TORONTO, May 27, 2011 /CNW/ - Broadridge Financial Solutions, Inc.
(NYSE: BR) today announced that Penson Financial Services Canada Inc. is
now operating live on Broadridge Canada's Brokerage Processing Services
(BPS®) solution and investor communication solutions for its securities
processing and brokerage accounting businesses. In addition to these
solutions, Broadridge is also providing its leading edge, fully
customizable Business Process Outsourcing services to provide enhanced
operational efficiencies and flexibility. Penson Financial Services
Canada Inc., a member of the Penson Worldwide, Inc. (NASDAQ: PNSN)
group of companies, is the leading independent provider of
correspondent clearing services in Canada.
Broadridge has worked very closely with Penson throughout the entire
conversion process and, in response to Penson's requirements, has
further extended its breadth of processing and investor communications
capabilities to include a wide range of new enhancements.
Broadridge's enhancements for securities processing include: enhanced
correspondent services, holiday processing, additional French language
support, and the integration of Broadridge's Aspire® 2.0 Wealth Management Broker Desktop for real-time connectivity with
Penson's Advanced Order Management service.
Penson is also utilizing Broadridge's investor communication services.
Its enhanced solutions for Penson include Smart Prospectus®, electronic Smart Prospectus (eSP Lite), Trade Confirmations, Tax Forms
Plus and PostEdge® for document and report archival.
The availability of these new enhanced offerings continues Broadridge's
focus on further extending the solutions available to its customers,
and its ability to deliver the benefits of increased operational
efficiencies and reductions in costs.
John Skain, President and Chief Executive Officer, Penson Financial
Services Canada Inc., said: "Penson sees significant benefit in the
technology and operational efficiencies that Broadridge offers. The
move to Broadridge allows Penson to offer a wider range of products and
services to our customers. Penson is committed to providing greater
choice and flexibility in the services our customers expect."
Michael Dignam, President, Securities Processing Solutions, Canada,
Broadridge, said: "As the leading financial services solutions provider
in the Canadian marketplace, Broadridge is pleased to provide a full
range of products and services in support of Penson's business."
Penson is the leading independent provider of correspondent clearing
services in Canada. The firm offers a range of securities, futures and
derivatives processing infrastructure products and services including
clearing, execution, custody, margin lending, facilities management,
and technology solutions.
Broadridge is a technology services company focused on global capital
markets. Broadridge is the market leader enabling secure and accurate
processing of information for communications and securities
transactions among issuers, investors and financial intermediaries.
Broadridge builds the infrastructure that underpins proxy services for
over 90% of public companies and mutual funds in North America;
processes more than $3 trillion in fixed income and equity trades per
day; and saves companies billions annually through its technology
solutions. For more information about Broadridge, please visit www.broadridge.com.
SOURCE Broadridge Financial Solutions, Inc.
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