Strengths include full coverage of wealth
value chain and front-to-back solutions on a single platform,
enabling advisors to manage end-to-end client journeys
NEW
YORK, Dec. 12, 2022 /PRNewswire/ -- Broadridge
Financial Solutions, Inc. (NYSE: BR), a global Fintech leader, has
been recognized by industry analyst firm Everest Group as a Leader
in its inaugural Wealth Management Products PEAK Matrix®
Assessment 2023. The report assesses 16 leading providers of wealth
management products using Everest Group's PEAK Matrix framework,
which is based on the evaluation of two key dimensions: Market
Impact and Vision and Capability.
Broadridge is among the firms that received the highest scores
in the categories of Vision and Strategy, Engagement and Commercial
Model, and Support.
"We are thrilled to be recognized as a Leader by Everest Group,"
said Mike Alexander, President of
Wealth Management at Broadridge. "The wealth management industry
has evolved greatly over the past decade, and this recognition
further showcases Broadridge's continued dedication to meeting the
needs of our clients through smart and innovative product options
amid an evolving landscape."
The report qualified that Leaders have extensive coverage across
the value chain and have heavily invested in developing advanced
capabilities by leveraging technologies such as AI/ML, RPA, and API
integrations. Leaders differentiate themselves by offering
innovative products and allied services along with improving
customer experience through hyper-personalized services.
According to Everest Group, the following strengths are unique
to Broadridge:
- Full coverage of wealth value chain and front-to-back solutions
on a single platform, enabling advisors to manage end-to-end client
journeys
- Strong partner ecosystem, marketplace offerings, development
portal for API products, and integration with WealthTechs such as
Envestnet and Wealthbox, providing clients the option to assemble
and choose various solutions
- Dedicated investments in organic and inorganic growth strategy,
allowing Broadridge to sustain market presence and cater to
changing demand themes such as alternative and digital assets
Broadridge's wealth management platform serves the top 20 North
American wealth providers and is an open-architecture,
component-based ecosystem that pioneers wealth management
technology. The flexible, scalable platform is powered by an
aggregated data layer, designed to help firms drive innovation,
perform more effectively at scale and deliver a digital, modernized
client, advisor and operations experience. Over the last year,
Broadridge launched two additional wealth management solutions
including InvestorView, a single platform providing wealth managers
access to direct-measured investor data from over 800 contributing
industry sources and insights, and Wealth InFocus, a new
communication experience that enables digital channels to reduce
cost of communication while simultaneously increasing engagement
and reinforcement of the value the advisor.
"In the past few years, the wealth management industry has seen
massive shifts in terms of customer expectations, the rise of
non-traditional asset classes, and a strict regulatory landscape.
In response, wealth managers are democratizing wealth management
services, enabling access to innovative products, and providing
hyper-personalized services. Wealth management technology providers
continue to invest in technology to enable end-to-end
digitalization of the wealth management value chain and enhance
capabilities by leveraging AL-/ML-based solutions," according
to Kriti Gupta, Practice Director, Everest Group. "Focused
investments in building front-to-back solutions on a single
platform, tapping into emerging demand themes such as alternative
and digital assets, significant partnerships with WealthTechs in
enabling clients to assemble best solutions, and client
appreciation for their industry expertise and platform maturity
have helped Broadridge secure a position as a Leader on the Everest
Group Wealth Management Products PEAK Matrix® Assessment
2023."
Everest Group's assessment is based on its annual Request for
Information process for the calendar year 2022, interactions with
wealth management product providers, client reference checks, and
ongoing analysis of the wealth management market.
About Broadridge
Broadridge Financial Solutions (NYSE: BR), a global Fintech
leader with more than $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 us and what we can do for you, please
visit www.broadridge.com.
Broadridge Contacts:
Investors:
Edings Thibault
Head of Investor Relations, Broadridge
broadridgeir@broadridge.com
Media:
Gregg
Rosenberg
Corporate Communications
Gregg.Rosenberg@broadridge.com
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SOURCE Broadridge Financial Solutions, Inc.