Aviso Wealth Selects Broadridge to Power its Wealth Management Platform

TORONTO, ONTARIO and NEW YORK, NEW YORK, May 13, 2021— Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader, today announced that Canadian financial services company Aviso Wealth Inc. (“Aviso Wealth”) is being powered by Broadridge’s digital advisor desktop and securities processing engine and is utilizing its integrated Digital Information Onboarding platforms.

“Broadridge is the only firm with the proven technology, scale and experience to meet our ambitious business goals,” said Bill Packham, President and CEO of Aviso Wealth. “We are excited to extend our partnership with Broadridge to support our drive for service excellence and enterprise-wide efficiencies and scalability. The change will streamline the dealer services Aviso Wealth provides to credit unions as well as correspondent and institutional partners and be a cornerstone of how Aviso Wealth evolves as a platform provider to Canada’s wealth industry.”

Aviso Wealth will leverage Broadridge’s solutions for its mutual fund dealer business, which is regulated by the Mutual Fund Dealers Association of Canada (“MFDA”). Aviso Wealth is using similar solutions to power its full-service securities dealer business, which is regulated by the Investment Industry Regulatory Organization of Canada (“IIROC”), allowing Aviso Wealth to operate both its MFDA and IIROC dealerships on a single instance of a book-of-records database. Although securities and mutual fund dealers are separately regulated entities, Broadridge’s Dataphile and Digital Information Onboarding solutions have the unique capability to support advisors, clients and operations for both businesses on a single platform. 

“Broadridge’s Dataphile solution has supported the processing of both securities and mutual funds in Canada for over 25 years,” said Michael Dignam, President, GTO Broadridge Canada. “Our proven technology and experience have led us to become the technology provider of choice for Aviso Wealth. We look forward to continuing this partnership and providing our clients with innovative technology and processing solutions which get ahead of today’s challenges and capitalize on tomorrow’s opportunities.”

The financial services market is becoming increasingly complex with changing regulations, heightened legal and compliance issues, and sophisticated clients with complicated demands. The ability to process on a single platform can significantly increase a company’s ability to better serve clients efficiently with a single set of processes.

The implementation of Aviso Wealth’s MFDA business to the Dataphile solution was completed in January 2021.The Aviso Wealth partnership with Broadridge was established in 2006 with the processing of its IIROC business on Dataphile.