Interactive Data and Scivantage develop wealth management workstation
First Published 20th June 2012
Partnership to deliver enterprise web-based workstation for wealth management professionals
New York - Interactive Data is expanding its relationship with Scivantage®, the independent financial technology firm, to deliver an enterprise web-based workstation for wealth management professionals.
The integrated workstation will deliver market data and tools available through Market-Q, Interactive Data's browser-based real-time market data solution, along with Scivantage's account and advisor book management, order entry and transaction processing capabilities. The integrated workstation is intended to enable financial advisors to access market data and research, decision support tools and advanced trading capabilities, and to automate critical functions such as portfolio rebalancing, cost basis reporting, and trade processing.
"Combining Market-Q's customized market data and tools with client, account and transactional level data from major back office clearing providers through Scivantage extends our real-time streaming market data desktop into a comprehensive wealth management platform," said Bill Chambers, vice president and general manager for Interactive Data's wealth management business in the U.S. "This platform will offer financial advisors a new technology choice, providing more efficient workflows to help advisors focus on servicing clients."
"We are very pleased to partner with Interactive Data to extend the capabilities of the Market-Q platform," said Joe Stensland, Executive Vice President, Product and Delivery Management, Scivantage. "Leveraging Scivantage's unique, back office independent account management and advanced trading capabilities, the combined solution will offer retail brokerage firms and financial advisors a broader range of integrated services to support the wealth management lifecycle. With no software programs to install or update, the system gives an advisor a versatile, powerful solution -- all on a fully hosted and secure web platform."
Interactive Data and Scivantage anticipate launching the full integrated workstation later this year.