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About Broadridge

Press Release

Matrix Product Expansion Increases Visibility and Growth Opportunities for Firms and Financial Advisors

LAKE SUCCESS, New York — March 5, 2012 — Matrix Financial Solutions, a Broadridge Financial Solutions, Inc. (NYSE: BR) company, announced today a significant expansion of its core mutual fund trading platform. The offering provides broker-dealers access to a level compensation service—a first in a completely open architecture environment—and greater visibility into plan data. The offering also includes advanced plan proposal and management features for financial advisors.

The expanded Matrix product and service offering will help financial services firms and financial advisors more successfully navigate the retirement plan process, generate new business opportunities and comply with regulatory changes, all in an open architecture environment.

The new products and services offered by Matrix include:

  • Data Feed Service – presents plan asset values, investment activity and other important information, and creates a window for broker-dealers into the activity of a firm’s advisors.
  • Level Compensation Service – provides SEC Registered broker-dealers the necessary certainty that all investment options available to plan participants will pay the firm and the representative a levelized compensation structure.  The service is offered with two options – 25 and 50 basis points. Matrix will manage all 12b-1 revenue collection and reconciliation efforts with the fund companies and offer a single payment and reporting via DTCC’s Commission Settlement service.
  • RetireToolKit Desktop Proposal Generator – enables advisors to research, select and monitor funds on behalf of the plan from a universe of more than 20,000 investment options. Professional, customized proposals can be easily packaged with pre-printed sales materials giving advisors the ability to provide plan sponsors with a highly competitive package.   
  • RetireToolKit Desktop Report Generator – allows advisors to efficiently prepare and print professional looking quarterly and annual plan reviews for meetings with plan sponsors.

“The expansion of our service offering provides all the tools needed to help retirement plan providers comply and win in this evolving environment,” said John Moody, President, Matrix. “With new fee disclosure regulations in place and fiduciary standards under review, increased visibility from an open architecture process, at both the firm and advisor level, is being viewed as the solution to help them gain new business and comply with new regulatory changes.”

Level compensation, specifically, was created to provide certainty that the pay structure for investments would be level, regardless of the investment chosen by a plan sponsor or any of its participants. Prior to introduction of this service by Matrix, firms were typically restricted in their choice of investments with level compensation plans. This new service offered by Matrix offers a level payout and access to thousands of funds, and provides broker/dealers with a powerful competitive advantage. 

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

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.

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