Baltimore-based securities brokerage Legg Mason Wood Walker is rolling out Thomson Financial's retail and wealth management product, Thomson One Advisor, to more than 1400 financial advisors.
One Advisor replaces three previous providers of wealth management tools, market data and Web content. The system will also be distributed to other private client group employees.
The Web-enabled product is being customised to Legg Mason Wood Walker's specifications and will incorporate wealth management tools, real-time market data and back-office processing as well as the broker's proprietary applications.
Mike Abbaei, chief information and operations officer, Legg Mason Wood Walker, says: "Implementing Thomson One Advisor will help our Financial Advisors to successfully focus on their clients' long-term needs."