Broadens set of digital engagement tools for
wealth management firms
NEW
YORK, Oct. 11, 2022 /PRNewswire/ -- To provide
financial advisors with an innovative holistic view into all
aspects of an investor's financial journey, global Fintech leader,
Broadridge Financial Solutions, Inc. (NYSE: BR), today announced a
strategic partnership with open finance leader MX to utilize the
company's financial data aggregation and personalized financial
management automation solutions. This is another example of
providing wealth management firms with value-driving,
differentiating point solutions to optimize advisor productivity
and insights for client growth and transformation.
This solution will provide financial advisors with a 360°
customer view and enable Broadridge to enhance its enterprise
expertise, deliver personalized financial insights at scale and
strengthen data governance with MX's secure money management
platform and automated financial health insights. As a result,
financial advisors will have complete access to actionable
information across their clients' assets and liabilities, better
equipping them to provide relevant recommendations for long-term
financial success.
"Investors today have an unprecedented level of control over
their assets, but the current market environment has reminded us
that it is still beneficial to have access to the personal touch of
an advisor. Through this strategic partnership with MX, we are
ensuring that the advisor's touch is not just personal, but also
timely and driven by intelligence and data," said Mike Alexander, President of Wealth Management
at Broadridge. "By combining Broadridge's expertise in investment
data with MX's deep understanding of frictionless money
experiences, our financial advisor clients will now have access to
a new comprehensive offering that provides a more personal and
holistic view to financial planning."
MX is building the largest open finance ecosystem to help people
improve their financial lives. With MX, organizations like
Broadridge can securely access and act on the world's financial
data through trusted connections and state-of-the-art data
enhancements. This is part of a broader set of digital engagement
tools available on Broadridge's Wealth Platform, an open,
component-based ecosystem with a flexible, scalable platform
powered by an aggregated data layer. The Broadridge Wealth Platform
is designed to help firms drive innovation, perform more
effectively at scale and deliver a digital, modernized client and
advisor experience.
"Our integration with Broadridge demonstrates our shared
commitment to power the open finance economy by empowering
financial institutions and the investment community, with data
driven insights," said Don Parker,
Executive Vice President of Partnerships, MX. "MX makes data
accessible and actionable, and our partnership with Broadridge will
help advisors and investors build a stronger, more modern data
infrastructure."
The MX tools that are being integrated and embedded in
Broadridge's Data Aggregation solution will provide advisors with a
robust suite of financial wellness capabilities that are
easy-to-use digital tools to provide insight into a client's
everyday financial life.
About Broadridge
Broadridge Financial Solutions (NYSE: BR), a global Fintech
leader with $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 that drive business
transformation for 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. Our
technology and operations platforms underpin the daily trading of
more than U.S. $9 trillion of
equities, fixed income and other securities globally. A certified
Great Place to Work®, Broadridge is part of the S&P
500® Index, employing over 14,000 associates in 21
countries.
For more information about Broadridge, please visit
www.broadridge.com.
About MX
MX Technologies, Inc., a leader in Open Finance, makes data
accessible and actionable for everyone. MX is building the largest
open finance ecosystem to help drive innovation and improve
experiences through secure and reliable access to financial data.
MX combines trusted open finance APIs with enhanced financial data
to quickly and securely connect to and verify data for hundreds of
use cases including account opening, money movement, and
underwriting. To learn more, follow us on Twitter @MX or visit
www.mx.com.
Investors:
Edings Thibault
Head of Investor Relations, Broadridge
+1 516-472-5129
Edings.Thibault@broadridge.com
Media:
Gregg Rosenberg
Corporate Communications, Broadridge
+1 212-918-6966
Gregg.Rosenberg@broadridge.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/broadridge-teams-with-mx-to-power-data-aggregation-and-financial-wellness-solution-301644445.html
SOURCE Broadridge Financial Solutions, Inc.