Broadridge, SRD

Aviso Wealth Chooses Broadridge for Its Wealth Management Platform

Broadridge Financial Solutions, a global fintech leader that provides trading platform and services to large clients, has been chosen by Aviso Wealth Inc, a Canadian financial services company, to provide its digital advisory desktop and securities processing engine as well as Digitial Information Onboarding platform.

Aviso Wealth has over $95 billion as assets under its management and provides wealth solutions for major clients including large investors, companies and financial organisations across Canada. With such large funds under management, it is indeed very important for the company to choose the right partners to work with so as to manage risk and also ensure stability in its platforms.

“Broadridge is the only firm with the proven technology, scale and experience to meet our ambitious business goals,” said Bill Packham, President and CEO of Aviso Wealth. “We are excited to extend our partnership with Broadridge to support our drive for service excellence and enterprise-wide efficiencies and scalability. The change will streamline the dealer services Aviso Wealth provides to credit unions as well as correspondent and institutional partners and be a cornerstone of how Aviso Wealth evolves as a platform provider to Canada’s wealth industry.”

Broadridge is a very large firm that has proven itself to be capable of handling a very large client base and also large funds and is a trusted partner for many wealth management firms around the world. It has over $4.5 billion in revenues and it recently completed the acquisition of a very large backoffice company Itiviti which will further enhance their capabilities.

“Broadridge’s Dataphile solution has supported the processing of both securities and mutual funds in Canada for over 25 years,” said Michael Dignam, President, GTO Broadridge Canada. “Our proven technology and experience have led us to become the technology provider of choice for Aviso Wealth. We look forward to continuing this partnership and providing our clients with innovative technology and processing solutions which get ahead of today’s challenges and capitalize on tomorrow’s opportunities.”

Aviso is expected to use the solutions provided by Broadridge to manage its mutual fund dealer business and Broadridge’s Digital Information Onboarding solutions are expected to help their advisors, clients and operations.

Broadridge has a very strong client base in North America and their partnership with Aviso is further proof of the trust that clients in that region have for the company and its solutions. The company has now started to look to grow into other regions across the world for which they recently hired Mr. Jerome Hoffman for growth in the APAC region, as was reported in TIS.