Leveraging Broadridge Wealth Data Aggregation
and Financial Reporting enables Money Concepts to create their
wealth platform for the future
NEW
YORK, July 6, 2023 /PRNewswire/ -- Money
Concepts Capital Corp. has enhanced its data management technology
with the implementation of Wealth Data Aggregation and Financial
Reporting from global Fintech leader Broadridge Financial
Solutions, Inc. (NYSE: BR). This data aggregation, reporting and
analytics solution will provide Money Concepts advisors with a
holistic view of each client's holdings and activity across
thousands of sources, gleaning insights that will enable better
decision making and the provision of hyper-personalized
services.
"Our objective is to provide effective solutions for today while
always maintaining a vision for the future needs of our
professionals," said Denis Walsh,
president and CEO of Money Concepts. "Broadridge's solution is
enabling us to optimize advisor productivity and gain unique
insights for client growth and transformation. In a seamless and
relatively quick process, we were able to shift away from legacy
technology and transfer five years' worth of historical
transactions without any delays or resistance of change from
advisors typically inherent in an aggregation conversion."
"As validated in Broadridge's latest Digital Transformation
Study, wealth management firms are accelerating their digital
transformation efforts, and it's more important than ever for
wealth management firms to modernize their technology stacks to
meet the changing needs of advisors and investors," said
Mike Alexander, president of
Wealth Management at Broadridge. "We're pleased that Money Concepts
has chosen Broadridge's solution to transform their data
management, enabling them to keep pace with current technology,
provide the personalization needed to meet growing investor
expectations, and support the digitization and streamlining of
their advisor and investor value chain."
Empowered insights
Broadridge's Data Aggregation and Financial Reporting is a
multi-product technology and data solution that benefits wealth
management firms by consolidating information about client assets
under management, cash balances, positions, transactions, spending
and more from thousands of sources, including banks. The aggregated
data enables advisors to provide their clients with household-level
reports and use prescriptive insights that adjust based on user
feedback and peer comparison financial scoring. Recent solution
enhancements have introduced new easy-to-use practice and book
level dashboards for business intelligence, financial wellness and
insights, providing a robust data platform for the future.
Broadridge Data Aggregation and Financial Reporting is part of
the Broadridge Wealth suite of innovative, market-ready component
solutions designed to deliver what's top of mind for every wealth
management firm: personalizing the investor experience, driving
advisor revenue and productivity, digitizing enterprise operations,
and delivering cost efficiencies. Powered by decades of financial
services expertise and a proven track record of helping wealth
managers drive growth and streamline their business operations,
Broadridge is redefining the future of wealth management.
Learn more about Broadridge's Data Aggregation and Financial
Reporting here.
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 90 countries.
For more information about us and what we can do for you, please
visit www.broadridge.com.
About Money Concepts
Money Concepts Capital Corp. is a privately owned independent
broker-dealer and dually registered as a Registered Investment
Advisor based in Palm Beach Gardens,
FL. Established in 1979, and its parent company Money
Concepts International, Inc. has a network of approximately 700
financial professional's centers nationwide.
In addition to serving independent advisors, Money Concepts®
provides turn-key wealth management services for community banks,
credit unions and tax professionals. Money Concepts® advisors
provide holistic planning and offer a full array of non-proprietary
products and services including advisory and alternative investment
services.
All Securities Offered Through Money Concepts Capital Corp. |
Member FINRA / SIPC
Money Concepts Advisory Service is a Registered Investment
Advisor with the SEC
All Non Securities and Non Advisory Products through Money
Concepts International, Inc.11440 North Jog Road, Palm Beach Gardens, FL 33418.
561-472-2000.
For more information
visit http://www.MoneyConcepts.com/Advisor and follow us
on Facebook, Twitter and LinkedIn.
Media contact:
Matthew
Luongo
Prosek Partners
+1 646-818-9279
mluongo@prosek.com
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SOURCE Broadridge Financial Solutions, Inc.