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+1 800 353 0103 | North America |
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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, Inc. (NYSE: BR), a $4.5 billion global Fintech leader, is a leading provider of investor communications and technology-driven solutions to banks, broker-dealers, asset and wealth managers and corporate issuers. Broadridge's infrastructure underpins proxy voting services for over 50 percent of public companies and mutual funds globally, and processes on average more than U.S. $10 trillion in fixed income and equity securities trades per day. Broadridge is part of the S&P 500® Index and employs over 12,000 associates in 17 countries.
For more information about Broadridge, please visit www.broadridge.com.
To contact media relations, please email us at mediarelations@broadridge.com.