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Friday 13 December 2019


Refinitiv partners SigFig for robo-advice

Written by Peter Walker

Refinitiv has announced a strategic partnership with SigFig to deliver financial advice technology solutions.

Specifically the technology will be targeted at the institutional users of Refinitiv’s BETA platform and will enable the pair to deliver an integrated digital advice experience.

Under the agreement, the clearing and custody platform will leverage SigFig’s direct-to-consumer platform technology to create an end-to-end robo advice solution, featuring account opening, automated investment management and money movement.

Joe Mrak, managing director and global head of wealth management at Refinitiv, said: “Our wealth management clients are constantly looking for smart and seamless investment management services and counsel as a means of further differentiating themselves and adding greater value for their customers.

“By integrating SigFig’s technology, Refinitiv is able to provide its wealth management clients with an enterprise-grade, complete digital advice solution that we are confident will dramatically transform and improve their investing services and capabilities.”

Over the last year, Refinitiv has invested heavily in digital solutions, adding digital advice technology, MarketPsych indices, automated and customised advisory and end-client interactions, enhanced cash management solutions to clearing and self-clearing broker-dealer clients.

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