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Press Release

Matrix Expands TrueOpen Architecture Platform to Support Insurance Industry

Brings Industry Leading Turn-Key Financial Products and Services to New Market Appoints Shaun McNeill to Lead Insurance Business

LAKE SUCCESS, N.Y., August 20, 2012 — Matrix Financial Solutions, a Broadridge Financial Solutions(NYSE:BR) company and leading provider of TrueOpen Architecture retirement plan and mutual fund processing products and services for banks, broker/dealers, financial advisors and third party administrators (TPAs), today announced it will expand its financial services and processing offerings to support the insurance industry.

The insurance industry, with its bundled product offering, faces the same needs and challenges as Matrix’s current customer base of TPAs, banks and advisors, making Matrix’s entry into the insurance market a natural expansion for its proven suite of financial services solutions.  Matrix’s open architecture platform will offer bundled providers an alternative to their traditionally closed fund options in light of new fee regulations, and flexibility for plan sponsors seeking more customized retirement options for participants. In addition, Matrix’s services will also provide enhanced operational function, process automation, tools to help support their regulatory compliance needs, and expanded fund access through user-friendly and cost-effective solutions.

Matrix provides insurance companies with access to mutual fund and Exchange Traded Fund (ETF) processing through the most automated and cost-effective transaction processing available. This access will allow insurance providers the capability to achieve plan-level or Omnibus trade processing, wherein mutual funds, money markets and ETFs are all traded on a single platform.

To lead this new effort, Matrix has appointed Shaun McNeill as Assistant Vice President of Sales and Marketing. McNeill will spearhead Matrix’s efforts in the insurance marketplace as it looks to build upon its initial market position.

“Insurance is an underserved market that will truly benefit from our experience and position as a trusted partner to leading financial institutions,” said John Moody, President, Matrix Financial Solutions. “Our unique ability to consolidate critical back-office functions, including trust, trading and technology, while driving cost savings, expanding fund access and helping clients navigate the changing regulatory environment, allows our clients to focus on their core businesses. With Shaun’s leadership and a dedicated team now serving the insurance industry, we are well-positioned to build upon our presence in this market.”

Mr. McNeill brings a strong track record of success and extensive experience in both the technology and insurance space. Prior to joining Matrix, Mr. McNeill served as vice president of sales at Vertafore Corporation, where he was responsible for top line revenue generation and sales expense management. He’s also led sales and marketing teams at Silverplume, USA Mobility Inc. and American Fair Credit Association. In each of these positions, Mr. McNeill played a vital role in devising aggressive growth plans, driving revenue, growing sales and marketing teams, and building customer relationships.

Mr. McNeill received his B.S. in marketing from Adams State University. He has extensive training in consultative sales, personnel management and operations management.

About Matrix Financial Solutions

Matrix Financial Solutions, now part of Broadridge Financial Solutions, Inc., is a leading provider of TrueOpen™ retirement products and services for third party administrators, financial advisors, banks and other financial professionals. Matrix serves more than 400 financial institutions with over $300 billion in customer assets processed through its trading platform. For more information about Matrix, please visit matrix.broadridge.com.

About Broadridge

Broadridge Financial Solutions (NYSE: BR), a global Fintech leader with more than $6 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. $10 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, please visit www.broadridge.com.

To contact media relations, please email us at mediarelations@broadridge.com.