Broadridge's Advanced Technology Offering to Reduce Risk and Manage Tax Reporting Requirements is now available on any data platform.
TORONTO, Feb. 28, 2017 /CNW/ - 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.
Broadridge Financial Solutions, Inc. (NYSE: BR) is the leading provider of investor communications and technology-driven solutions for broker-dealers, banks, mutual funds and corporate issuers globally. Broadridge's investor communications, securities processing and managed services solutions help clients reduce their capital investments in operations infrastructure, allowing them to increase their focus on core business activities. With over 50 years of experience, Broadridge's infrastructure underpins proxy voting services for over 90% of public companies and mutual funds in North America, and processes on average $5 trillion in fixed income and equity trades per day. Broadridge employs approximately 10,000 full-time associates in 16 countries.
For more information about Broadridge, please visit www.broadridge.ca.
For further information: Media Contact: Linda Namias, Corporate Communications, email@example.com, 631-254-7711