27 February 2017
Visit EBAday.com

The Standard selects Broadridge Access Data to provide DCIO reporting

09 January 2014  |  1373 views  |  0 Source: Broadridge Financial Solutions

Broadridge Financial Solutions (NYSE:BR) today announced that The Standard has selected Access Data, a Broadridge company, to provide DCIO Reporting to fund partners offering products on The Standard's retirement recordkeeping platform.

Starting in the first quarter, defined contribution investment only (DCIO) reports will be available to The Standard's fund partners through a new technology portal designed to provide unprecedented access to asset, trading and sales information at a plan level. This engagement represents a milestone in the expansion of Access Data's services for retirement providers and its commitment to creating transparency in the industry among mutual funds, distributors, platforms and retirement plan providers.

With the new DCIO Reporting portal, fund firms offering products on The Standard recordkeeping platform will have timely access and enhanced visibility into sales across retirement plans, as well as a deeper understanding of the advisor selling those plans. This increased level of transparency will provide mutual funds with deeper insight into the advisor-driven retirement market comprised of The Standard and other independent recordkeeping platforms that partner with distributors to offer advisors complete turnkey retirement offerings for small and medium-sized defined contribution plans.

"The collaboration with Access Data and Broadridge to provide our fund partners with DCIO reporting was an easy decision for us," said Dan Hall, VP of Retirement Plan Sales, The Standard. "We view Broadridge as a strategic partner supporting our firm's growth; they already work with us across our platform to help us engage our participants with high impact statements, educational content and communications. Now leveraging their team's data management expertise, we will be able to provide business critical sales information to our fund partners and help accelerate the growth of our advisor-sold plan business."

Defined contribution assets are forecast to grow to $6.7 trillion over the next five years, representing a significant opportunity for mutual funds to increase assets. The key to unlocking that growth lies in knowing where those opportunities exist. The fastest growth segment for defined contribution assets is generated by the small to medium-sized plan segment supported by independent recordkeeping platforms.

Access Data is a leading provider of data management and reporting services for fund firms. Its DCIOConnect offering aggregates and cleanses data across 18 leading independent recordkeeping platforms and the advisor-driven plan market. "As part of Broadridge, Access Data is uniquely positioned to connect retirement recordkeepers with their fund partners to provide important information that helps them grow their businesses," stated Frank Polefrone, Senior Vice President, Access Data. "DCIO reporting and retirement market intelligence is important to both our fund and retirement recordkeeping clients, and we are expanding our offerings to empower our clients to capture asset growth from defined contribution plans." 

Comments: (0)

Comment on this story (membership required)

Related company news


Related company information

Broadridge Financial Solutions

Related blogs

Create a blog about this story (membership required)
http://www.financialcrimerisk.fiserv.com/aml?r=finextravisit dh.com

Who is commenting?

A Finextra member Finextra Member Commented on: Really really really K...
A Finextra member Finextra Member Commented on: In wake of Cloudflare...
A Finextra member Finextra Member Commented on: Bank consultancy Zeb o...
A Finextra member Finextra Member Commented on: In wake of Cloudflare...

Top topics

Most viewed Most shared
EBA to relax controversial PSD2 authentication rulesEBA to relax controversial PSD2 authentica...
13519 views comments | 52 tweets | 74 linkedin
RBS to become fintech fund and high street outlet for challenger banks under HMT remedyRBS to become fintech fund and high street...
8835 views comments | 40 tweets | 34 linkedin
BNY Mellon seeks blockchain experts for new emerging biz and tech teamBNY Mellon seeks blockchain experts for ne...
7570 views comments | 7 tweets | 4 linkedin
hands typing furiouslyBlockchain Technology
7349 views 1 | 18 tweets | 8 linkedin
Starling releases Open API, talks up marketplace modelStarling releases Open API, talks up marke...
7204 views comments | 19 tweets | 17 linkedin

Featured job

Six Figure Base + Commission + Stock Options

Find your next job