Broadridge: CEO History

Originally created in 1962 as the Brokerage Services Group within payroll giant Automatic Data Processing (ADP), the division spent decades methodically building the back-office plumbing of Wall Street. In 2007, ADP spun off the business as an independent public company named Broadridge Financial Solutions, led by longtime CEO Rich Daly.

Broadridge operates a recurring fee and transaction-processing business model across two primary segments: Investor Communication Solutions (ICS) and Global Technology and Operations (GTO). In Investor Communications, Broadridge is paid by public corporations and mutual fund families to distribute regulatory shareholder communications, proxy ballots, annual reports, and tax statements to beneficial shareholders, charging regulated processing fees and event-driven distribution fees. In Global Technology and Operations, Broadridge licenses enterprise SaaS platforms and clearing technology to broker-dealers and capital markets firms, charging recurring software subscriptions and per-trade clearing fees to process fixed income, equity, and foreign exchange trades, delivering gross margins above 40%.