Manulife Securities acquired dealer Berkshire-TWC Financial Group in June of 2007, and after extensive due diligence, selected Broadridgeâs Dataphile solution as its choice of platform for consolidating the two businesses. Manulife Securities will leverage Broadridgeâs Dataphile solution to implement an integrated back-office, order management system, and robust advisor workstation to support its expanding business and diversified service model.
âIt 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,â said Chris Buck, Vice President Information Services, Individual Wealth Management, and Frank Laferriere, CFO and COO, Manulife Securities. âBroadridgeâs Dataphile solution addresses our business requirements. The Broadridge team was able to provide the conversion and implementation expertise needed to minimize risk and disruption during the transition process,â they added.
Although securities and mutual fund dealers are separately regulated entities in Canada, Broadridgeâs 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.
âAll of Broadridgeâs solutions, including Dataphile, are designed to assist firms like Manulife in streamlining operations and reducing costs,â noted Michael Dignam, President, Securities Processing Solutions Canada, Broadridge. âWe are especially privileged to partner with Manulife as its business continues to expand and evolve,â added Dignam.