Canadian Wealth Provider Aviso Expands Broadridge Partnership, Adopting Wealth Platform for Modernization
BR is trading near its 52-week low of $139.79 (2.3% above the low).
Summary
Canadian wealth services provider Aviso, managing over $220 billion in assets, is expanding its multi-year partnership with Broadridge by deploying Broadridge's Wealth Platform. This move aims to modernize Aviso's technology, enhance advisor productivity, and improve client experience. The adoption by a significant client like Aviso underscores the market strength of Broadridge's next-generation platform and secures a potentially substantial, long-term revenue stream for the company.
At the time of this announcement, BR was trading at $143.00 on NYSE in the Finance sector, with a market capitalization of approximately $16.5B. The 52-week trading range was $139.79 to $271.91. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: PR Newswire.