About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Primevest Adopts Broadridge’s Portfolio Accounting and Performance Reporting Service

Subscribe to our newsletter

Broadridge Financial Solutions today announced that Primevest Financial Services, a leader among broker-dealers dedicated to serving financial institutions, has implemented Broadridge’s Aspire Portfolio Accounting and Performance Reporting service. Primevest can now use the integrated service both to comply with new IRS requirements and to provide sophisticated performance reporting to their more than 400,000 accounts.

“As part of our commitment to deliver unparalleled support for financial institutions, the incorporation of the Aspire Portfolio Accounting capability was the next logical step in the continued evolution of our technology,” said Catherine Bonneau, president and CEO of Primevest. “Ahead of the IRS deadline, this enhancement makes it easier for our clients to meet all the IRS requirements and have the added benefit of flexible performance reporting. By working closely with Broadridge for these critical functions, we are much more confident in our ability to stay ahead, despite the rapidly changing landscape.”

“Primevest is known as an innovator and a broker-dealer industry leader,” said Rob Enz, general manager, Securities Industry Software, Securities Processing Solutions – US, Broadridge. “We’re very proud to have them as the first client to take advantage of our new combined accounting and performance service.”

“Our Aspire Portfolio Accounting and Performance Reporting engine provides tremendous value for firms that take advantage of the combined offering. With a single solution, a single database, and a single reconciliation operation, our clients can achieve both Troubled Asset Relief Program (TARP)- compliant cost basis reporting and Global Investment Performance Standards (GIPS)-compliant performance reporting,” Enz added.

The Aspire service delivers sophisticated performance reporting, advanced portfolio analytics, and lot-level cost basis tracking and reporting in a single package. Broadridge’s Aspire Portfolio Accounting and Performance Reporting service offers tremendous value to broker-dealers upgrading their cost basis tracking to comply with new regulations, and who would like to augment and differentiate their services in the process.

Broadridge’s Aspire Portfolio Accounting and Performance Reporting service can use any books-and-records back-office solution. It supports multiple currencies and subaccounts, and it provides dramatically higher capacity than ever before available—at substantially lower cost-per-account.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: An Agile Approach to Investment Management Platforms for Private Markets and the Total Portfolio View

Data and operations professionals at private market institutions face significant data and analytical challenges managing private assets data. With investors clamouring for advice and analysis of private markets in their search for returns, investment managers are looking at ways to gain a more meaningful view of risk and performance across all asset types held by...

BLOG

SimCorp Urges a Holistic View of Buy-Side Retooling to Enable AI

You don’t have to scratch far below the surface of the artificial intelligence hype machine to see that many financial institutions are experiencing challenges in implementing the technology. Our own Data Management Insight annual preview in January of predictions for the coming year found that vendors and users alike reported the dawning of a realisation that, for...

EVENT

Buy AND Build: The Future of Capital Markets Technology

Buy AND Build: The Future of Capital Markets Technology London examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...