Working at Broadridge | Glassdoor

Broadridge Overview

Lake Success, NY
10000+ employees
2007
Company - Public (BR)
Financial Transaction Processing
$5 to $10 billion (USD) per year
We provide advanced communications, technology, data and analytics solutions for the financial services industry and businesses.
Broadridge began as the brokerage services division of ADP in 1962. Since becoming independent in 2007, we have grown into a global fintech ... Read more

Company Updates

  • Broadridge has been named a Great Place to Work in Financial Services and Insurance for 2019 - http://glassdoor.com/slink.htm?key=vM4Mt

  • Here at Broadridge we pride ourselves on our ability to ensure our associates at every level better represent the diversity of the clients we serve and communities in which we work. Find out more - http://glassdoor.com/slink.htm?key=vQTJs

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Broadridge – Why Work For Us?


Helping you make amazing decisions for your business.

We provide advanced communications, technology, data and analytics solutions for the financial services industry and businesses.

 

Technology & Operations

Become more responsive to the needs of your customers and business by automating the entire trade life cycle, from execution to accounting, with our extensive range of multi-asset processing solutions.

Communications

Reimagine how you connect with customers and investors while meeting regulatory requirements with our suite of multi-channel communications solutions.

Data & Analytics

Identify new growth opportunities through predictive analysis and insights with our leading-edge data aggregation and management platform.

Broadridge helps financial institutions and corporate issuers in two ways, through technology and operations outsourcing, and across a number of business categories. Because of our deep experience and world-class capabilities, our clients entrust us with mission-critical responsibilities. Across a wide range of needs, Broadridge offers not only services, but solutions for your business.

Investor Communication Solutions

Broadridge’s flexibility and proxy management expertise helps our clients meet current and future regulatory requirements with confidence. We facilitate getting the vote quickly and efficiently while maximizing transparency.

Specifically, our Investor Communication Solutions business involves the processing and distribution of proxy materials to investors in equity securities and mutual funds, as well as the facilitation of related vote processing. ProxyEdge®, our electronic proxy delivery and voting solution for institutional investors, helps ensure the participation of the largest stockholders of many companies. We also provide the distribution of regulatory reports and corporate action/reorganization event information, as well as tax reporting solutions that help our clients meet their regulatory compliance needs. In addition, we provide financial information distribution and transaction reporting services to both financial institutions and securities issuers. These services include the processing and distribution of account statements and trade confirmations, traditional and personalized document fulfillment and content management services, marketing communications, and imaging, archival and workflow solutions that enable and enhance our clients’ communications with investors. All of these communications are delivered in paper or electronic form.

Securities Processing Solutions

Broadridge offers a suite of advanced computerized real-time transaction processing services that automate the securities transaction lifecycle, from desktop productivity tools, data aggregation, performance reporting, and portfolio management to order capture and execution, trade confirmation, settlement, and accounting. Our services help financial institutions efficiently and cost-effectively consolidate their books and records, gather and service assets under management, focus on their core businesses, and manage risk. With multi-currency capabilities, our Global Processing Solution supports real-time global trading of equity, option, mutual fund, and fixed income securities in established and emerging markets. In addition, our operations outsourcing solutions allow broker-dealers to outsource certain administrative functions relating to clearing and settlement, from order entry to trade matching and settlement, while maintaining their ability to finance and capitalize their business. Recently, we extended our services to the buy-side through our acquisition of Paladyne Systems.

Broadridge works to help our clients:

Our solutions translate into tangible benefits.

  • Providing accurate and reliable reporting
  • Streamlining communications and operations processes
  • Effectively helps manage compliance with existing and future regulatory requirements
  • Employing new technologies for investors and advisors to access information and  participate more easily
  • Controlling – and reducing – the cost of building processing infrastructure and maintaining systems
  • Saving time with the convenience of a single source instead of multiple providers
  • Automating cumbersome manual processes – for greater accuracy and lower risk
  • Aggregating data from multiple sources, making it easier to access and easier to use
  • Improving front-office client service with desktop productivity tools for advisors, portfolio management and performance reporting
  • Accommodating multi-currency, multi-language global trading capabilities

Delivering real business value for over five decades

Broadridge began as the brokerage services division of ADP in 1962. Since becoming independent in 2007, we have grown into a global Fintech company with over $4 billion in revenues and are recognized as an invaluable partner for the world’s leading companies and financial institutions. We help drive business transformation for our clients with solutions for enriching client engagement, navigating risk, optimizing efficiency and generating revenue growth. We handle millions of trades a day involving trillions of dollars, support communications that reach 75% of North American households and manage shareholder voting in 90 countries.

 

Origins

Beginning as a division within ADP, the newly formed ADP Securities Brokerage Services Group quickly establishes itself as a leader in securities processing.

1960s - Launch

Forms ADP Securities Brokerage Services Group in 1962, with one client processing an average of 300 trades per night.

1970s - Establishing Footprint

Modifies and enhances brokerage securities processing and grows client base, expanding operations into Canada.

1981-2000

Global Scale and Expanding Capabilities

The group transforms the way firms connect to investors and builds its global presence.

1980s - Driving Efficiency

Creates offering for investor communications business, which serves over 30 major clients in its first year, and re-architects laborious time-consuming proxy process, becoming the largest full-service brokerage processor with approximately 80% of the market.

1990s - Reshaping Communications and Securities Processing

Introduces internet proxy voting and digital delivery of shareholder communications and begins processing regulatory mailings and proxies for mutual funds in North America and the UK. Rolls out multi-instrument, multi-currency trading and settlement system.

2001-Now

Next-Level Growth

As a recognized partner to financial services firms and businesses, Broadridge expands organically and through acquisitions to help new industries transform operations and create real business value.

2000s - Going Public

Becomes publicly traded company in 2007 (NYSE: BR). Expands offerings in print solutions, electronic voting platforms, tax services, business process outsourcing, mutual funds and retirement solutions. Extends connectivity to major European and Asian markets for global securities processing solution.

2010s - Building Tomorrow

Grows to offer data management, mutual fund processing, proxy and shareholder communications, and fee and expense management. Enters the transfer agency and international reconciliation business and creates mobile voting business. Delivers enhanced digital communications to drive enriched client engagement. Expands investment in blockchain solutions and secures a blockchain patent for proxy processing and repurchase agreements.

2018-2019 - Ready for Next

Becomes part of the S&P 500® Index in June 2018. Tim Gokey succeeds Rich Daly as Chief Executive Officer on January 2, 2019. Board of Directors appoints Rich Daly to the role of Executive Chairman of the Board.

Our Commitment to the Communities Where We Work and Live

Broadridge strives to be an engaged stakeholder in the communities in which we work and live. For this reason, we seek to make social investments with lasting impact for future generations, making our communities a better place to live.

The Broadridge Foundation

As a company we have a long history of supporting our communities, and we were proud to announce the next chapter in those efforts with the creation of the Broadridge Foundation in March of 2009. One of the Foundation’s key relationships is with the MV Foundation, a non-profit organization inspired by the Magsaysay Award winner, Dr. Shantha Sinha. The MV Foundation has developed a unique and powerful approach to tackle the problems of child labor and illiteracy in India, by enrolling children in Residential Bridge Camps ("RBCs"). RBCs provide a learning platform for children who have been involved in bonded and non-bonded labor activities and equip them with the knowledge and skills to integrate them into formal schools of learning.

In the US, the Foundation also supports various charitable causes such as the Make-A-Wish Foundation, the American Cancer Society, the American Heart Association, the United Way and select others. Additionally, our associates can contribute to their communities through our Matching Gift Program, a percentage matching program based on the contributions of our associates. From time to time, the Foundation may evaluate and support other philanthropic endeavors that embody our core values and that have shown an outstanding track record of solid results in their respective fields. That is how, through the Foundation, we can make a social investment one solution at a time.

Other Notable Community Commitments

Broadridge supports Fountain House, an organization headquartered in New York City that provides employment, education, housing and community support for individuals with mental illness.

And we are proud to be one of the eleven corporations that founded and launched the “100,000 Jobs Mission” in March of 2011.  The Mission has a goal of hiring 100,000 transitioning service members and military veterans by 2020.  Today, the Mission has 94 organizations that are joining forces to hire this talent into their respective businesses. 

Volunteering

We encourage our associates to volunteer in their communities and many of our associates do so. In our Park Avenue, New York and Edgewood, New York offices our associates help mentor at local grade schools; at our Journal Square, New Jersey office our associates work with Habitat for Humanity and Junior Achievement; at our London office our associates volunteer with The East London Business Alliance by engaging in projects that cater to local, disadvantaged and disabled children and adults; at one of our Canadian offices our associates participate in fundraising challenges through the Inside Ride Project to support families and children with cancer and in one of our Indian offices associates volunteer at the local Residential Bridge Camps. Almost every location reaches out to the community.

Our Commitment to the Environment

Broadridge has established the Broadridge Environmental Committee (“BEC”) made up of representatives from multiple departments throughout the organization. This “Green” committee was created with a focus on reducing Broadridge’s impact on our environment.

In line with our carbon footprint initiative, during last year’s proxy season, we used innovative technology to reduce the total volume of mailed proxy packages by 54.1%, which translates to over 160 million fewer envelopes and printed reports.  We have helped many of our clients make great progress in reducing their carbon footprints through e-delivery and e-voting by reducing hardcopy proxy distribution. 

In 2012, Broadridge partnered with The Conservation Fund in an effort to help restore forestlands in parks and wildlife refuges nationwide. For every client satisfaction survey returned by an Investor Communications Solutions client, Broadridge donates $1 to plant trees. A top‐ranked environmental charity in U.S., The Conservation Fund has already protected more than 7 million acres across America. Our partnership with the Conservation Fund has already resulted in thousands of newly planted trees.

Increasingly, Broadridge is moving toward using environmentally and socially responsible resources to support our operations by initiating the use of paper products certified by the Forestry Stewardship Council (“FSC”). We are committed to further decreasing our carbon footprint through researching, piloting and implementing innovative environmentally friendly solutions.

Culture, Inclusion and Diversity

Developing and Engaging Talent for a Global Marketplace

At Broadridge, we know that fostering diversity and inclusion is not just the right thing to do; it is also good for business.

 

An Inclusive and Diverse WorkforceAs a leading provider of technology, communications, and data and analytics solutions to businesses around the world, Broadridge must have the ability to understand, embrace, and operate in a multicultural environment. Every person has unique strengths which, when fully appreciated and embraced, allow each individual to perform at his or her best and the organization to prosper. Our goal is to ensure our associates at every level better represent the diversity of the clients we serve and communities in which we work.

For over 10 years, Broadridge has been committed to promoting inclusion and diversity and pursues both top-down and bottom-up approaches to advancing inclusion and diversity initiatives and values into our culture. This commitment is reflected in our associates of varying backgrounds working in 18 countries.  Broadridge recognizes that developing and maintaining diverse talent and having people of all backgrounds, experiences and identities as part of Broadridge is not only an important social obligation but also a critical component to the Company’s continued growth and success, in providing award-winning service for our clients and, ultimately, in creating value for stockholders.

An Inclusive Environment

 

Broadridge is a place where each of our associates can bring their full self to work every day. We are stronger and more innovative when we give everyone their due respect and embrace each other’s similarities, differences, and unique perspectives. By providing our associates the tools and support they need to perform at their best and demonstrating that their contributions are valued, Broadridge fosters a culture of empowerment where everyone can succeed.

Broadridge has adopted the Broadridge Inclusiveness Pledge which outlines the strategic principles that guide our commitment and actions to promote inclusion and diversity across the organization. The Inclusiveness Pledge was adopted by our senior management team and our Chief Executive Officer, Timothy C. Gokey, spearheads the Company’s efforts to uphold the principles of the Pledge.  Broadridge also has an Executive Diversity Committee, which includes members of our senior management such as the Chief Human Resources Officer, Chief Financial Officer and Chief Sales and Marketing Officer, and an Inclusion Council. The Executive Diversity Committee and the Inclusion Council each meet quarterly and track the Company’s progress in promoting inclusion and diversity to ensure the Company delivers on such commitments.

Broadridge Reviews

3.5
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Approve of CEO
Broadridge President and COO Tim Gokey
Tim Gokey
75 Ratings
  • Featured Review

    Helpful (16)

    "Growth Opportunities, Excellent Culture"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in Brentwood, NY
    Current Employee - Vice President in Brentwood, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Broadridge full-time (More than 10 years)

    Pros

    - Opportunity to grow in current area with plenty of flexibility to move within organization - have seen many others do it very successfully
    - Coming up on two decades with the company and while it has had many phases of change, the core culture is so strong and is a primary reason you'll find long-term associates here
    - New CEO has been with firm close to 9 years and is excellently qualified to propel strategy and growth while maintaining the "always do the right thing" mantra that the former CEO Rich Daly lived by

    Cons

    None to share at this time

    Advice to Management

    Continue to make associates feel valued and compensate fairly, it's why people put in the extra hours and are so loyal, dedicated

See All 1,083 Reviews

Broadridge Photos

Broadridge photo of: Newark HQ
Broadridge photo of: Broadridge recognized for their hard work and dedication with the Diversity Professional Leadership Network with StonyBrook University.
Broadridge photo of: Panel Event
Broadridge photo of: Intern Mets Game
Broadridge photo of: Newark, NJ
Broadridge photo of: Long Island Marcum Challenge
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Broadridge Interviews

Experience

Experience
61%
18%
21%

Getting an Interview

Getting an Interview
27%
20%
17%
12
12
6
6

Difficulty

2.8
Average

Difficulty

Hard
Average
Easy
  1. Featured Interview

    Helpful (5)  

    Systems Analyst Interview

    Anonymous Employee in Edgewood, NY
    Accepted Offer
    Positive Experience
    Average Interview

    Application

    I applied through other source. The process took 3 weeks. I interviewed at Broadridge (Edgewood, NY) in January 2013.

    Interview

    The interview process went wll for myslef. I ended up interviewing with four differebnt peoplke but the process was smooth. After the interview porcess was comnpleted I received a timely offer and accepted.

    Interview Questions

    • What do you think is one of your best assets to an organization,   1 Answer
See All 315 Interviews

Broadridge Awards & Accolades

  • Best Place to Work for LGBTQ Equality, Human Rights Campaign Foundation, 2019
  • FORTUNE's World's Most Admired Companies, Fortune Magazine, 2019
  • America's Best Employer by State, Forbes Magazine, 2019
  • BISA Diversity & Inclusion Award, Bank Insurance & Securities Association, 2019
  • Best Workplaces™ in Financial Services and Insurance, Great Place to Work® Institute, 2019
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Pledges & Certifications

Career Advancement Program

Helping employees "upskill" into higher-paying positions

Diversity Commitment

Has programs that support a diverse and inclusive workforce

Pledge to Thrive

Taking steps to prioritize employee well-being

First Job Programs

Maintain entry-level hiring and career development programs to give people career starts

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