MyVest's SPS is a cloud-based platform which allows the provision of holistic wealth management across an enterprise in a single, unified system. By integrating MyVest's SPS, Thomson Reuters BETA customers will be able to leverage SPS from within the application to automate and scale managed accounts operations for certain managed programs such as mutual fund advisory, ETF advisory and unified managed accounts.

"Managed accounts are an important component of the wealth management industry and Thomson Reuters is committed to helping our customers support and grow their managed accounts franchises," said John Fennelly, managing director, Wealth Management at Thomson Reuters. "MyVest's Strategic Portfolio System is an ideal solution for any firm which wants to transform their technology and operational infrastructure to scale their mutual fund advisory, ETF advisory or unified managed account programs. With MyVest, they also offer the previously unattainable unified managed household program. We evaluated the firms in the marketplace and chose MyVest because they successfully combine managed accounts expertise, Silicon Valley innovation and an impressive management pedigree to deliver a leading product."

"Thomson Reuters is a proven leader in the wealth management service solutions space and MyVest is excited to become part of the BETA ecosystem," said Anton Honikman, chief executive officer of MyVest. "With SPS, wealth management firms can differentiate themselves by offering a greater level of sophistication in a fully integrated system. Our agreement with Thomson Reuters combines the power of SPS with BETA's robust and highly scalable transaction processing capabilities to create a comprehensive managed accounts solution that advisors can easily adopt from within Thomson ONE."

"MyVest enables wealth management firms to transform their business by adopting modern best practices in portfolio management and technology," said Bill Harris co-founder and chairmrman of the Board of MyVest. "We look forward to helping more firms, advisors and investors access these best practices through our partnership with Thomson Reuters."