Waddell & Reed deploys Thomson ONE technology. Eager to provide its advisors with better connectivity, Waddell & Reed is building a desktop “hub.”
Nearly four months after announcing an agreement with Refinitiv to deploy Thomson ONE to its advisors as a desktop “hub,” Waddell & Reed launched WaddellONE to its over 1,300 advisors and advisor associates, according to the firm. The platform will give advisors “direct connectivity” to “several” of the firm’s tech partners, including eMoney, Envestnet (which the firm partnered with in 2016) and Albridge Wealth Reporting. Find details here.
Market overview
The Robo-Advising market could reach $1.26 trillion in assets by 2023. Aite Group predicts traditional full-service wealth management firms and discount/online brokerages will likely capture the bulk of the robo-advising market over the next five years.
Find details here.Contributed by Vasyl Soloshchuk, CEO and co-owner at INSART, FinTech & Java engineering company. Vasyl is also the author of WealthTech Club, which conducts research into Fortune and Startup Robo-advisor and Wealth Management companies in terms of the technology ecosystem.