Our History

The History of Broadridge

Broadridge began as the brokerage services division of ADP in 1962. Since then, we’ve grown to be a valuable partner for the world’s leading financial institutions and corporate issuers – handling millions of trades involving trillions of dollars every day and over one billion investor communications per year.  We became an independent, publicly-traded company in 2007.

Broadridge – Proud of our five decades of success.

1962 – The Brokerage Services division of ADP opened for business with one client, processing an average of 300 trades per night.

Our business focused on US-based securities processing solutions until 1979 when we began processing Canadian securities.

In the 1980’s, we started our Investor Communication Solutions business and in the first year of operations, we provided proxy services to 31 major clients.

Then in the 1990’s Broadridge embarked on a series of strategic acquisitions that enabled us to broaden our offering and provide greater value to our clients. These acquisitions allowed us to:

  • Provide the global financial community with transaction processing systems that offered multi-currency clearance and settlement.
  • Process fixed income, as well as equity transactions.
  • Increase our proxy service capabilities to encompass electronic delivery, voting and tabulation services for corporate issuers and mutual funds in the US, Canada and the UK.

Prominent achievements in the 1990’s:

  • 1993 – ShareLink® is launched, permitting clients the ability to send laser-printed dividend checks with personalized communications to their shareholders.
  • 1994 – StreetLink® is launched, a cost-effective alternative to traditional glossy, expensive quarterly reports, and can be printed and mailed within three days.
  • 1994 – Introduction of ProxyEdge®, a tool to support electronic, real-time voting to institutional investors.
  • 1996 – New telephone proxy voting enables same-day vote tabulation for all shareholders.
  • 1996 - We purchased the fixed income processing business during the 1990’s and now process trillions of dollars of financial settlements every day.
  • 1997 – Investor Communications business system attains ISO 9002 Certification, underscoring our superior level of quality assurance.
  • 1997 – Introduction of Gloss HV, a multi-instrument, multi-currency trading and settlement system.
  • 1998 – Introduction of Internet proxy voting and electronic delivery of shareholder communications.

The 2000’s are marked with expansion of services and innovation. We began trading as an independent public company in 2007.

During this decade, we:

  • Expanded production and distribution capabilities to provide print-on-demand, electronic delivery and archiving services
  • Gained global acceptance of our proxy services
  • Entered the stock transfer agency business
  • Introduced technology-driven services that enable shareholders to communicate with one another in a secure environment, participate in annual meetings via the Internet, and vote their proxies on mobile devices
  • Developed cutting edge e-solutions that help clients reduce cost and facilitate the proxy process, as well as transaction reporting and pre- and post-sale fulfillment
  • Revolutionized business process outsourcing by offering the ability to outsource virtually any back-office, middle-office, corporate, finance or accounting function
  • Began serving the buy-side with order management and portfolio management systems, data aggregation, reference data management, pricing, data warehousing, hosting and reporting

Notable innovations during the 2000’s:

  • 2001 – Received ISO 9000 Certification for our brokerage processing system
  • 2002 – Introduced Japanese language version of Gloss trade processing product
  • 2004 – Launched new Intelligent Print solution that combines per portfolio processing, print-on-demand and selective offset printing to significantly reduce the costs associated with variable annuity compliance documents
  • 2005 – Third party research and analysis is integrated to the ProxyEdge electronic voting platform, creating a single visit tool for research, voting, and recordkeeping
  • 2006 – Introduced a comprehensive year-end tax information reporting service to brokers through alliance with The Depository Trust & Clearing Corporation
  • 2007 – Launched Ascendis, a new suite of solutions to optimize processing by utilizing customized workflow tools
  • 2008 – Launched Investor Mailbox, which streamlines multiple delivery channels into a single-visit financial portal, creating optimum client and staff access to regulatory delivery notices, day-to-day account and investment information
  • 2008 – Receives the prestigious ISO 27001 Certification – distinguishing us for our superior information security
  • 2009 – Launched Virtual Shareholder Meeting service offering ability to validate investors that attend, question and vote online during the annual meeting
  • 2009 – Expanded by acquiring Access Data to advance our data aggregation and data management solutions for the mutual fund industry
  • 2010 – Entered the transfer agency business with the acquisition of StockTrans, extending our proxy and shareholder communication services to include more recordkeeping services and processing corporate actions
  • 2010 – Expanded our international reconciliation, multi-asset process automation and operational risk management solutions to the global financial services industry through our acquisition of City Networks
  • 2010 - Mobile ProxyVote® launched, allowing stockholders to use any browser-enabled mobile or tablet computing device to cast proxy votes
  • 2011 - Added DigitalMail, empowering consumers to receive bills, statements and financial documents from multiple providers using a single application
  • 2011 - Launched Optimal Proxy™, a proxy campaign management solution for mutual funds that analyzes details of a fund’s stockholder base, delivering greater proxy planning accuracy and campaign control for proxy events
  • 2011 – Expanded our business process outsourcing (BPO) solutions beyond traditional securities processing; in alliance with IBM, we can perform administrative functions for firms in addition to back-office and middle-office securities processing services
  • 2011 – Acquired Matrix, a mutual fund processing solution for third party administrators
  • 2011 – Significantly expanded our services to buy-side clients through our acquisition of Paladyne Systems
  • 2013 – Launched ProxyPulse, a preview of shareholder voting trends as they take shape, in collaboration with PwC’s Center for Board Governance
  • 2013 – Expanded our fee and expense management solutions offering through our acquisition of Bonaire Software Solutions, LLC
  • 2013 – Began collaboration with Accenture in new post-trade processing solution for banks operating in Europe, Asia, Australia and the Middle East
  • 2014 - Acquired Emerald Connect, a leading provider of websites and related communications solutions for financial advisors, further augmenting Broadridge’s marketing and communications product offering.
  • 2014 - Acquired TwoFour Systems LLC, a provider of real-time foreign exchange solutions for banks and broker-dealers, augmenting Broadridge’s ability to address the rising demand for foreign exchange and cash management services among financial institutions.
  • 2015 – Acquired Direxxis LLC, a provider of cloud-based marketing solutions and services for financial advisors, further building out the capabilities of Broadridge’s Financial Advisor Solutions suite.
  • 2015 - Acquired the trade processing business of the Wilmington Trust Retirement and Institutional Services unit of M&T Bank Corporation, further enhancing Broadridge’s best-in-class mutual fund and trade processing platform.
  • 2015 – Acquired the Fiduciary Services and Competitive Intelligence unit of Thomson Reuters’ Lipper division, a provider of global market intelligence for fund industry flows, reinforcing our position as a leading provider of data solutions and market intelligence for mutual funds.
  • 2015 – Acquired QED Financial Systems, Inc., a provider of investment accounting solutions, data management, outsourced accounting and professional services to institutional investors and asset managers.
  • 2016 – Acquired Anetics, a provider of securities lending solutions for broker-dealers, buy-side firms and custodial banks to address the rising demand for advanced trading tools and automated workflow.

To learn more, contact Broadridge.

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