Mangano Showcases Broadridge Financial Solutions
Local Lake Success Business Employs Over 1,700 on Long Island
Nassau County Executive Edward P. Mangano today showcased Broadridge Financial Solutions, Inc. as the Nassau County “Employer of the Month.” Broadridge builds the infrastructure that underpins proxy services for over 90% of public companies and mutual funds in North America; processes over $4 trillion in fixed income and equity trades per day; and saves companies billions annually through its technology solutions. Broadridge employs 1,703 workers on Long Island and over 6,200 worldwide.
“Businesses like Broadridge are the heartbeat of our local economy,” said County Executive Mangano. “With local employers contributing to the economic base and connectivity of our local communities, we must help raise awareness of the role they play and promote a business-friendly Nassau that attracts suppliers and distributors in similar industries. The “Employer of the Month” designation is one way of bringing attention to their outstanding efforts and the jobs they provide residents in our County.”
Broadridge enables the Financial Services Industry to achieve superior levels of performance through their passion to deliver extraordinary value to their clients, shareholders and associates. Broadridge is now expanding their efforts to include a wider circle of stakeholders: all communities and the planet. Spun off from ADP in 2007, 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.
Recent and Planned Future Growth
Broadridge is involved with Pitney Bowes in a partnership relative to a product called VOLLY, which is a digital mailbox. Every individual is going to be able to get mail, just based on their address. It will be just like the mailbox in front of your house except it'll be electronic.
Broadridge also recently bought a company called Paladyne that is focused on serving hedge funds and those who manage money for other people. That segment has been growing substantially and we expect it to continue to grow. Paladyne will serve as the foundation for the expansion of Broadridge’s buy-side offering, enabling us to bring Paladyne’s unique solutions to hedge funds, our existing prime brokerage clients, asset managers, hedge fund administrators and other asset servicers.