Refinitiv expands wealth management capabilities with the launch of Digital Investor

By Megha Bhattacharya

Refinitiv announced the launch of Refinitiv Digital Investor, a solution for driving firms with faster time to market. The solution also aims to offer their investors an enhanced digital experience in terms of account information, workflow tools, analytics, news, and insights related to their holdings. Refinitiv Digital Investor allows wealth managers to deliver a digital experience to its clients, engage investors and lower the cost of ownership.

Joe Mrak, Global Head of Wealth Management at Refinitiv, said, “…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.”

The Digital Investor solution is expected to deliver better client experience throughout the relationship cycle. The solution’s framework comprising of a set of front-end development tools, widgets and integrated APIs that enable firms to build or enhance their digital wealth management experiences with advanced capabilities and Refinitiv content.

Will Trout, Head of Wealth Management, Celent, said, “The acceleration of the digital learning curve in the wake of the pandemic has increased client expectations for service and portfolio advice. Investment in workflow, analytics, trading and other lifecycle technology can help invigorate the client-advisor relationship and break tradeoffs between customization and scale.”