Broadridge Named a Leader in Wealth Management Products by Everest Group

Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader, has been recognized by industry analyst firm Everest Group as a leader in its first Wealth Management Products PEAK Matrix^® Assessment 2023. The report assesses 16 leading providers of wealth management products using Everest Group’s PEAK Matrix framework, which is based on the evaluation of two key dimensions: Market Impact and Vision and Capability.

Broadridge is among the firms that received the highest scores in the categories of vision and strategy, commitment and commercial model and support.

“We are thrilled to be recognized as a leader by the Everest Group,” so Mike Alexander, president of Wealth Management at Broadridgee. “The wealth management industry has evolved greatly over the past decade, and this recognition further demonstrates Broadridge’s continued dedication to meeting the needs of our clients through smart and innovative product options amid an evolving landscape.”

The report qualified that leaders have comprehensive coverage across the value chain and have invested heavily in developing advanced capabilities leveraging technologies such as AI/ML, RPA and API integrations. Leaders differentiate themselves by offering innovative products and allied services along with enhancing the customer experience through hyper-personalized services.

According to the Everest Group, the following strengths are unique to Broadridge:

• Full wealth value chain coverage and front-to-back solutions on a single platform, enabling advisors to manage end-to-end client journeys
• Strong partner ecosystem, marketplace offering, API product development portal and integration with WealthTechs such as Envestnet and Wealthbox, giving clients the ability to assemble and choose different solutions
• Dedicated investments in organic and inorganic growth strategy, allowing Broadridge to maintain market presence and address changing demand themes such as alternative and digital assets

Serving the top 20 North American wealth providers, Broadridge’s wealth management platform is a component-based, open-architecture ecosystem that pioneers wealth management technology. The flexible, scalable platform is powered by an aggregate data layer, designed to help businesses drive innovation, perform more efficiently at scale and deliver a digital, modernized client, advisor and operational experience. Over the past year, Broadridge launched two additional wealth management solutions, including InvestorView, a single platform that gives wealth managers access to directly measured investor data from over 800 contributing industry sources and insights, and Wealth InFocus, a new communications experience that enables digital channels to reduce the costs of communication and at the same time increase commitment and reinforce the value of the adviser.

“In recent years, the wealth management industry has seen massive changes in terms of client expectations, the rise of non-traditional asset classes and a strict regulatory landscape. In response, wealth managers are democratizing wealth management services, providing access to innovative products and delivering hyper-personalized services. Wealth management technology providers continue to invest in technology to enable end-to-end digitization of the wealth management value chain and improve capacity by leveraging

AL-/ML-based solutions,” according to Kriti Gupta, Practice Director, Everest Group. “Focused investment in building front-to-back solutions on a single platform, leveraging emerging demand themes such as alternative and digital assets, significant partnerships with WealthTechs to enable clients to put together best-of-breed solutions, and client appreciation for their industry expertise and platform maturity have helped Broadridge secure a position as a leader on the Everest Group Wealth Management Products PEAK Matrix^® Assessment 2023.”

Everest Group’s assessment is based on its annual Request for Information process for calendar year 2022, interactions with wealth management product providers, client reference checks and ongoing analysis of the wealth management market.