Aspire Performance Reporting Service Now Deployed for 12,000
Financial Advisors and Nearly Seven Million Clients
LAKE SUCCESS, N.Y.--(BUSINESS WIRE)--
Broadridge Financial Solutions, Inc. (NYSE:BR) today announced that
financial services firm Edward Jones has implemented Broadridge's Aspire(R)
Performance Reporting service for its nearly seven million retail
clients. More than 12,000 Edward Jones financial advisors can now use
Broadridge's Aspire Performance Reporting to deliver premium performance
reporting to all of their clients - perhaps the largest on-demand
performance reporting solution in the industry.
Norm Eaker, a principal at Edward Jones, said: "Now our 12,000-plus
financial advisors are always ready when a client asks: 'How am I doing
today?' Our financial advisors are thrilled with the high level of
personal service they can offer to their clients. Broadridge's Aspire
Performance Reporting service gave us a new and unique solution that
made it technically and economically practical to take this step."
Greg Johnson, an Edward Jones financial advisor from Tennessee adds:
"Having a succinct and understandable performance report adds to our
ability to meet client needs. It will allow me to provide much better
service in the future!"
"Edward Jones is one of the most highly-respected and
nationally-recognized firms in our industry, and we're delighted to have
them as the first client to take advantage of our new Aspire Performance
Reporting service," said Charlie Marchesani, President, Securities
Processing Solutions-US, Broadridge.
"We built our Aspire Performance Reporting engine with the goal of
providing the differentiating capability for our users to
cost-effectively offer performance reporting to all their clients. We
are very proud to have worked with Edward Jones to implement Aspire
Performance consistent with this goal and to provide exceptional value
to all their financial advisors and clients," Mr. Marchesani added.
This deployment expands the extensive partnership between Broadridge and
Edward Jones. Edward Jones also uses Broadridge's brokerage processing,
tax-lot accounting, and other core processing services.
Broadridge's Aspire Performance Reporting service was built to offer
tremendous functionality and economic value to broker-dealers looking to
extend or enhance a performance offering for all their customers. Aspire
provides dramatically higher capacity than ever before available, at
dramatically lower cost-per-account, with a full range of highly
sophisticated analytical capabilities. The service provides daily
performance returns - calculated by security, strategy, account,
household, and composite -- for any user-selected period. The service:
-- Offers time- and dollar-weighted calculations, net or gross of fees
-- Supports standard and composite benchmarks and provides extensive
performance analytics, including standard deviation, Sharpe Ratio, alpha
and beta statistics
-- Provides multi-currency/multi-strategy processing and reporting
About Edward Jones
Edward Jones provides financial services for individual investors in the
United States and, through its affiliate, in Canada. Every aspect of the
firm's business, from the types of investment options offered to the
location of branch offices, is designed to cater to individual investors
in the communities in which they live and work. The firm's 12,000-plus
financial advisors work directly with nearly 7 million clients to
understand their personal goals -- from college savings to retirement --
and create long-term investment solutions that emphasize a well-balanced
portfolio and a buy-and-hold strategy. Edward Jones embraces the
importance of building long-term, face-to-face relationships with
clients, helping them to understand and make sense of the investment
options available today. Edward Jones, which ranked No. 2 on FORTUNE
magazine's "100 Best Companies to Work For 2009," is headquartered in
St. Louis. The Edward Jones Web site is located at www.edwardjones.com,
and its recruiting Web site is www.careers.edwardjones.com.
Member SIPC.
About Broadridge
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.