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As trading volumes at investment banks decrease, they are increasingly looking for ways to address the high fixed costs and lower returns on capital. This is coupled with an increasing complexity within the new regulatory environment.
Large changes continue to afflict financial services firms around the world as they face increasing regulatory compliance challenges, increased competition, rising costs, pressures to transform their operations, and significant shifts in how they communicate with their clients. Broadridge Financial Solutions (BR) is a sleepy, under-the-radar name that commands a large competitive advantage. The company was spun off from Automatic Data Processing (ADP) back in 2007. The company, which controls a significant share of the US market, recently announced plans to partner with Accenture (ACN) to expand their operations overseas targeting European and Asian banks.
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