[5] Operating as ADP's shareholder communications division,[10]: 27 [11] it initially served one client by processing an average of 300 trades per night.

These changes increased securities trading and led to a rapid rise in stock ownership, and also had the effect of putting intermediaries between companies and their shareholders.

[10]: 1–2  Before the new laws, banks and brokers had typically maintained in-house proxy departments to manage the shareholder voting process.

[10]: 48 At the end of March, 2007, ADP spun-out the entirety of their shareholder communications activities, resulting in the formation of Broadridge Financial Solutions.

[10]: 27 [11][6] Operating as an independent public company,[5] Broadridge was headquartered in Lake Success, New York[3] with Rich Daly serving as CEO.

[13]: 2  Congress evaluated aspects of corporate governance, including shareholder communications and proxy voting, in the wake of the financial crisis of 2007–2008.

[14]: 1–2  In 2010 a report submitted to the House Committee on Financial Services by a coalition headed by Business Roundtable noted the near monopoly position of Broadridge in handling proxy voting.

[9] In November 2019, Broadridge acquired ClearStructure Financial Technology, which provided portfolio management solutions for the private debt markets.

The eleven-member board includes chairman Richard J. Daly, Leslie Brun, Annette Nazareth, Pamela Carter, Robert Deulks, Melvin Flowers, Tim Gokey, Brett Keller, Maura Markus, Eileen Murray, and Amit Zavery.