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NEW YORK, October 23, 2018 –In response to customer and industry demand for greater fiduciary transparency, Broadridge Financial Solutions, Inc. (NYSE:BR), an S&P 500 company and global Fintech leader, announces the integration of the Fi360 Fiduciary Score within Broadridge’s Distribution Insight platform. Broadridge’s predictive analytics solution, Opportunity Hunter, will include Fi360 Fiduciary Scores for each investment and enhanced advisor profiles, combining competitive intelligence on funds with advisor rankings.
“Prioritizing higher levels of fund and advisor transparency is more important than ever as a result of significant regulatory pressure including the fiduciary rule, SEC best interest proposal and ERISA litigation and settlements,” said Dan Cwenar, Broadridge’s head of asset management data and analytics. “By augmenting our distribution insight platform with Fi360 data, we are able to bring more transparency to the asset manager and financial advisor relationship, ultimately benefitting the end investor.”
“Financial advisors rely on our products to improve transparency and perform due diligence on the information provided by their asset managers,” said John Faustino, AIFA®, PPC®, Chief Product and Strategy Officer of Fi360. “It’s only natural for asset management firms to have native visibility into the same fiduciary metrics on which their products are evaluated, and the integration with Broadridge will facilitate a stronger relationship between advisors and asset managers.”
Fi360 provides fiduciary technology, education and data. The Fi360 Fiduciary Score is a transparent and objective investment rating system that provides the ability to compare peer investments and determine fiduciary appropriateness. By combining Fi360 scores with existing industry data and Broadridge proprietary data, Broadridge will provide a way for investment managers to measure themselves, their funds and their competitors by the same metrics that advisors trust.
Broadridge and Fi360 plan to expand this strategic partnership in the coming months with the addition of portfolio profiles within Broadridge’s Distribution Insight platform.
Fi360, a Broadridge® Company, is a fiduciary education, training and technology company that helps financial intermediaries use prudent fiduciary practices to profitably gather, grow and protect investors’ assets. Since 1999, the firm has provided financial professionals with the tools necessary to act as a fiduciary in their work with investors. Headquartered in Pittsburgh, PA, Fi360 is the home of the Accredited Investment Fiduciary® (AIF®) designation, the Fiduciary Focus Toolkit™ and the Fi360 Fiduciary Score®. Fi360 is also the parent company of CEFEX and was acquired by Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader and part of the S&P 500® Index, in 2019. Learn more at www.Fi360.com, via Twitter or on LinkedIn.
Broadridge Financial Solutions (NYSE: BR), a global Fintech leader with over $4.5 billion in revenues, provides the critical infrastructure that powers investing, corporate governance, and communications to enable better financial lives. We deliver technology-driven solutions to 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. In addition, Broadridge’s technology and operations platforms underpin the daily trading of on average more than U.S. $10 trillion of equities, fixed income and other securities globally. A certified Great Place to Work®, Broadridge is a part of the S&P 500® Index, employing over 12,000 associates in 17 countries. For more information about us and what we can do for you, please visit www.broadridge.com.
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