Manulife Securities Inc. (a division of Manulife Financial) has successfully implemented Broadridges Dataphile application for over 1,500 advisors in both its securities and mutual funds business segments.
Manulife Securities acquired dealer Berkshire-TWC Financial Group in June of 2007, and after extensive due diligence, selected Broadridges Dataphile solution as its choice of platform for consolidating the two businesses. Manulife Securities will leverage Broadridges Dataphile solution to implement an integrated back-office, order management system, and robust advisor workstation to support its expanding business and diversified service model.
It was essential that Manulife partner with a service provider that could offer a core platform with the features, functionality, and scalability to support the needs of our advisors and our business, especially following the acquisition, says Chris Buck, vice president information services, individual wealth management.
Broadridges Dataphile solution addresses our business requirements, says Frank Laferriere, CFO and COO, Manulife Securities. The Broadridge team was able to provide the conversion and implementation expertise needed to minimize risk and disruption during the transition process, they added.
Although securities and mutual fund dealers are separately regulated entities in Canada, Broadridges Dataphile solution has the unique capacity to support both businesses on a single platform, enabling Manulife to effectively consolidate its business and achieve enterprise-wide efficiencies and scalability.
All of Broadridges solutions, including Dataphile, are designed to assist firms like Manulife in streamlining operations and reducing costs, says Michael Dignam, president, securities processing solutions Canada, Broadridge.
We are especially privileged to partner with Manulife as its business continues to expand and evolve, says Dignam.
D.C.