Standard Chartered Private Banking has launched ADVICE, a digital wealth advisory tool for its relationship managers (RMs) that integrates its suite of house views and investment recommendations with Thomson Reuters’ real-time market information.
Powered by Thomson Reuters Eikon, a financial markets information and analytics platform, the solution provides RMs with one-stop access to the bank’s house views and product solutions, linked with live market data across a wide range of asset classes.
“This is a significant game changer as it harnesses the full breadth of our advisory capabilities, enabling our RMs to deliver in-depth investment advice to our clients with a much faster turnaround time,” says Alexis Calla, global head, investment strategy and advisory at Standard Chartered. “Combined with live data from Thomson Reuters, this innovative solution allows our clients to get quicker access to actionable insights through their RMs and respond more nimbly to market events, which is especially crucial in today’s increasingly volatile investment environment.”
“Thomson Reuters’ open platform approach has enabled us to collaborate with Standard Chartered’s Wealth Management Advisory team to innovate and pioneer a unique and seamless solution. With Eikon, Standard Chartered’s RMs have access to a dashboard that brings together live investment views and conviction products contributed by multiple teams across asset classes, demonstrating the benefits of our market-leading platform,” says Sanjeev Chatrath, managing director, financial and risk at Thomson Reuters.
RMs can access ADVICE via their Thomson Reuters Eikon-enabled desktops, to engage in investment-led conversations with their clients. With multi-source information efficiently available on a single portal, RMs can spend more time with clients to better understand their needs.
ADVICE houses the bank’s actionable conviction lists across equities, bonds, funds, foreign exchange and derivative structured products. It also provides access to the latest news and commentaries across economies, industries, companies and governments.