NorthStar and Reuters have partnered to offer an integrated best-of-breed wealth management solution that aims to streamline the workflow for the financial advisor community.
This new offering will allow clients to seamlessly combine Reuters Plus, Reuters’ premier desktop solution for the U.S. and Canadian markets, which offers a combination of real-time, historical and key fundamental data, with NorthStar’s enterprise wealth management capabilities. This includes proposal generation, investor policy statements, asset allocation and modeling, a robust investment selection catalog, portfolio analysis and client performance reporting. In addition, the Reuters/NorthStar joint solution integrates Reuters Lipper data across the lifecycle of the wealth management process.
Robert Zangrillo, Chairman and CEO of NorthStar, said: “Our partnership with Reuters provides financial services institutions with a best practices wealth management solution that is designed to support the way an advisor works. The solution allows a financial services firm to empower its advisors to grow their business and deliver holistic advice in a consistent, compliant manner.”
Michael Steinharter, executive vice president at Reuters Americas, said, “We are pleased to announce a strategic relationship with NorthStar. This alliance creates a market leading offering that will enable clients to deploy a wealth management solution which is centered around the way their firm does (or wants to do) business, seamlessly integrates best-of- breed components from many disparate sources, and integrate best practices workflows.”
NorthStar’s enterprise wealth management software offering includes best practices solutions for sales prospecting and proposal generation, planning, investment selection, client portfolio and performance management, and practice management. NorthStar solutions are built on an advanced, Web-based enterprise wealth management technology platform designed for rapid and flexible deployment, low cost of ownership, and with an evolutionary, rather than revolutionary integration framework.