Broadridge launches Wealth Lending Network marketplace

Broadridge Financial Solutions, Inc., the leading provider of investor communications, technology-driven solutions, and data and analytics to the financial services industry, announced that it has launched a Wealth Lending Network marketplace to connect wealth managers to banks and other financial services institutions. 

With the launch of the marketplace, wealth managers of all sizes will be able to provide their clients Securities-Based Lending (SBL) services via Broadridge's end-to-end SBL technology platform. The Bancorp, Inc. is joining the marketplace as its inaugural funding partner through its subsidiary, The Bancorp Bank.

Mike Alexander, President of Wealth Management at Broadridge said: "The Wealth Lending Network is an exciting evolution of the market's dynamic – connecting the supply-and-demand sides on a trusted lending platform that creates value for lenders, advisors and their clients. The marketplace opens up the SBL market to drive growth for clients by facilitating market access, funding, technology, credit risk management and sales enablement."

"The Bancorp is excited to join Broadridge's Wealth Lending Network as its inaugural funding partner, tapping into this new channel built on Broadridge's market access and proven end-to-end SBL technology. Our participation in Broadridge's Wealth Lending Network builds on The Bancorp's ongoing strategic investment in our SBL market leadership," said Jeff Hazelwood, Managing Director of Institutional Banking Solutions, The Bancorp.