ADP Brokerage Services is teaming with Reuters to develop and market integrated desktop products aimed at the wealth management industry.
The two firms have signed a joint development and co-marketing agreement to deliver products based on ADP's Provisor platform and the Reuters Plus service.
Provisor is a browser-based broker desktop tool that provides access to critical portfolio information - including tax lot updates - as well as automated online order entry and real-time market data. Reuters Plus is the vendor's premier desktop system for the wealth management marketplace which delivers real time historical and key fundamental data.
Commenting on the agreement, Marianne Brown, senior vice president and general manager, ADP Brokerage Processing Services, says: "As ADP's clients embrace wealth management, we believe this integrated workstation becomes a core element for producer productivity and asset gathering."