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April 22, 2019 at 10:50 AM
Broadridge Financial Solutions, Inc. plans to launch a new app that makes investor voting easier.
The app, which will be available on Android and iPhone, creates a streamlined experience through a single personalized dashboard that allows investors to vote and equips them with new tools and educational resources designed to drive more meaningful engagement.
In 2018, individual investors participated in only 28% of the total voting opportunities available to them, according to ProxyPulse.
“Individual investors have an important voice in the future of the companies that they invest in, yet few realize the power they yield,” said Tim Gokey, president and chief executive officer at Broadridge, in a statement. “This app will empower investors of all kinds to exercise their right to vote and participate in the corporate governance process.”
In addition to voting, the will allow Individual investors to receive important regulatory and educational information relating to corporate direction, such as Board of Director elections, executive compensation and environmental, social and governance (ESG) decisions.
Users will be able to sign-in securely (through thumbprint and facial recognition) and to sign up for mobile push notifications to alert them of meetings and elections. They will also be able to review and change their votes, sign up for electronic delivery from their bank or broker and download materials, among other features.
Broadridge will continue to provide investors the flexibility to vote on whichever platform they choose. In addition to the forthcoming investor app , investors will be able to use their broker’s app, on a desktop or mobile browser via Proxyvote.com, by phone, by mail or in-person at annual meetings. To receive an alert about the new app visit broadridge.com/proxyvoteapp.
m+ funds Expands Defined Outcome Fund Menu
m+ funds launched the Defined Preservation 95 fund, which is designed to deliver positive price appreciation of SPDR S&P 500 ETF Trust (SPY) up to a maximum amount while limiting negative returns to 5%.
The Defined Preservation 95 fund was created for investors who are concerned about a possible slowing economy, but are well aware of the potential benefits of remaining allocated to large cap equities. It has a limited term of 2.2 years and total fees, including a one-time creation fee and ongoing expenses, are roughly 60 basis points per year.
New m+ funds, each with a specific defined outcome and linked to a particular ETF, are issued on an on-going basis, and each provides investors a way to gain, or retain, exposure to ETFs while shaping their risk/return investment profiles in a way that can be more closely aligned with their objectives.
Reaves Utilities ETF Lowers Management Fee Renamed Virtus Reaves Utilities ETF
Reaves Utilities ETF has renamed the Virtus Reaves Utilities ETF (UTES), better reflecting the relationship between fund manager Reaves Asset Management and Virtus ETF Solutions.
The ETF also lowered its management fee to 49 basis points.
Vulcan Value Partners Opening Large Cap Programs To New Investors
