Broadridge Investment Management Solution Attracts the Finance Industry
LAKE SUCCESS, N.Y.: Broadridge Financial Solutions recently revealed that Prophet Capital Asset Management has adopted Broadridge's integrated trading, portfolio management and operating platform.
"An established structured credit fund like ours, with a two-decade growth trajectory and an increasingly sophisticated investor base, requires scalable, institutional-quality infrastructure," says Kurt Rechner, COO, Prophet Capital Asset Management.
Broadridge Investment Management Solutions reinforce nearly 225 hedge funds, asset managers, family offices, fund administrators and prime brokers throughout the world. It offers option for customization to support trading of complex securities. "Our global portfolio management solution enables hedge funds and asset managers to institutionalize their infrastructure and realize significant operational efficiencies by having their order management, portfolio accounting and risk management on a common platform," says Bennett Egeth, President, Broadridge Investment Management Solutions.
Broadridge allow customers to automatically reconcile trade files to prime brokers, as well as provide a daily Net Asset Value (NAV) to their administrator. This permits the user to focus on differentiating activities like alpha generation and capital rising. Broadridge also includes every virtual asset class and helps users to consolidate multiple platforms onto a single product suite.
Check Out: Top Corporate Finance Solution Companies
In another instance, Broadridge’s Performance Analytics platform has been chosen by Edward Jones for their retail investors. The platform enables Edward Jones to deliver real-time portfolio analytics and reporting features for financial advisors and their clients. “Through the new Performance Analytics platform, Edward Jones financial advisors and their clients have the ability to access and view details on their investment portfolios’ performance according to their individual needs and preferences,” states Tom Migneron, Principal in Operations, Edward Jones.
See Also: Financial Services Review