Monday, March 8, 2021

Broadridge Launches Wealth Lending Network Marketplace

Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader, has launched a Wealth Lending Network marketplace to connect wealth managers to banks and other financial services institutions. The marketplace will enable wealth managers of all sizes to offer Securities-Based Lending (SBL) services to their clients using Broadridge’s end-to-end SBL technology platform.  The Bancorp, Inc. (NASDAQ: TBBK) is joining the marketplace as its inaugural funding partner through its subsidiary, The Bancorp Bank.

“The Wealth Lending Network is an exciting evolution of the market’s dynamic – connecting the supply-and-demand sides on a trusted lending platform that creates value for lenders, advisors and their clients,” said Mike Alexander, President of Wealth Management, Broadridge.  “We are focused on building value-added services in a way that makes business substantially easier and more robust for our clients – whatever their size.  The marketplace opens up the SBL market to drive growth for clients by facilitating market access, funding, technology, credit risk management and sales enablement.”

Read More How the Sales Paradigm Will Evolve Post COVID-19

Demand for SBL credit continues to grow, proving attractive to both borrowers looking to access liquidity in their portfolios and to lenders as a low-cost, low-risk credit offering.  For lenders, SBL offers a high-quality revenue stream with a low-risk profile and a low cost of capital.  The Broadridge Wealth Lending Network extends current lending models, enabling financial institutions, such as independent broker dealers, financial advisors and RIAs, to offer SBL to clients on a turnkey basis. By providing flexible credit offerings, advisors can deepen relationships with clients, safeguarding existing AUM and attracting new assets. What had traditionally been a slow and manual process is now digitized, delivering a streamlined and frictionless customer experience.”

Read More: Kingscom – Marrying Media with Creative Expertise

“The Bancorp is excited to join Broadridge’s Wealth Lending Network as its initial funding partner, tapping into this new channel built on Broadridge’s market access and proven end-to-end SBL technology,” said Jeff Hazelwood, Managing Director of Institutional Banking Solutions, The Bancorp.  “Our participation in Broadridge’s Wealth Lending Network builds on The Bancorp’s ongoing strategic investment in our SBL market leadership.”

Latest news

SK hynix Starts Mass-production of LPDDR5 Mobile DRAM with Industry’s Largest Capacity

SK hynix Inc. (or "the Company", www.skhynix.com) announced that it has started mass-production of 18GB (gigabyte) LPDDR5 mobile DRAM, which offers the largest capacity in...

FactSet and Ping An to Offer Investors ESG Content and Analytics on Chinese Companies

FactSet (NYSE: FDS) (NASDAQ: FDS), a global provider of integrated financial information and analytical applications, and Ping An Insurance (Group) Company of China, Ltd. (hereafter...

Transflo Launches New Platform Enhancements

Transflo, a mobile and cloud-based platform that automates and simplifies supply chain processes, today announced new enhancements for its digital solutions that provide a...

DSI Launches New Website for Field Inventory

DSI, a leading provider of innovative inventory management solutions, announced today the launch of its new website FieldInventory.com. A sister site to DSIGlobal.com and CloudInventory.com, FieldInventory.com supports...

Aviat Networks Announce Two-for-One Stock Split

Aviat Networks, Inc. (NASDAQ: AVNW), ("Aviat" or the "Company"), the leading expert in wireless transport solutions, announced today that its Board of Directors has approved...

Elastic and Grafana Labs Partner on the Official Grafana Elasticsearch Plugin

Today, Elastic (NYSE: ESTC) and Grafana Labs jointly announced a partnership and commitment to users to deliver the best possible experience of both Elasticsearch...

Related news

SK hynix Starts Mass-production of LPDDR5 Mobile DRAM with Industry’s Largest Capacity

SK hynix Inc. (or "the Company", www.skhynix.com) announced that it has started mass-production of 18GB (gigabyte) LPDDR5 mobile DRAM, which offers the largest capacity in...

FactSet and Ping An to Offer Investors ESG Content and Analytics on Chinese Companies

FactSet (NYSE: FDS) (NASDAQ: FDS), a global provider of integrated financial information and analytical applications, and Ping An Insurance (Group) Company of China, Ltd. (hereafter...

Transflo Launches New Platform Enhancements

Transflo, a mobile and cloud-based platform that automates and simplifies supply chain processes, today announced new enhancements for its digital solutions that provide a...

DSI Launches New Website for Field Inventory

DSI, a leading provider of innovative inventory management solutions, announced today the launch of its new website FieldInventory.com. A sister site to DSIGlobal.com and CloudInventory.com, FieldInventory.com supports...

LEAVE A REPLY

Please enter your comment!
Please enter your name here