Integration of Thomson Reuters Proposal Generation Tool (PropGen) with PriceMetrix FeeCheck™ enables financial advisors to make informed decisions for managed accounts
Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, today announced that PriceMetrix’s proprietary database of fee and managed accounts history will be offered as part of Thomson Reuters Wealth Management Solutions. Thomson Reuters Proposal Generation tool (PropGen), combined with PriceMetrix FeeCheck, will enable advisors to produce targeted proposals that better meet individual customer needs and align with firm compliance requirements.
“We are delighted to build on our relationship with PriceMetrix to deliver an expanded set of capabilities to our customers in the important area of fee and managed accounts,” said Paul Lockyer, chief operating officer, North American Wealth Management, Thomson Reuters. “It is part of our ongoing commitment to deliver innovative solutions that help our customers improve productivity and effectiveness, and make more informed decisions.”
“We deeply value our relationship with Thomson Reuters as we share a basic commitment to helping advisors improve their business performance by leveraging industry data and best practice insights to make better decisions and generate measurably improved results,” said Doug Trott, President and CEO of PriceMetrix. “The integration of FeeCheck into the Thomson Reuters PropGen service gives advisors an important tool for making competitive account proposals, as well as improving their productivity.”
FeeCheck is powered by the PriceMetrix database of over 40,000 advisors, seven million retail investors, 500 million transactions and $3.5 trillion in investment assets. The application allows advisors to offer their fee and managed account services in a more informed and competitive manner.
Thomson Reuters Wealth Management meets the end-to-end needs of wealth management firms and delivers tools to help further enable financial professionals to be successful. Thomson Reuters Wealth Management platform provides a complete suite of products to manage daily brokerage operations, including customer on-boarding, compliance and regulatory management. The platform offers direct access to industry leading market and news coverage along with workflow tools that integrate proprietary content and third party applications, proposal generation, model management and account rebalancing.