Amid an elevated demand for wealth lending usually and securities-based lending (SBL) particularly, international Fintech chief, Broadridge Monetary Options, Inc. (NYSE: BR) introduced a partnership right this moment with IntraFi to supply a streamlined securities-based lending service for banks, brokerage companies, and wealth administration companies.
By this partnership, IntraFi will provide Broadridge’s lending expertise — already used right this moment by among the largest banks on the planet — to its members to assist assist and develop their securities-based lending companies. IntraFi members may also be capable to provide loans to clients of unbiased brokerage companies, monetary advisors, and registered funding advisors (RIAs) by way of the Broadridge Wealth Lending Community.
“Broadridge’s partnership with IntraFi expands the provision of securities-based lending to beforehand underserved components of the market — group and regional banks, unbiased broker-dealers, and unaffiliated advisors and RIAs,” mentioned Mike Alexander, President of Wealth Administration, Broadridge. “This revolutionary joint resolution for banks brings extra capital to bear within the securities-based lending enterprise and will increase the potential to broaden entry to streamlined liquidity choices by way of the Broadridge Wealth Lending Community. We’re repeatedly targeted on constructing value-added providers that exceed the wants of lenders, advisors, and their purchasers, and this partnership is a main instance.”
Broadridge’s Wealth Lending Community connects wealth managers to banks and different monetary establishments, higher enabling these managers to offer SBL providers to their purchasers. IntraFi, one of many market’s largest banking networks, was fashioned in 2002 to higher join banks, brokerage companies, RIAs, and their clients.
“We’re happy that we are able to provide entry to Broadridge’s merchandise to 1000’s of banks and different monetary establishments in our community,” mentioned Mark Jacobsen, Cofounder and CEO of IntraFi. “This partnership is a pure extension of our versatile stability sheet administration service.”
Broadridge’s SBL options are featured on the Broadridge Wealth Platform, an open, component-based ecosystem that redefines wealth administration expertise. With a versatile, scalable platform powered by an aggregated knowledge layer, it’s designed to assist companies drive innovation, carry out extra successfully at scale and ship a digital, modernized shopper and advisor expertise.