Matrix Financial Solutions Converts $8 Billion of BOK Financial Corporation Assets to its Trading Platform

LAKE SUCCESS, N.Y., March 11, 2013 — Matrix Financial Solutions, a Broadridge Financial Solutions, Inc. (NYSE:BR) company, announced today that it has seamlessly converted $8 billion in assets from BOK Financial Corporation to its trading platform in just two days with no blackout – compared to the industry standard three-day blackout period.  This type of increased efficiency, due to Matrix’s award-winning technology, was cited as a major reason for the conversion.

Matrix’s innovative technology has revolutionized mutual fund trading and reconciliation. Using a true, straight-through trade process, BOK Financial Corporation is able to support daily reconciliation, reduce costly errors associated with manual transactions and streamline entry time. In addition, the Matrix trading system enables BOK Financial Corporation to submit mutual fund trades with outside brokers who will be compensated directly from the mutual fund companies, creating unprecedented levels of efficiency and control.

“Matrix is known throughout the industry for having excellent technology as it relates to mutual fund trade processing,” said Chris Gausvik, Senior Vice President, BOK Financial Corporation. “As we continue to grow and the banking landscape becomes more competitive, we felt that implementing Matrix would help us increase trading efficiencies without increasing costs. Their proprietary technology and systems logic has allowed us to achieve more accurate trading, higher revenue throughput and improved reporting capabilities, which is an important competitive advantage.”

“We are delighted that BOK Financial Corporation has converted assets to the Matrix platform and will now have access to our industry-leading mutual fund trading services,” said John Moody, President, Matrix Financial Solutions. “Our goal is to give them the ability to take fund management to the next level, giving them the tools to service their clients the best way they can. All of our services are built on industry best practices and leveraged knowledge that’s derived from years of hands-on experience. That’s how we help our clients target areas of greatest need and achieve measurable, positive results in a highly efficient manner. BOK Financial Corporation is no different in that regard and we look forward to a long, productive relationship.”

Matrix Financial Solutions provides many services that can assist bank and trust customers. The Automated Transfer Process using B52 capability allows customers to successfully convert billions of dollars to Matrix’s trading platform in a timely manner.