Thomson Reuters Adds Three New Wealth Management Firms to its Platform

The addition of FolioDynamix, Helix and Vestmark will help expand the group's wealth management capabilities.

Thomson Reuters currently boasts over 150 Wealth Management Service Providers on its platform – per the latest enhancement, the company added FolioDynamix, Helix Financial Systems, and Vestmark to its growing list. The services will be offered to the North American Wealth Management customers.

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The addition of these three firms indicates the major expansionary drive of the Thomson Reuters Wealth Management platforms and an increase in its capabilities. This will in turn help customers grow revenue in managed accounts and help in supporting service provider partnerships

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David Akellian, Managing Director, Global Head of Wealth for Thomson Reuters, commented on the development: “The one hundred fifty partnership milestone is significant because of how carefully our open platform is curated. We strive to provide a wide selection of offerings that we feel best to meet our customer’s many needs. The addition of these three firms broadens the solutions available to Thomson Reuters Wealth Management customers and helps them better run and grow their business.”

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Increased Variety in Offering

FolioDynamix is a firm that uses an end-to-end technology solution paired with a suite of advisory tools including model portfolios, research, and overlay management services to improve the experience of wealth management. Its FDx platform streamlines data flow across a customer’s existing systems to eliminate technology silos.

Helix is a provider of financial software systems and provides expertise to the dealer, asset management, securities lending, banking and insurance communities. Its HelixREPO is an integrated trading, sales, and operational system for the Fixed Income Repo Finance market; providing users with the tools necessary to manage their repo and financing business

Founded in 2001, Vestmark is a provider of wealth management solutions. It’s VestmarkONE platform automates key investment management processes, enabling users to construct, manage, and distribute tailored portfolios at scale through a software environment.

With this expansion, Thomson Reuters hopes to provide a wider variety of wealth management firms for its customers to choose from, thereby increasing its wealth management revenue.

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