Thomson Financial, an operating unit of The Thomson Corporation (NYSE: TOC; TSX: TOC) and leading provider of information and technology solutions to the worldwide financial community, and Restricted Stock Systems, Inc. (RSS), a provider of restricted and control stock management solutions, today announced a partnership and the availability of a solution designed to automate the restricted stock sales and compliance process on Thomson ONE Advisor.
Thomson ONE Advisor combines essential wealth management workflow tools, real-time market data and transaction services into one comprehensive, easy-to-use solution. Thomson ONE Advisor is built on an open application framework that allows for seamless integration of content and tools from Thomson Financial, proprietary systems and third parties. Using the intuitive tools and critical data to improve productivity, financial advisors can better focus on their clients to give higher levels of service and consistent advice, ultimately growing assets under management for the firm.
RSS focuses exclusively on providing restricted and control stock solutions. Using RSS solutions significantly reduces the time intensive process of collecting and verifying shareholder information, facilitates communication between the necessary counter-parties, and automates the completion and delivery of filings necessary to transact. In addition, RSS creates audit trails and metrics throughout the process for compliance and reporting purposes.
The RSS processing engine has been extended to specifically address 10b5-1 selling plans and venture capital distributions:
* The Rule 10b5-1 Module facilitates the creation, processing and managing of selling plans. Additionally, the RSS system allows you to publish recommended selling plan templates in addition to tracking clients existing, custom plans. Pro-active alerts notify all interested parties of pending plan activities, preventing missed trades.
* The Venture Capital Module offers all of the capabilities of the RSS system across the entire distribution, automatically creating supporting documentation for all limited partners, tracking partner activity and managing the cumbersome communications with external parties.
"We are delighted to have entered into a partnership with RSS to provide this unique and innovative technology for our customers," said William O'Conor, Managing Director, Retail Wealth Management, Thomson Financial. "Similar to how Thomson ONE Advisor is a workflow solution that enables investment professionals to work more effectively, the RSS solution will enable our clients to do their job in a more simplified, efficient way."
"We are excited about the opportunity to partner with Thomson Financial, who has demonstrated a solid footprint in the Wealth Management industry," said Greg Besner, CEO of RSS. "Delivering RSS via Thomson One will enable us to reach a much broader audience that is in need of an easier way to manage restricted stock transactions."