Thomson Reuters Selects MyVest to Power New Managed Accounts Solution For Wealth Managers

Integration of MyVest’s Strategic Portfolio System™ with Thomson Reuters Wealth Management Solutions enables firms to automate and scale managed accounts programs.

NEW YORK - Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, today announced an agreement with MyVest Corporation to enable Thomson Reuters Wealth Management customers to leverage MyVest’s Strategic Portfolio System™ (SPS) to automate the end-to-end delivery of managed accounts.

MyVest’s SPS is a cloud-based platform which allows the provision of holistic wealth management across an enterprise in a single, unified system. By integrating MyVest’s SPS, Thomson Reuters BETA customers will be able to leverage SPS from within the application to automate and scale managed accounts operations for certain managed programs such as mutual fund advisory, ETF advisory and unified managed accounts.

“Managed accounts are an important component of the wealth management industry and Thomson Reuters is committed to helping our customers support and grow their managed accounts franchises,” said John Fennelly, managing director, Wealth Management at Thomson Reuters. “MyVest’s Strategic Portfolio System is an ideal solution for any firm which wants to transform their technology and operational infrastructure to scale their mutual fund advisory, ETF advisory or unified managed account programs. With MyVest, they also offer the previously unattainable unified managed household program. We evaluated the firms in the marketplace and chose MyVest because they successfully combine managed accounts expertise, Silicon Valley innovation and an impressive management pedigree to deliver a leading product.”

“Thomson Reuters is a proven leader in the wealth management service solutions space and MyVest is excited to become part of the BETA ecosystem,” said Anton Honikman, chief executive officer of MyVest. “With SPS, wealth management firms can differentiate themselves by offering a greater level of sophistication in a fully integrated system. Our agreement with Thomson Reuters combines the power of SPS with BETA’s robust and highly scalable transaction processing capabilities to create a comprehensive managed accounts solution that advisors can easily adopt from within Thomson ONE.”

“MyVest enables wealth management firms to transform their business by adopting modern best practices in portfolio management and technology,” said Bill Harris co-founder and chairman of the Board of MyVest. “We look forward to helping more firms, advisors and investors access these best practices through our partnership with Thomson Reuters.”

Thomson Reuters Wealth Management Solutions, available through Thomson One and BETA, meets the end-to-end needs of wealth management firms and delivers advanced wealth management tools for financial advisors. The Thomson Reuters platform provides a complete suite of integrated front office and back office technology solutions to manage daily brokerage operations, and complex regulatory and compliance requirements. The platform offers direct access to industry leading market data and news coverage along with advisor workflow tools, including PropGen, Book Management and Managed Account portfolio management.

MyVest
MyVest's mission is to secure the financial future of more families by enabling their advisors to provide personalized wealth management at scale. With MyVest, formerly underserved investors receive personalized solutions, advisors spend more time with clients and prospects, and wealth management firms grow into more scalable, profitable businesses. MyVest's core offering is its Strategic Portfolio System™ (SPS), a cloud-based software and services platform that enables holistic wealth management across the enterprise in a single, unified system. Headquartered in San Francisco, MyVest draws on the Bay Area's technology and financial services communities in an innovative, collaborative environment.

Thomson Reuters
Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial and risk, legal, tax and accounting, intellectual property and science and media markets, powered by the world's most trusted news organization. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges. For more information, go to http://thomsonreuters.com.