to our clients, that we are well-prepared
for a smooth transition that mitigates compliance risk and delivers
the combined benefits of greater process efficiency and higher
governance standards," said Nick
Murphy, Partner, at Smith & Williamson Investment
Management LLP. "Broadridge, with its deep global domain
expertise and strong investor communications governance model, has
helped us to be well-positioned for delivering to our clients a
unified service to manage proxy voting for their full portfolio of
holdings."
"We are delighted to continue to work with Smith &
Williamson to meet its shareholder communications needs," said Demi
Derem, general manager of Broadridge's International Investor
Communication Solutions. "Smith & Williamson was one of
the first brokers to recognise the implications of SRD II to its
business and also understood why being ready for SRD II compliance
would be so important to its clients."
SRD II is global in its scope, insofar as it impacts any
financial intermediary that holds or services European equities,
irrespective of where the firm is located. It applies to all types
of financial intermediaries, including banks and brokers, wealth
managers and central securities depositaries (CSDs).
About Broadridge
Broadridge Financial Solutions, Inc. (NYSE: BR), a $4
billion global Fintech leader, is a leading provider of
investor communications and technology-driven solutions to banks,
broker-dealers, asset and wealth managers and corporate issuers.
Broadridge's infrastructure underpins proxy voting services for
over 50 percent of public companies and mutual funds globally, and
processes on average more than U.S. $8 trillion in fixed income and equity
securities trades per day. Broadridge is part of the S&P 500®
Index and employs over 12,000 associates in 17 countries. For more
information about Broadridge, please visit www.broadridge.com.
About Smith & Williamson
Smith & Williamson is a leading financial and professional
services firm providing a comprehensive range of investment
management, tax, financial advisory and accountancy services to
private clients and their business interests. The firm's c1,800
people operate from a network of 12 offices: London, Belfast, Birmingham, Bristol, Cheltenham, Dublin (City and Sandyford), Glasgow, Guildford, Jersey, Salisbury and Southampton. Smith & Williamson Investment
Management LLP is part of The Tilney Smith & Williamson
Group.
Risk Warning
Investment does involve risk. The value of investments and the
income from them can go down as well as up. The investor may not
receive back, in total, the original amount invested.
Smith & Williamson Investment Management LLP
Authorised and regulated by the Financial Conduct Authority.
Registered No 580531
© Tilney Smith & Williamson Limited 2020
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Broadridge Contacts:
Investors:
W. Edings Thibault
Head of Investor Relations
Broadridge Financial Solutions, Inc.
+1 516-472-5129
Edings.Thibault@Broadridge.com
Media:
North America:
Matthew Luongo
Prosek Partners
+1 646-396-0966
mluongo@prosek.com
Europe:
Charlie Morrow
Cognito
+44 (0) 20 7426 9400
charlie.morrow@cognitomedia.com
Smith & Williamson Contact:
Nick Murphy
Partner
Smith & Williamson Investment Management LLP
www.smithandwilliamson.com
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SOURCE Broadridge Financial Solutions, Inc.