Refinitiv has added HTML-5 responsive widgets for wealth portals designed to support the experiences of wealth management firms on Refinitiv’s portal. The firm found that over 50% of wealth managers say providing a more sophisticated digital experience is a challenge for their firm. The new suite addresses those challenges as wealth managers build out their professional and client portals and improve their user experience.
The new digital tools allow firms to deploy Refinitiv’s content and market data easily and thus allowing customers to optimize and customize their digital experiences for end-users across devices. Refinitiv’s widget capabilities are available via white-labelled, stand-alone components that clients can embed in their existing platforms and experiences or through hosted pages, ready to be deployed. In 2020, Refinitiv will release a widget displaying new content services such as Environmental, Social & Governance data (ESG).
Christopher Sparke, Global Head of Digital Solutions at Refinitiv, said: “Wealth managers are digitally transforming all aspects of their business and require scalable, open, flexible and unified data integration solutions in a digital-first environment. As the wealth management industry continues its digital transformation, we at Refinitiv are committed to developing next-generation wealth portal solutions that provide our clients with the data, technology and insight to empower better decisions and user engagement.”
Alois Pirker, Research Director, Aite Group, said: “Wealth management firms are under great pressure to shift away from run-of-the-mill offerings and develop unique experiences for their clients and advisors. Firms that will get this transition right will be better able to articulate the value proposition they offer their clients and at the same time be in a good spot to differentiate from their competition. Refinitiv’s widget capabilities will further allow wealth management firms to respond to the ever-faster changing client needs in an effective manner.”
Refinitiv has been servicing the wealth management industry from front to back office and most recently the firm improved its solutions through strategic partnerships with SigFig, MarketPsych, Appway, StoneCastle, and Sberbank to add Digital Advice Technology, MarketPsych Indices, Automated and Customized Advisory and End-Client Workflows, and Enhanced Cash Management Solutions to clearing and self-clearing broker-dealer clients.
