Mike Alexander, President, Wealth Management, Broadridge said:
Broadridge’s partnership with IntraFi expands the availability of securities-based lending to previously underserved parts of the market — community and regional banks, independent broker-dealers, and unaffiliated advisors and RIAs.This innovative joint solution for banks brings more capital to bear in the securities-based lending business and increases the potential to expand access to streamlined liquidity options through the Broadridge Wealth Lending Network.
Mark Jacobsen (Cofounder and CEO of IntraFi) added:
We’re pleased that we can offer access to Broadridge’s products to thousands of banks and other financial institutions in our network. This partnership is an extension of our flexible, balance sheet management service.
Broadridge and eToro, a social investing network, recently partnered to enable proxy voting for their users.
Broadridge joins IntraFi in expanding securities-based lending services