Matrix provides automated clearing and settlement of mutual fund transactions for
bank trusts, TPAs and record keepers. Its proprietary technology platform collects
trade orders from bank trusts, TPAs and record keepers and provides the connectivity
to the NSCC for clearing. Matrix also has agreements with over 500 mutual fund families
to collect 12b-1, sub administration and shareholder servicing fees from mutual
funds and pass them to financial intermediaries to compensate specific individual
brokers at the selling brokerage firm. The National Securities Clearing Corporation
(NSCC) has named Matrix the leading automated mutual fund clearing platform provider
for eight consecutive years.
We expanded the RetireTool(k)it giving financial advisors access to over 25,000
mutual funds. This web application provides advisors, brokers, TPAs and record keepers
with an open architecture tool that delivers an end-to-end solution, from fund selection
and monitoring, investment policy statements, plan proposals and enrollments kits
to quarterly and annual monitoring reports. Also, when it comes to new fee disclosure
regulations such as ERISA 408(b)(2), Matrix has the tools and the know-how to help
plan advisors choose the best approach to comply with regulatory obligations while
reducing costs. Learn more about the RetireTool(k)it.
Our newly introduced innovative annuity partner solution, offered only by Broadridge,
allows insurance carriers to exercise decision autonomy through the distribution
of mutual fund proxy materials to variable annuity customers. The Annuity Partner
Solution provides automatic notifications of upcoming mutual fund issuer proxy events
while helping identity and extract eligible accounts in a secure and seamless process.
You are now able to provide variable annuity client data in a secure and timely
manner and most importantly deliver an exceptional experience to your customers.
With the addition of Mobile ProxyVote®, investors now have the convenience of voting
their shares from the Internet and mobile devices. Mobile ProxyVote provides links
to electronic proxy material, the ability to request paper fulfillment and eDelivery
enrollment. Mobile ProxyVote is efficient by design, created as a direct response
to consumers' rapidly changing preference to access and act on information on the
It was even voted “Most innovative mobile solution” by Financial Technologies Forum.
This app is compatible with an array of mobile devices, including the Apple iPhone®
and iPad®, BlackBerry® Smartphone, AndroidTM, Microsoft Tablets and other smartphone
platforms. Learn more about Mobile Proxy Vote.
We have a continued commitment to the Defined Contribution industry and are focused
on growing the Third-Party Administrator channel. We enhanced our offerings to provide
end-to-end DC Self-Service solutions. These self-service solutions include our ePASS
(enrollment kits), Automated Statement Generator (participant statements) and Fund
Solutions (fund fact sheets).
These self-service products can be purchased very inexpensively as a bundled offering.
Defined Contribution providers will be partnered with a dedicated representative
to help streamline operations, raise participation and increase assets under management.
We hosted a series of webinars this fall to assist in deciphering the fee disclosure
regulation. Broadridge provides “best-in-class” capabilities to comply with 404(a)(5)
and 408(b)(2) regulatory obligations while reducing costs. Our fully automated,
communications delivery platform addresses the needs of providers of any size.
We expanded our multi-channel communications offerings by adding another distribution
channel to our portfolio of communication solutions – Digital Mail. In conjunction
with Pitney Bowe’s new VollyTM secure digital delivery service, Digital Mail, a
consumer-focused delivery and consolidation service that enables you to provide
your customers with more choice and control over how they receive and manage their
financial communications. All communications are integrated into just one mail stream.
The new platform empowers consumers to review, view, organize and manage bills,
statements, financial documents and other content from multiple providers. The spam-free
application offers improved communications, faster response times and better tracking.
You will also enjoy the boost in resources while your clients appreciate a richer,
more interactive relationship. Learn more about Volly.
With the implementation of new technologies such as quick response codes (QR codes)
and mobile apps, you can get information in front of your clients faster. QR codes
are the newest marketing form and are here to stay. It is a type of 2D bar code
that may be decoded using your Smartphone with a QR code reader. Its popularity
has grown due to its fast readability and comparatively large storage capacity.
We already began implementing QR codes in our clients’ marketing materials. There
is no limit to what you can share with QR codes. Whether you would like to share
a landing page with video or an entire eBook, you can quickly build a community
and mobilize users to take action. QR codes are especially effective because you
can put them anywhere - on your business card, your event nametag, your packaging
or any marketing materials. Utilize QR codes to enjoy unprecedented marketing reach
with measurable results. Learn more about QR codes.
We surveyed advisors related to their book of business, experience and communication
preferences. This intelligence is being used to develop solutions for mobile devices
that allow you to tackle the task of doing business with greater ease and efficiency.
Historically variable product issuers managed policyholder regulatory communications
with the traditional “tri-annual mailing” consisting of separate annual prospectus,
semi-annual report and annual report mailings. From a distribution standpoint, these
mass mailings were the most efficient, though expensive, way to manage policyholder
compliance communication obligations. But from a customer perspective, the “Big
Books” they received in the mail were 90% irrelevant to their personal holdings
– as the average variable annuity has 51 subaccounts compared with the typical investor
that only has 4 to 5 holdings.
Leveraging our proprietary portfolio-specific data processing capabilities, along
with our EDGAR-sourced content database of regulatory filings containing 350+ data
elements, Broadridge brings a suite of integrated “best-practice” capabilities to
you with Intelligent Fulfillment Solutions (IFS). IFS is a fully managed, end-to-end
fulfillment management solution that enables variable product issuers and distributors
to meet their various compliance document distribution obligations while achieving
the best experience at a reduced cost. At the heart of the offering is the data
processing engine that aggregates investor data from across multiple systems representing
your business lines and runs it against a flexible, business rules library that
is custom configured to meet your unique and evolving needs. Additionally, IFS delivers
access to a variety of output options including portfolio-specific printing with
summary prospectus, e-delivery and web presentment, and an industry utility for
shareholder mail that can be combined or unbundled to significantly reduce costs,
improve compliance adherence and enhance investor communications – all while maintaining
total client control. Learn more about our IFS solution.
For years Broadridge has been the industry standard for first-dollar prospectus
fulfillment and regulatory mailings within the brokerage and bank intermediary channel.
Broadridge is now extending these two cost-efficient utilities for first-dollar
transactions and regulatory mailings (i.e., shareholder reports and annual prospectuses)
to insurance and retirement providers through the Intelligent Fulfillment Solutions
(IFS) platform. As a result, variable product carriers and retirement plan providers
can direct bill approved fulfillment expenses for daily first-dollar post-sale prospectus
fulfillment and regulatory mailings to fund partners based on their negotiated participation
This service not only benefits insurance and retirement providers by eliminating
the cumbersome process of seeking reimbursement for printing and mailing expenses
from fund companies, it also benefits fund companies by streamlining and consolidating
print requests and utilizing the industry’s lowest cost fulfillment model. Fund
companies can now make a single print request to their offset printer for all regulatory
materials, eliminating multiple print and frequent reimbursement requests.
Broadridge provides a single platform for print and electronic delivery, using suppression
and postage discounts to keep costs down and provides aggregated mailing reports
to simplify reimbursement.
Our ePASS solution offers Defined Contribution providers control and efficiency
in building enrollment books. This web-based, out-of-the box solution saves time
by coordinating and developing every nuance of your enrollment book.
Once the book is completed, Defined Contribution providers can instantly facilitate
electronic distribution via a dynamic link at the click of a button. This dynamic
link delivers any subsequent changes to the enrollment book. Flexible and intuitive,
the ePass solution provides standardized templates and allows for original PDF files
to be uploaded directly from a computer into the enrollment book. Through the use
of Morningstar fund fact sheets and adherence to the highest SAS 70 Type II standards,
Broadridge’s ePASS solution provides another vehicle to maximize efficiency and
drive business growth.
Broadridge Financial Solutions, Inc. is a technology services company focused on
global capital markets. We are the market leader enabling secure and accurate processing
of information for communications and securities transactions among issuers,mutual
funds, investors and financial intermediaries.
This information is provided for informational purposes only and should not be interpreted
as legal, financial or other form of advice and no legal or business decision should
be based on its content.
Broadridge 1155 Long Island Avenue, Edgewood, NY 11717 1-800-353-0103