LAKE SUCCESS, New York, December 13, 2011 – Broadridge Financial Solutions, Inc. (NYSE:BR) today announced the Asia Pacific launch of its PROactive Fee & Commission Manager solution to help financial organizations including banks, brokers-dealers and investment management firms in the region that are seeking to reduce their trading costs. The solution helps firms better manage brokerage fee and commission payments and receipts, while also driving increased operational efficiency and improved management control.
The solution provides full control of commissions and fees, ensuring that firms have the information required to manage payments and receipts across all financial instruments, entities and trading partners. As a result, firms can avoid being overcharged by basing commission and fee calculations on well-managed internal records. The solution also enables firms to take a business-wide view of payments and receipts, leading to increased buying power and cost savings, and the ability to negotiate improved brokerage terms and leverage best execution across trading relationships.
In conjunction with the launch, a new white paper sponsored by Broadridge entitled “Insights into Fee and Commission Management in Asia” is being made available. The paper takes a detailed look at the challenges for Asia-based financial organizations and identifies areas where technology can help. The paper, published by Shanghai-based financial technology research and advisory consultancy, Kapronasia, is now available at www.Broadridge.com/fee and www.Kapronasia.com.
Akhter Khan, Head of Asia Pacific, Securities Processing Solutions, International, Broadridge, said, “The challenges for firms operating in Asia are the complexity and number of relationships and fees that they have to deal with on a regular basis. We regard this solution as an important innovation and a timely response to market demand for greater oversight and control of fees and commissions.”
The solution is already market proven and delivering tangible business benefits to clients in Asia Pacific, as well as in western markets.
Broadridge Financial Solutions, Inc. (NYSE:BR) is the leading provider of investor communications and technology-driven solutions for broker-dealers, banks, mutual funds and other corporations. Broadridge’s investor and customer communications, securities processing and managed services solutions help clients reduce their capital investments in operations infrastructure, allowing them to increase their focus on core business activities. With over 50 years of experience, Broadridge's infrastructure underpins proxy voting services for over 90% of public companies and mutual funds in North America and processes on average $5 trillion in equity and fixed income trades per day. Broadridge employs approximately 10,000 associates in 16 countries.
For more information about Broadridge, please visit www.broadridge.com.
The Torrenzano Group
+1 212 681 1700
Broadridge Financial Solutions, Inc.
+44 (0)20 7551 3000