On Wednesday, Refinitiv announced the launch of Wealth Practice 360. The new offering has been developed for wealth advisors to improve workflows and provide better client insights. This new set of services combines the aggregation of client data from multiple sources, which include a firm’s CRM, financial planning, as well as social media and market data.
According to a company statement, all this data is brought together into a single consolidated view for the advisor and in turn generates insights and ideas for advisors to share with clients.
In April, Refinitiv announced the launch of new content management capabilities across its wealth management platforms, which were called House Views and Market Insights or HVMI. The technology was meant to improve the distribution of Refinitiv’s investment recommendations and research between asset managers and financial advisors. It also served as the repository for all in-house research, investment recommendations and strategy, risk ratings and model portfolios.
What became Refinitiv was spun out of of Thomson Reuters in 2018 by private equity firm Blackstone Group, which owns a majority stake in the firm. In addition to wealth management, Refinitiv serves many other sectors of the financial services industry, including asset management, investment banking, trading, compliance and risk management, among others. It has more than 2,000 customer firms and supports 180,000 desktop users globally.