London - Global information company Reuters today announced the Europe-wide launch of its next generation product for the private banking market – Reuters Wealth Manager (RWM). Two major European clients have already agreed to migrate over 2500 positions from Reuters existing wealth management product to the new RWM.

RWM is a desktop information system which carries comprehensive coverage across the equity, bond, money, funds and commodities markets, with international and domestic coverage and world news, designed to provide key information for investment decisions. Streaming data and news are delivered to offer a clear view of market moves and trends. RWM will offer access to the Reuters Lipper Funds database of more than 90,000 funds tracked globally.

Julie Holland, Global Head of Research & Asset Management at Reuters, comments: "We’re very excited about this launch as RWM delivers the superior content, analytics and functionality that wealth managers are looking for. The customer feedback has been fantastic and with the agreed migration of over 2500 positions at two major clients, we’re confident of further uptake."

Reuters has worked closely with clients in the private wealth market to develop this product. The research has resulted in a cost-effective light, browser based solution targeted at users who need to monitor market activities intra-day, with access to cross-asset data and news.

Julie Holland comments: "We’ve worked hard at getting the proposition right – delivering significant breadth of coverage across asset classes in a cost effective solution. RWM is a light footprint product as it uses web technologies to deliver a browser-based, near-to-zero-download container. This means quick and easy implementation with nominal impact on the client in terms of hardware and network configuration. Minimising the implementation and support burden means overall cost is reduced."

Peter Hutter, Head Market Data at Credit Suisse says: "RWM has a unique offering for our relationship managers; we’re particularly impressed with the breadth of fund coverage and the extended functionality. We’re pleased to migrate over 1,800 of our positions from RMM to RWM."

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