Canadian First Time Home Buyers on the Rise as Record Volume of FHSA Activity Soars According to Broadridge

18 financial institutions currently leveraging Broadridge's solution to help first time homebuyers achieve the dream of buying a house NEW YORK and TORONTO , April 29, 2024 /CNW/

Broadridge Financial Solutions, Inc. (NYSE: BR ), a global Fintech leader, announced their continued success in modernizing wealth management in Canada with a First Home Savings Account (FHSA) solution which allows first time homebuyers to save for their first home purchase. Since launching the solution in June 2023 , Broadridge clients were first to market with FHSA capabilities and today, Broadridge's solutions administer over 440,000 accounts allowing investors to meaningfully save over $1.8 billion in CAD AUM for this important life milestone. "The introduction of the FHSA has been a tremendous success and continues to be one of the most in-demand rollouts we've experienced," said Praneil Ladwa, Chief Product Officer and Head of International Operations, Questrade Financial Group. "Our success would not have been possible without our trusted partner, Broadridge, who was not only a key contributor towards ensuring that we were first to bring the FHSA to market, but also in delivering on …...

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