It expands the set of digital participation tools for wealth management companies
NEW YORK, October 11, 2022 /PRNewswire/ — To provide financial advisors with an innovative holistic view of all aspects of an investor’s financial journey, global Fintech leader Broadridge Financial Solutions, Inc. (NYSE: BR), today announced a strategic partnership with open finance leader MX to leverage the company’s financial data aggregation and customized financial management automation solutions. This is another example of providing wealth management firms with differentiated, value-driving point solutions to optimize advisor productivity and insights for client growth and transformation.
This solution will provide financial advisors with a 360° view of the client and enable Broadridge to improve their business experience, deliver personalized financial insights at scale and strengthen data governance with MX’s secure money management platform and information from automated financial health. As a result, financial advisors will have complete access to actionable information about their clients’ assets and liabilities, better equipping them to provide relevant recommendations for long-term financial success.
“Investors today have an unprecedented level of control over their assets, but the current market environment has reminded us that it is still beneficial to have access to the personal touch of an advisor. Through this strategic partnership with MX, we ensure that advisor Touch is not only personal, but also timely and driven by intelligence and data,” said Mike Alexander, President of Wealth Management at Broadridge. “By combining Broadridge’s expertise in investment data with MX’s deep understanding of frictionless money experiences, our financial advisor clients will now have access to a new comprehensive offering that provides a more personal and holistic view of financial planning”.
MX is building the largest open financial ecosystem to help people improve their financial lives. With MX, organizations like Broadridge can securely access and act on the world’s financial data through trusted connections and state-of-the-art data enhancements. This is part of a broader set of digital engagement tools available on Broadridge’s Wealth Platform, an open, component-based ecosystem with a flexible and scalable platform powered by an aggregate data layer. The Broadridge Wealth Platform is designed to help businesses drive innovation, perform more effectively at scale, and deliver a modernized, digital client and advisor experience.
“Our integration with Broadridge demonstrates our shared commitment to driving the open financial economy by empowering financial institutions and the investment community, with data-driven insights,” he said. Don Parker, executive vice president of associations, MX. “MX makes data accessible and actionable, and our partnership with Broadridge will help advisors and investors build a stronger, more modern data infrastructure.”
The MX tools being integrated and embedded into Broadridge’s data aggregation solution will provide advisors with a robust set of financial wellness capabilities that are easy-to-use digital tools to provide insight into the everyday financial lives of a customer
Broadridge Financial Solutions (NYSE: BR), a global Fintech leader with 5 billion dollars in revenue, it provides the critical infrastructure that drives investment, corporate governance and communications to enable a better financial life. We provide technology-based solutions that drive business transformation for banks, brokers, asset and wealth managers and public companies. Broadridge’s infrastructure serves as a global communications hub that enables corporate governance by linking thousands of public companies and investment funds with tens of millions of individual and institutional investors worldwide. Our technology and trading platforms support the daily trading of more than the US 9 trillion dollars of shares, fixed income and other securities worldwide. A great place to work certified®Broadridge is part of the S&P 500® Index, which employs more than 14,000 associates in 21 countries.
For more information about Broadridge, visit www.broadridge.com.
MX Technologies, Inc., a leader in Open Finance, makes data accessible and actionable for everyone. MX is building the largest open financial ecosystem to help drive innovation and improve experiences through secure and trusted access to financial data. MX combines trusted open finance APIs with enhanced financial data to quickly and securely connect and verify data for hundreds of use cases, including account opening, money movement and underwriting. For more information, follow us on Twitter @MX or visit www.mx.com.
Head of Investor Relations, Broadridge
Corporate Communications, Broadridge
SOURCE Broadridge Financial Solutions, Inc.