Interactive Data and Scivantage team on wealth management workstation

Source: Interactive Data

Interactive Data Corporation, a provider of comprehensive market data solutions for wealth management firms, today announced that it is expanding its relationship with Scivantage, an independent financial technology provider with proven expertise in online brokerage, tax and portfolio reporting and wealth management applications, to deliver an enterprise web-based workstation for wealth management professionals.

Demonstrations of a beta version of the integrated workstation will be available at the SIFMA Tech Expo (Scivantage Booth #1416).

The integrated workstation will deliver market data and tools available through Market-QSM, Interactive Data's browser-based real-time market data solution, along with Scivantage's account and advisor book management, order entry and transaction processing capabilities. The integrated workstation will enable financial advisors to access robust market data and research, decision support tools and advanced trading capabilities, and to automate critical functions such as portfolio rebalancing, cost basis reporting, and trade processing.

Market-Q is easily and cost-effectively integrated across a wide range of financial institutions' platforms, enabling advisors and their clients to seamlessly access market data and tools within a single easy-to-use web application. As part of the new arrangement, Market-Q will leverage Scivantage's advisor productivity tools and transaction processing capabilities to deliver a comprehensive wealth management solution. Available web and mobile-based delivery options will enhance access and usability, allowing for quicker time to market and lower software management costs.

"Combining Market-Q's customized market data and tools with client, account and transactional level data from major back office clearing providers through Scivantage extends our real-time streaming market data desktop into a comprehensive wealth management platform," said Bill Chambers, vice president and general manager for Interactive Data's wealth management business in the U.S. "This platform will offer financial advisors a new technology choice, providing more efficient workflows to help advisors focus on servicing clients."

"We are very pleased to partner with Interactive Data to extend the capabilities of the Market-Q platform," said Joe Stensland, Executive Vice President, Product and Delivery Managgement, Scivantage. "Leveraging Scivantage's unique, back office independent account management and advanced trading capabilities, the combined solution will offer retail brokerage firms and financial advisors a broader range of integrated services to support the wealth management lifecycle. With no software programs to install or update, the system gives an advisor a versatile, powerful solution - all on a fully hosted and secure web platform."

Interactive Data and Scivantage anticipate launching the full integrated workstation later this year.

Interactive Data's wealth management solutions support more than 500 clients and include real-time streaming market data desktops, customizable web-based portals, a broad range of mobile and tablet solutions and powerful APIs. Interactive Data also designs, builds and supports custom-branded solutions for a wide range of technology frameworks and platforms. 

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