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TORONTO, ONTARIO, February 28, 2017 – Broadridge Financial Solutions, Inc. (NYSE:BR), a leading provider of investor communications and technology-driven solutions for financial firms globally, today announced the Tax Form Plus (TFP) solution is available to all securities brokers and dealers, regardless of their back office operating platform. TFP helps firms more efficiently manage their tax reporting requirements while automating data collection, composition, and delivery of client communications (print and digital formats supported).
The TFP solution allows companies to reduce risk and institutionalize tax operations while streamlining the composition, print and mail processes. It also enables firms to provide real-time reporting to account holders when amendments, such as distribution amounts, are made to financial information on tax forms. Broadridge’s non-proprietary approach means any securities broker or dealer can use TFP solutions regardless of the back office operating platform they are currently using.
“Broadridge’s tax management and distribution capabilities combine innovative technology with more than 50 years of experience, up-to-date knowledge of tax reporting operations and requirements, as well as a proprietary transition methodology to reliably and cost-effectively manage a firm’s and its clients’ tax needs,” said Michael Dignam, President, Broadridge Financial Solutions (Canada), Inc.
Companies, who also keep their book of records with Broadridge, will find this platform to be particularly effective through integrated quick and easy data transfers while eliminating the need for additional steps. Broadridge’s end-to-end solution significantly reduces firms’ risks and costs. TFP solution will also help to enhance client experience and significantly reduce risks associated with manual processes. Integrated preference management enables investors to choose their preferred distribution method, through either print or digital channels.
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.
For more information about us, please visit www.broadridge.com.
To contact media relations, please email us at mediarelations@broadridge.com.