Thomson Reuters has selected MyVest’s Strategic Portfolio System (SPS) to power new managed accounts solution for wealth managers.
MyVest’s SPS is a cloud-based platform which allows the provision of holistic wealth management across an enterprise in a single, unified system.
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By integrating MyVest’s SPS, Thomson Reuters BETA customers will be able to leverage SPS from within the application to automate and scale managed accounts operations for certain managed programs such as mutual fund advisory, ETF advisory and unified managed accounts, according to Thomson Reuters.
Thomson Reuters wealth management managing director John Fennelly said, "Managed accounts are an important component of the wealth management industry and Thomson Reuters is committed to helping our customers support and grow their managed accounts franchises."
"MyVest’s Strategic Portfolio System is an ideal solution for any firm which wants to transform their technology and operational infrastructure to scale their mutual fund advisory, ETF advisory or unified managed account programs.
"We evaluated the firms in the marketplace and chose MyVest because they successfully combine managed accounts expertise, Silicon Valley innovation and an impressive management pedigree to deliver a leading product," Fennelly added.
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By GlobalDataAvailable through Thomson One and BETA, Thomson Reuters Wealth Management Solutions fulfills the end-to-end needs of wealth management firms and delivers advanced wealth management tools for financial advisors.
In order to manage daily brokerage operations, and complex regulatory and compliance requirements, the Thomson Reuters platform offers a comprehensive suite of integrated front office and back office technology solutions to wealth management industry.
