Start-up companies are moving to seize a slice of the lucrative business of distributing shareholder voting materials from Broadridge Financial Solutions, which for years has dominated the market in the US. New entrants are attempting to challenge its heft, hoping to exploit new technology and heightened interest in shareholder voting from small, retail investors.
| less than a minute read
Broadridge Financial’s proxy ‘monopoly’ faces challenge from start-ups
“We are expanding in the US, and you can’t make any inroads in the US without taking on Broadridge, because they’re the major player,” said Jonathan Smalley, Proxymity’s co-founder and chief operating officer.
