FactSet partners with LightPoint’s POEMS and expands in Canada with BMO

Rick Steves

“With this integration, clients gain access to consolidated, real-time and delayed data from over 300 global exchanges and data venues along with reference data across all major asset types within the LightPoint application”

This week, FactSet has announced partnerships with LightPoint and BMO’s Wealth Management as it further expands across the globe.

LightPoint offers a leading portfolio, order, and execution management system (POEMS). The partnership will provide buy-side firms with a front-to-back solution.

FactSet was also selected as the primary market data provider for BMO’s Wealth Management division across Canada.

FactSet’s Advisor Workstation for enhanced client engagement and experiences

FactSet’s Advisor Workstation will be deployed to equip BMO advisors with FactSet’s content and analytics within a comprehensive and intuitive web-based interface that enhances the asset management division’s broader technology ecosystem and drives advisor productivity and client engagement efforts.

The partnership confirms FactSet’s growing influence within the wealth management sector in Canada as the firm further delivers differentiated solutions for wealth managers.

Goran Skoko, Executive Vice President, Head of Research and Advisory Solutions at FactSet, said: “Our collaboration with BMO demonstrates how FactSet’s solutions enable enterprise-wide digital transformation and reinforces our commitment to the Canadian market. We are thrilled to work with BMO, who is committed to implementing new technologies that will enhance communication, efficiency, and the advisor experience, and drive improved customer outcomes.”

Bruce Ferman, Chief Operations Officer, BMO Private Wealth, commented: “We are pleased to work with FactSet to help drive progress in BMO Wealth Management’s digital transformation journey. Together, BMO Wealth Management’s professionals will be equipped with the technologies to deliver enhanced client engagement and experiences.”

FactSet partners with LightPoint for front-to-back solution for buy side

Earlier this week, FactSet joined forces with LightPoint to offer hedge funds, institutional asset managers, and family offices a fully integrated front-to-back solution with greater data flexibility.

By combining LightPoint’s portfolio, order, and execution management system (POEMS) with FactSet’s data solution, investment managers can reimagine their trade and order workflows and improve on operational efficiencies when evaluating or executing on trading opportunities.

“With this integration, clients gain access to consolidated, real-time and delayed data from over 300 global exchanges and data venues along with reference data across all major asset types within the LightPoint application,” said Jonathan Reeve, Head of Content and Technology Solutions, FactSet.

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