Refinitiv, a provider of financial market data and infrastructure, announced this week that it has expanded its Wealth Management offering by launching Refinitiv Digital Investor, in what the company states, is a sign of its continued commitment to the industry.
Refinitiv Digitial Investor is a solution that provides firms with faster time to market for digital properties, the company said in its statement today, whilst also giving their clients a “seamless digital experience”.
This includes account information, workflow tools, analytics, news, and insights related to the user’s holdings. The solution was created to cater to the changing and growing needs of the industry.
Launch of Refinitiv Digital Investor follows Scivantage acquisition
Commenting on the new product, Joe Mrak, Global Head of Wealth Management at Refinitiv, said in the statement on Wednesday: “At Refinitiv we are committed to serving the Wealth Management industry with our next-generation digital Wealth Management solutions. The launch of Digital Investor speaks to our business’ appreciation of the industry’s ongoing priorities and looks to address these needs with a highly flexible solution.
“Digital Investor follows the completion of our acquisition of Scivantage in February 2020 and represents a key step in the integration of our digital product suite. By bringing together the powerful client engagement platform of Scivantage with Refinitiv’s market data, news and other content in context with client account data, we are allowing our clients to deliver a personalized and relevant investor experience.”
Refinitiv has been growing its presence within the Wealth Management industry. This has seen the company acquire Scivantage, as well as form a range of partnerships, including SigFig, MarketPsych, Appway, StoneCastle and Sberbank.
Speaking on the solution, Alois Pirker, Research Director, Aite Group, added in the statement: “The global pandemic has emphasized the important role digital engagement plays in Wealth Management today, enabling clients to feel close to the institution and advisors who manage their wealth, even if in-person meetings are not possible.
“When heightened fear in the financial markets is paired with great limitations to meet in person, traditional wealth management service models are being put to the test. As the dust settles, the outbreak will bring digital engagement in financial services to a new level of appreciation and awareness.”