LAKE SUCCESS, New York – January 5, 2009 – Broadridge Financial Solutions, Inc. today announced that Canadian broker-dealer, Manulife Securities Inc. (a division of Manulife Financial) has successfully implemented Broadridge’s Dataphile solution for over 1,500 advisors in both its securities and mutual funds business segments.
Manulife Securities acquired dealer Berkshire-TWC Financial Group in June of 2007, and after extensive due diligence, selected Broadridge’s Dataphile solution as its choice of platform for consolidating the two businesses. Manulife Securities will leverage Broadridge’s Dataphile solution to implement an integrated back-office, order management system, and robust advisor workstation to support its expanding business and diversified service model.
“It was essential that Manulife partner with a service provider that could offer a core platform with the features, functionality, and scalability to support the needs of our advisors and our business, especially following the acquisition,” said Chris Buck, Vice President Information Services, Individual Wealth Management, and Frank Laferriere, CFO and COO, Manulife Securities. “Broadridge’s Dataphile solution addresses our business requirements. The Broadridge team was able to provide the conversion and implementation expertise needed to minimize risk and disruption during the transition process,” they added.
Although securities and mutual fund dealers are separately regulated entities in Canada, Broadridge’s Dataphile solution has the unique capacity to support both businesses on a single platform, enabling Manulife to effectively consolidate its business and achieve enterprise-wide efficiencies and scalability.
“All of Broadridge’s solutions, including Dataphile, are designed to assist firms like Manulife in streamlining operations and reducing costs,” noted Michael Dignam, President, Securities Processing Solutions Canada, Broadridge. “We are especially privileged to partner with Manulife as its business continues to expand and evolve,” added Dignam.
About Broadridge
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 14 countries.
For more information about Broadridge, please visit www.broadridge.com.