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Broadridge Partners with Wealthsimple To Enter the Robo-Advisory Market

New partnership brings next-generation fintech investing to financial institutions and their clients

LAKE SUCCESS, N.Y. and TORONTO, ON - December 5, 2017Broadridge Financial Solutions, Inc. (NYSE:BR) today announced a partnership with Wealthsimple, the leading digital investing service in Canada. Working with Wealthsimple, Broadridge will offer sophisticated, user-friendly, automated investment management to support both advisor-investor and direct-to-investor models. .

Broadridge’s capabilities, integrated with Wealthsimple’s technology platform, will enable firms to drive efficiencies in client onboarding, compliance, and account transfers. Additionally, they gain access to in-demand functionality such as automated investment management, mobile access, and lower-cost ways to invest.

“With this new partnership, clients will be able to leverage highly customizable technology to target new customer segments – allowing them to get ahead of today’s challenges and capitalize on what’s next,” said Michael Dignam, president, Broadridge Canadian Securities Processing Solutions. “Our wealth solutions have the unique capacity to support both securities and mutual fund dealers, on a single platform, even though they are separately regulated entities in Canada.”

Wealthsimple's intuitive website and mobile app have quickly made it popular with individual investors; in just three years, the award-winning company has grown to manage over $1 billion for 50,000 clients in Canada, the U.S., and the U.K. For its enterprise partners, Wealthsimple builds customized solutions through a dedicated account team, offering real control over the product roadmap and development prioritization.

Broadridge’s initial focus will be Canada, and will include integration with Broadridge’s wealth solutions. Deep integration of Wealthsimple’s technology into Broadridge’s will allow for a unique single view of all assets, passive and active, from both the advisor and customer point of view.

“With Broadridge as our partner, we can reach more investors, furthering our mission to bring smarter financial services to advisors and investors,” said Michael Katchen, CEO and co-founder, Wealthsimple. “We've always believed strongly that combining human advice with great technology delivers the best experience and outcomes to investors. Through this integration, clients will be able to retain their relationships with their advisors while gaining access to a great technology experience."

About Broadridge

Broadridge Financial Solutions, Inc. (NYSE:BR), a $4 billion global fintech leader, provides investor communications and technology-driven solutions for broker-dealers, banks, mutual funds and corporate issuers globally. Broadridge’s investor 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 percent of public companies and mutual funds in North America, and processes more than $5 trillion in fixed income and equity trades per day.  Broadridge employs approximately 10,000 full-time associates in 16 countries.

For more information about Broadridge, please visit www.broadridge.com.

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