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Beta Capital chooses Broadridge tech for self-clearing move

14 December 2017  |  2989 views  |  0 Source: Broadridge Financial Solutions

Broadridge Financial Solutions, Inc. (NYSE:BR) today announced that it was selected by Beta Capital Wealth Management (“Beta”), a Miami based broker-dealer owned by Crèdit Andorrà Financial Group, to provide a comprehensive front to back office technology and operations solution, in support of Beta’s transformation to self-clearing.

Today, Beta offers wealth management, trading and execution solutions to a global client base, with a particular focus on the US and Latin America.

Historically, the self-clearing landscape has been dominated by large, global players who have the capital, expertise and technology to support the initiative. The unique combination of Broadridge technology and managed services will fully support the growth and cost objectives that Beta desires. Beta gains deep expertise, global scalability and the ability to control the markets and asset classes it offers clients. Beta will also be utilizing Broadridge professional services to provide guidance and consultative support through the various regulatory and integration processes.

“We are excited to be chosen by Beta Capital for their end-to-end wealth technology and operations needs,” said Steve Brown, Managing Director, Wealth Management, at Broadridge Financial Solutions. “By selecting Broadridge, Beta Capital will be well positioned for growth in new markets and have full control of their future success. This is another example of how Broadridge provides the scale and expertise that enables firms to transform their business models to get ahead of today’s challenges and capitalize on tomorrow’s opportunities.”

“After careful review of the marketplace, it became clear that the optimal choice for Beta Capital Wealth Management’s targeted growth was Broadridge,” said Noelia Povedano, CEO of Beta Capital Securities LLC. “The Broadridge wealth management solution set, back office innovations and overall level of professionalism, experience and knowledge are unmatched in the industry. We are delighted to utilize the Broadridge wealth management platform as we transform our business”.  

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