Wealth management
RIA technology platform
Meet rapidly changing client and industry demands with market-leading data, better insights on demand and a truly open platform that provides a seamless digital experience.
The industry is changing. There’s new competition, the ever-growing threat from robo-advisors and the effect fee compression is having on margins. Couple that with digital transformation and communicating with clients virtually and the pressure on advisors continues to increase.
These changes are forcing advisors to rethink their business strategy and client engagement. If advisors are not proactively engaging with their clients and demonstrating their value, they stand to lose clients. Those that do adapt will realize a host of benefits, including better client relationships; more successful engagement; and improved customer loyalty, to name but a few. Ultimately these benefits will help foster stronger long-term relationships and business growth for those that are willing.
Why is technology a critical consideration for RIAs?
A Registered Investment Advisor (RIA) has a fundamental obligation to provide advice that acts in the best interest of their high-net worth clients. In order to achieve this in today's digital first environment, advisors need to ensure they have the tools and technology to provide the best advice possible and consistently demonstrate their value.
Technology is constantly evolving to address market dynamics, new challenges, and the needs of end-client investors served by advisors. As the industry evolves and new RIA service models evolve, critical focus areas for advisors remain portfolio management and reporting functionality.
A recent report from the Aite Group estimated that “IT spending on the RIA market for advisor portfolio management and reporting systems is roughly US$956 million in 2020.”
With the vast amount of new data available every second, portfolio tools need to analyse and generate tailored insights directly related to client portfolios in real-time. Portfolio analytics, coupled with the ability to instantly generate customized reports based on market insights and portfolio movements are making advisors more efficient, while improving client engagement and long-term growth.
Wealth advisors are under great pressure to shift away from run-of-the-mill offerings and develop unique experiences for their clients. Advisors that get this transition right will improve the value proposition they offer their clients and at the same time be in a good spot to differentiate from their competition.
Alois Pirker
Research Director, Aite Group
Our solution
A one stop shop for RIAs from client acquisition to engagement and retention
Designed to meet rapidly changing client expectations and industry demands, LSEG Workspace for Wealth Advisors delivers a unique and customized workflow solution for RIAs.
Our new flagship solution provides efficient advisor tools, better insights on demand and more personalized advice, helping advisors address their clients' desire for greater engagement and personalization in today's digital world.
The cutting-edge technology and open platform, combined with LSEG's market-leading data and analytical tools help advisors grow their business and be more productive throughout their workflow - from winning new business to asset allocation and recommendations, through to portfolio monitoring and performance reporting.
Wealth is all about people,your investors, each with their own dreams and goals.And they all count on you to helpthem achieve financial wellness.When every investor is an exception,you need an exceptional solution.LSEG helps you tailorthat solution for each of your clients.Combine LSEG Market Leading Dataand insights with your ownto surface the right data tothe right person at the right time.Provide personalized in depth insights toevery investor so they can act withconfidence as they move forwardwith the unique life plans.Give your advisors a configurable,intuitive workflow to help them work faster and smarter.So they can deliver superior client servicewhile still growing the business partner with LSEG,a global wealth provider with local reach.And together we can designthe best solution for your investors and advisors,because there's no such thing as an average investor.So this is no average solution.
The advanced workflow solution for wealth advisors
Benefits
How Workspace can help you
The fast and light web technology allows for quick and secure access from anywhere and seamlessly syncs across desktop, web, mobile and tablet.
With advanced portfolio analytics, monitor all your client portfolios intraday, instantly find relevant news and track their performance, while making adjustments in real-time.
With data sets such as ESG and market sentiment, we help you improve client engagement, provide differentiated advice and deliver greater value to your clients.
Connect with our specialists
Our specialists will help identify the specific needs of your firm and how LSEG Workspace for Wealth Advisors can help.
Request details
Call your local sales team
Americas
All countries (toll free): +1 800 427 7570
Brazil: +55 11 47009629
Argentina: +54 11 53546700
Chile: +56 2 24838932
Mexico: +52 55 80005740
Colombia: +57 1 4419404
Europe, Middle East, Africa
Europe: +442045302020
Africa: +27 11 775 3188
Middle East & North Africa: 800035704182
Asia Pacific (Sub-Regional)
Australia & Pacific Islands: +612 8066 2494
China mainland: +86 10 6627 1095
Hong Kong & Macau: +852 3077 5499
India, Bangladesh, Nepal, Maldives & Sri Lanka:
+91 22 6180 7525
Indonesia: +622150960350
Japan: +813 6743 6515
Korea: +822 3478 4303
Malaysia & Brunei: +603 7 724 0502
New Zealand: +64 9913 6203
Philippines: 180 089 094 050 (Globe) or
180 014 410 639 (PLDT)
Singapore and all non-listed ASEAN Countries:
+65 6415 5484
Taiwan: +886 2 7734 4677
Thailand & Laos: +662 844 9576