Broadridge announced that the fintech has been selected as Wedbush’s technology platform provider as the brokerage upgrades its operations platforms. This move marks a significant step for Wedbush as it seeks to grow its business, support new asset classes, and deliver superior client and advisor experiences in the rapidly evolving clearing, wealth and fintech market.
“At Wedbush, our vision is to be at the forefront of delivering next-generation wealth, clearing and fintech solutions for our clients and partners, and having proven end-to-end, cutting-edge operations platforms is key to accomplishing that,” said Gary Wedbush, CEO of Wedbush Securities, in a statement. “By powering our technology evolution with Broadridge’s trusted solutions, we are taking a major step forward in consolidating and further automating our operations, embracing innovation, and laying the foundation for capabilities that will enable us to attract and serve the next generation of investors and fintech partners.”
Wedbush will integrate with Broadridge’s trading and post-trade capabilities, workflow, corporate actions, tax and cost basis reporting, and regulatory reporting services.
Mike Alexander, president of Wealth Management at Broadridge, said in a statement: “This is a significant leap forward in Wedbush modernizing its clearing and wealth operations, and we’re excited to support their journey. Our strong technology investments uniquely position us to work with firms like Wedbush, offering a single post-trade platform that supports both wealth management and clearing businesses, with the flexibility to combine client, Broadridge, and third-party technologies, enabling transformation on their terms.”
Wedbush will benefit from Broadridge’s platform features including a unified wealth data layer, standardized APIs, workflow and process automation, enhanced digital tools for advisors and end investors, real-time notifications, artificial intelligence-driven insights, and support for emerging asset classes including fractional shares, alternative investments and digital asset trading, as well as the option to integrate third-party solutions and additional Broadridge services to address evolving business needs.