Broadridge: New Joint Venture And Overseas Expansion A Game Changer

Large changes continue to afflict financial services firms around the world as they face increasing regulatory compliance challenges, increased competition, rising costs, pressures to transform their operations, and significant shifts in how they communicate with their clients. Broadridge Financial Solutions (BR) is a sleepy, under-the-radar name that commands a large competitive advantage. The company was spun off from Automatic Data Processing (ADP) back in 2007. The company, which controls a significant share of the US market, recently announced plans to partner with Accenture (ACN) to expand their operations overseas targeting European and Asian banks.

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