Beta Capital chooses Broadridge for self-clearing shift
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Beta Capital chooses Broadridge for self-clearing shift 15 December 2017Miami Reporter: Stephanie Palmer
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Broadridge has been selected to provide a front-to-back office operations solution for broker-dealer Beta Capital Wealth Management, to support its move to self-clearing.
The Broadridge technology and managed services will support Beta’s growth and cost objectives by providing expertise and scalability as the firm moves into the self-clearing space, which it says has traditionally been dominated by global players.
Beta will also be able to better control the markets and asset classes it offers to clients.
Beta offers wealth management, trading and execution services, with a focus on the US and Latin America.
Steve Brown, managing director for wealth management at Broadridge Financial Solutions, said: “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 capitalise on tomorrow’s opportunities.”
Noelia Povedano, CEO of Beta Capital Securities, said: “After careful review of the marketplace, it became clear that the optimal choice for Beta Capital Wealth Management’s targeted growth was Broadridge.”
“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 utilise the Broadridge wealth management platform as we transform our business”.
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