Refinitiv Introduces Workflow Management Solution Wealth Practice 360

Refinitiv, a leading financial markets data and infrastructure provider, announced that it has launched Wealth Practice 360, a solution designed to provide an efficient workflow and better insights on demand for wealth advisors.

Refinitiv recognized that many wealth firms struggle with disparate data sources and lack of system integration. This disconnected and siloed workflow hinders the advisor’s ability to deliver timely, relevant, and personalised insights to clients in an engaging manner.

Wealth Practice 360 addresses these and other industry challenges, as it connects the traditionally disparate sources of information together into a single consolidated view.

The new solution uses a sophisticated set of services that aggregate client information from multiple sources including back-office systems, CRM, financial planning tools, held away assets, and social media activity to deliver a 360 view of an advisor’s book of business.

“There is no denying that the wealth management industry is in the midst of a needed transformation, one that is driven by growing client needs, advanced technology solutions and increased competition,”Sabrina Bailey, Global Head of Wealth Management at Refinitiv, said.”The launch of Wealth Practice 360 helps wealth firms and their advisors maximize efficiencies and improve the advisor and investor experience.”

As Fazzaco reported earlier, Refinitiv has launched USD IBOR Cash Fallbacks prototype​ to facilitate industry transition from USD LIBOR.