Financial data company Refinitiv has set its sights on the wealth management market with the launch of a web-based data and analytics platform aimed at active retail investors.
The Active Investor platform is designed to be integrated into wealth managers’ own offerings and is specifically targeting the growing number of self-directed investors looking for more comprehensive trading platforms and analytics.
According to Refinitiv, the wealth management industry is going through a transformative generational shift which has created a need to dramatically improve the client experience.
“In the future, we believe that wealth management firms will need to be able to meet customers at any point along their investing journey – from full service to self-service,” said Sabrina Bailey, global head of wealth management at Refinitiv.
Earlier this year, Refinitiv previewed its push into the wealth management space with a survey that called on wealth managers to improve their digital offerings.
Refinitiv, formerly owned by Thomson Reuters, is more commonly associated with capital markets and its rivalry with Bloomberg to be the premier provider of market data for traders. It was acquired by the London Stock Exchange in January in a $27 billion deal which underlined the growing importance of data in financial markets.
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