Refinitiv and Nomura Research Institute, Ltd. (NRI), a leading provider of consulting services and system solutions, today announced that North American wealth management firms can now benefit from their strategic partnership announced in 2018. The partnership enables global diversification for
Refinitiv’s retail and institutional clients by including automated international post-trade processing for multi-market and multi-currency securities.

The successful go-live of the software integration of NRI’s I-STAR/GX software platform into Refinitiv’s BETA wealth management brokerage processing platform will benefit wealth management firms by providing automated settlement and straight-through processing of trades executed across all markets. I-STAR/GX allows these processes through a high-volume solution with single-stock record across all asset classes and markets, and real-time updates of intra-day transaction status changes across the settlement lifecycle.

Joe Mrak, Global Head of Wealth Management, Refinitiv, said: “As investment opportunities for wealth management customers grow the world becomes a smaller place, and as those customers gain multi- market access, they also have to face greater regulatory scrutiny. Our fully-automated solution allows for greater transactional efficiency and transparency in custodianship management, and for a stronger compliance environment through mitigated risk and reduced errors.”

April Rudin, CEO of The Rudin Group, said: “The ongoing growth of any wealth management business depends on its ability to meet the evolving needs of its clients fuelled by advances in digital technology, transparency and the perpetual search for alpha. Refinitiv and NRI’s automated international post-trade brokerage solution will drive a host of benefits by providing greater transparency and speed of service for settlements and clearings.” Naohiro Sako, Senior Corporate Managing Director, NRI, said: “NRI is consistently working to assure that our solutions incorporate market leading automation and processing technology to best allow our clients to meet customer demand in an era of digital transformation. We are excited to announce the completion of this implementation alongside Refinitiv, as it marks a milestone for service delivery for wealth management brokerages.”

Refinitiv has a rich history of servicing the wealth management industry from front to back office. Over the last year, the firm has invested heavily in the business and is committed to bringing the most advanced solutions to the market. The ongoing transformation includes building out the firm’s digital solutions by strengthening its wealth portal with widget capabilities and through strategic partnerships such as: SigFig, MarketPsych, Appway, StoneCastle and Sberbank to add Digital Advice Technology, MarketPsych, Appway, StoneCastle and Sberbank to add Digital Advice Technology, MarketPsych Indices, Automated and Customized Advisory and End-Client Workflows, and Enhanced Cash Management Solutions to clearing and self-clearing broker-dealer clients.

Refinitiv Wealth Management solutions provide seamless integration across front, middle, and back office workflows. To learn more about Refinitiv Wealth Management, visit here or link: https://www.refinitiv.com/en/wealth-management.