TORONTO and NEW YORK, May 13,
2021 /PRNewswire/ -- Broadridge Financial Solutions,
Inc. (NYSE:BR), a global Fintech leader, today announced that
Canadian financial services company Aviso Wealth Inc. ("Aviso
Wealth") is being powered by Broadridge's digital advisor desktop
and securities processing engine and is utilizing its integrated
Digital Information Onboarding platforms.
"Broadridge is the only firm with the proven technology, scale
and experience to meet our ambitious business goals," said
Bill Packham, President and CEO of
Aviso Wealth. "We are excited to extend our partnership with
Broadridge to support our drive for service excellence and
enterprise-wide efficiencies and scalability. The change will
streamline the dealer services Aviso Wealth provides to credit
unions as well as correspondent and institutional partners and be a
cornerstone of how Aviso Wealth evolves as a platform provider to
Canada's wealth industry."
Aviso Wealth will leverage Broadridge's solutions for its mutual
fund dealer business, which is regulated by the Mutual Fund Dealers
Association of Canada ("MFDA").
Aviso Wealth is using similar solutions to power its full-service
securities dealer business, which is regulated by the Investment
Industry Regulatory Organization of Canada ("IIROC"), allowing Aviso Wealth to
operate both its MFDA and IIROC dealerships on a single instance of
a book-of-records database. Although securities and mutual fund
dealers are separately regulated entities, Broadridge's Dataphile
and Digital Information Onboarding solutions have the unique
capability to support advisors, clients and operations for both
businesses on a single platform.
"Broadridge's Dataphile solution has supported the processing of
both securities and mutual funds in Canada for over 25 years," said Michael Dignam, President, GTO Broadridge
Canada. "Our proven technology and experience have led us to become
the technology provider of choice for Aviso Wealth. We look forward
to continuing this partnership and providing our clients with
innovative technology and processing solutions which get ahead of
today's challenges and capitalize on tomorrow's opportunities."
The financial services market is becoming increasingly complex
with changing regulations, heightened legal and compliance issues,
and sophisticated clients with complicated demands. The
ability to process on a single platform can significantly increase
a company's ability to better serve clients efficiently with a
single set of processes.
The implementation of Aviso Wealth's MFDA business to the
Dataphile solution was completed in January 2021.The Aviso Wealth
partnership with Broadridge was established in 2006 with the
processing of its IIROC business on Dataphile.
About Aviso Wealth
Aviso Wealth is a national financial services company with over
$95 billion in assets under
administration and management. Aviso Wealth is owned by the credit
union Centrals, The Co-operators/CUMIS and Desjardins. Aviso Wealth
provides a comprehensive, integrated suite of wealth solutions for
individual Canadians and for financial organizations across
Canada. Aviso Wealth's
MFDA-regulated dealer, full-service IIROC-regulated brokerage, and
insurance dealers support thousands of financial advisors at credit
unions across Canada. Its
award-winning online brokerage, Qtrade, and its automated investing
platform, VirtualWealth, give Canadians flexible choices for
building their wealth. Its asset manager, NEI Investments, is a
Canadian leader in Responsible Investment funds and portfolios,
which are available through a national network of advisors. Aviso
Wealth also provides custodial services and introducing broker
services to independent financial organizations, including banks,
trust companies, insurance companies, investment dealers, portfolio
managers, and financial planning firms.
For more information about Aviso Wealth, please visit
www.aviso.ca.
About Broadridge
Broadridge Financial Solutions (NYSE: BR), a global Fintech
leader with over $4.5 billion in
revenues, provides the critical infrastructure that powers
investing, corporate governance, and communications to enable
better financial lives. We deliver technology-driven solutions to
banks, broker-dealers, asset and wealth managers and public
companies. Broadridge's infrastructure serves as a global
communications hub enabling corporate governance by linking
thousands of public companies and mutual funds to tens of millions
of individual and institutional investors around the world. In
addition, Broadridge's technology and operations platforms underpin
the daily trading of on average more than U.S. $10 trillion of equities, fixed income and
other securities globally. A certified Great Place to Work®,
Broadridge is a part of the S&P 500® Index, employing over
12,000 associates in 17 countries.
For more information about us and what we can do for you, please
visit www.broadridge.com.
Investors:
W. Edings Thibault
Head of Investor Relations
Broadridge Financial Solutions
+1 516-472-5129
edings.thibault@broadridge.com
Media:
Tina
Wadhwa
Broadridge Financial Solutions
+1
212-973-6164
tina.wadhwa@broadridge.com
Brian McOstrich
Aviso Wealth Inc.
+1 905-580-4078
bmcostrich@aviso.ca
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SOURCE Broadridge Financial Solutions, Inc.