Broadridge Financial Solutions (NYSE:BR) today announced that Edward Jones has chosen Broadridge Canada's New Issue Fulfillment solution for the communication and delivery of transaction confirmations and required compliance documents for new issue equity and fixed income products in Canada.
The solution incorporates print on demand technology with inventory management and provides concise audit reporting. As a scalable offering it supports multiple new issues at the same time while ensuring that the most current documents are available for distribution. The results of this service implementation will be minimized costs and substantial improvements in operational efficiencies.
Doug Bennett, Principal, Operations, Edward Jones said, "Edward Jones is excited to work with Broadridge on a fulfillment solution that will benefit our clients."
"The New Issue service is an example of our commitment to create innovative outsourcing solutions for our Canadian clients," said Donna Bristow, VP Client Management and Strategic Product Development, Canada, Broadridge. "By working closely with the Edward Jones team, and tapping into our global securities experience, we created a new issue solution that offers economies of scale and innovation. Edward Jones can focus on its core business of servicing investors, while utilizing Broadridge's infrastructure and newest outsourcing technology to manage the new issue fulfillment process."